Recent content by ilke

1. You do not have legal protections against the shareholders. 2. It is not legal to not disclose the UBO when there is one. Exercising 100% of control, even with 4 'shareholders' each holding 25%, is still being a UBO. Also mentioned by @CyprusLaw who has a very good understanding of this fact...

This is a great tip ”“ I hadn't heard of it before but seriously looks great. Thanks!

Let's not ”“ https://www.intergiro.com/resources/tomorrows-world It is a joke institution, in my opinion. In current times, they play hard to get with $1M yearly turnover requirements (BTW you can generally open with some of the world's largest banks with not much more complications + access to...

3SMoney has NL & LU but TBMK if they class your business as higher risk you will get GB details (MOLUGB22). They are quite focused on trade business so it could be good. Otherwise look at Chinese providers like PingPongX, Worldfirst, Xtransfer; generally, they will issue through Citibank or...

What specifically was the issue with PingPongX?

Because US taxpayers are reported via FATCA while the rest of the world is reported via CRS. The payment provider would have to get a GIIN, verify tax status with the US forms, and integrate the tech-side sending system. It's not necessarily a super hard process but also might not be worth their...

They accept many non-EU, e.g. some of the usual offshore like Curacao, Seychelles, BVI, etc. I don't think they work with US LLCs though; most European companies tend to avoid due to added reporting risk (and large punishments for not reporting if the company is a US taxpayer)

I think it's just made up; the company is definitely fully Ukrainian owned

Yes, why not, but it will decrease your chances/capabilities of banking the Pte. Ltd. Bringing US into the mix inside foreign structures is not ideal for banks. Would probably be better to just use a decently reputable general offshore entity (e.g., Cayman, BVI)

Why not Revolut Business? Only 10 EUR monthly for business clients and it works pretty OK for low-risk activities. You can definitely have up to 200 debit cards per employee, and if I remember correctly something like 50-100 IBANs per currency.

What is wrong with BDO Italia? Also the composition is public. But yes, the transparency is lower with Tether than Circle. On the other hand, Tether is still the standard for payments.

Yoursafe allows custom name based on social media handle with some limitations for personal accounts. Otherwise @daniels27 is right, some European banks are insensitive to mismatched names. Otherwise, if you use trade name + real person name (like "ABC123XXLsuperconsulting John Smith"), there...

Well, not so much now, but used to have it as a primary business ”“ a lawyer by education, but CPA is how I made my first million :)

I assume CPA as in cost-per-action i.e. affiliate marketing, not accounting ”“ you probably wouldn't do that since a kid or use it to learn web development

NGN for personal accounts on Due and you can convert directly to USDC