Search results

Cayman is I think removed, but yes it makes sense that they do not seek alternatives It is weird for me that the "Offshore Magic Circle" and many int. law firms have offices in the exact same jurisdictions. No creativity.

Why do corporate providers keep recommending BVI / Cayman for a holding? They don't explain it properly either, the goal is asset protection, and both of these have long statute of limitations / no bond requirements. Are there more reasons to it?

I might be wrong, but I feel like since it's a global bank, they would share your info anyway. Armenia being non-CRS is only part of the puzzle for reporting.

Seems that branch profit tax in USA only applies if there is effectively-connected income...or am I wrong? https://taxsummaries.pwc.com/united...e of the branch,US branch to foreign lenders. If US LLC is owned by a holding in like Estonia / Cyprus / etc., the tax is only paid by the holding...no...

Any other opportunies worth looking into? Like golden visa / passports in Malta, Greece, etc.

I want to withdraw my director fees from us llc to eu. It's super small, 3 figures per week. Does revolut ask proof of funds?

Well said, thank you Marzio and Sols

To benefit from 0% tax until distribution, you need to hire 3 employees, that's fine, but... They never mention if employees have to be in Poland... Can't you employ someone from abroad (from like Spain), pay employer social contributions in Poland, yet still benefit from 0% tax?

My 2 cents - Revolut froze the account, and Estonian banks have the worst service (not to mention exact bank names).

That is indeed interesting, how would Estonia view BVI considering that it's a high-risk jurisdiction? I assume they would investigate it from time to time, and banks would definitely scrutinize transfers from there. That's a dream. --- Got quoted like 20-30K per year for a Jersey company, I...

So..did anyone create a partnership and got a VAT & bank in EU? Really curious.

No, ahaha. it's wholesale, around 4-5m per year. Banking in Estonia is sh*t , so thinking of a bank / branch abroad. But not sure which country would open a bank for a branch. Plus, not really willing to pay huge taxes. Romania comes up, with the micro-scheme, but then would a bank actually...

Hi, What reputable bank would accept remote opening? Or where to set up like a branch to get better banking?

Thanks That sounds good but then PE issues can arise. For US it might be fine, since it's FATCA and they barely communicate, but UK would be an issue I guess.

I meant to pay salary to non-residents - does Estonian company pay contributions in Estonia? (assuming not contractor, but actual employee) Because it's like up to 33.8% Yes Dubai would work for this setup. Just that the thread is more about social contributions at core. This is insane...

This is assuming for an actual employee, not director. Obviously - "The salary, wages, and business income of a non-resident is taxed only in the extent of income received while being in Estonia.” Got it, out of the way. Then, this comes in the way: 1. Where would Estonian company *not...

Thanks @Don and @Sols, amazing advice (as always) It's becomes harder to wire money from there every year for us. Hopefully no-one has those issues.

Hi, Jersey, Isle of Man, Guernsey and many others legally let you reduce CIT to 0% wherever you are, assuming you get a substance. But...which ones have the cheapest substance so you don't pay $10s+ per year.

Hi Mercury > EMI > Binance/Kraken is the goal At the moment I can't seem to find how to buy crypto in USA. Mercury allows crypto transfers, but it's like...until it doesn't. Any advice? Business preferred, but personal works. Non-resident US, EU citizen.

That's unfortunate ahaha To be honest I just need a VCC, so maybe some crypto providers offer that?