corporate account to receive payments from bitcoin

[opahopa]

Hi!

Long story short - i need to setup a dividends payments, while my income is mostly in bitcoins.
Considering to open company in Belize + corp account somewhere (opened remotely)

I will be receiving USD & bitcoin payments(probably exchanged through localbitcoins) to this corp account.

What is the best bank/EMI account for it? Main thing is that there must be some not super expensive way to exchange BTC to this account.

Thanks!

 

[Martin Everson]

Have you tried wirexapp or even luno. There are many companies actually however USD is a big no no. Stay away from the dollar payments in general.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[opahopa]

wirex might be an option, but do they have a corp accs and will they make an acc for Belize company? as far as i see no corp acc and also no USD account option (just DAI).

Yeah i prefer to stay away from USD, but in this particular case i need to setup dividends payments in USD for some legal purposes.

 

[Elve]

Unfortunately Wirex does not accept Belize for business accounts. The last time I asked a few months ago, now it may be that things changed.

 

[Elve]

You can maybe try that Corporate

 

[Martin Everson]

Oops sorry I forgot the Belize part. Well nothing comes to mind right now.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Gediminas]

If you will be stuck with the options, drop me an email, I might be able to help you 😉

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https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[DGTLOTC]

Belize + Crypto + USD is going to make it very very hard......that combo with USD is a banking line destroyer

 

[Martin Everson]

EUR99 said:
Belize + Crypto + USD is going to make it very very hard......that combo with USD is a banking line destroyer
Click to expand...

Agreed that is a compliance officers worst nightmare. Belize high risk shell company, crypto activity high risk and dollar processing high risk hi%#. Your gonna have to go for one of those lowkey Eastern europe EMI's (search forum).

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[DGTLOTC]

It's a toxic trifecta from an EMI's point of view

as Martin said find a small EMI that might help you out - be prepared for the fees too as they be high

 

[opahopa]

I could register a company somewhere else - maybe that could make things easier ?. Nothing of this exists at the moment and i'm just checking for options. It's better if there is 0% tax on foreign income for the company. What about Mauritus?

 

[DGTLOTC]

Mauritius is still going to be a problem to be honest you need to balance structure with banking solutions out there.

probably you will need an EU company