https://www.taxathand.com/article/3...hat-Armenia-and-Cameroon-have-signed-CRS-MCAA
@avalanche maybe he is from Azerbaijan? Do you know what they did that horrible?
I think most banks in such countries are good if you live, work, trade or invest there. You can do almost everything from topping up phones to paying for water to paying traffic fines. Same as in Georgia, Kazakhstan, Mongolia, etc.
Of course we are against any form of control.
Why not, do you think it is more insecure compared to other places like Costa Rica, Bermuda Seychelles?
I'm interested to know more about it and opened an thread below inside mentor group to discuss the matter
What would you suggest in this case? maybe you can post in my above thread to not go off topic?
It's quite simple. CRS is based on residence so go live in a place you don't mind paying taxes in (if there are any taxes at all). We can discuss options in other threads.
Just saying that Armenia offers taxes and cost of living that are so much lower than for example highly taxed parts of Europe that if someone from there to Armenia, they'll have a lot more money in their pocket than if they keep paying high taxes and high costs of living.
I answered it, but everyone else answered it better than me. It seems everyone knows...they are just being "politically correct." 😉
What are your honest thoughts of Armenia for banking for foreign owned company ?
You mean a company incorporated in Armenia but owned by foreigners? Or a foreign company?
Start here and keep going down the rabbit hole: Dual Citizenship: What's the Real Advantage of Holding Two Passports?
