Recent content by micand

Breaking: Upcoming important change that will require the reporting of the beneficial owner(s) of a US company in the future. If you own a US company, it is likely that you are directly affected by this reporting obligation. The Financial Crimes Enforcement Network (FinCEN) published a...

Mercury is keen on clarifying that you are running a legitimate operation. They want to see, that you have ties to the US (customer/suppliers), that you have a professional website or in case of an Amazon business can provide a sound sellers page. Mercury wants to make sure that you have social...

Did you try NEAT?

100% agree!

Made good experience in the Republic of Moldova and remote account opening.

Thanks for sharing! My clients were all EU citizens and residents. Did you open personal accounts, business accounts and with or without power of attorney?

After introducing clients to Georgian Banks for four years now, I would like to give an update of my personal experience with SOLO Bank (Bank of Georgia), TBC Bank and Tera Bank. While opening an account in person might still be possible, opening a personal bank account with a notarized and...

Just talked to my private banker at SOLO Bank. Can still open private accounts with a notarized passport copy, power of attorney and an apostille.

IB is doing it already, too.

You should do some research on the following topics management and control economic substance cfc rules beps aeoi and with 50-60k per year in revenue costs for substance e.g. a director´s salary and social security contributions might outnumber tax advantages easily.

500 € remote company formation (in case of a freezone formation additional charges apply) 500 € remote bank account opening (private or business with BOG/SOLO) 1000 € accounting p.a. 600 € registered office p.a.

I suppose you are using this structure to save taxes, right?

Have a look at inet cash and ccbill

Do you employ a local director for your company in Georgia or are you the director, residing in Germany?

Could help with that. Sure you can implement a lawyer or tax consultant, but also bear in mind that if that person is already involved in dozens of companies, that might be considered as a nominee director and cause a red flag in terms of economic substance for tax authorities looking up...