Search results

Agree. that RSVP sign off is a dead giveaway.

There's still banking options for those jurisdictions, just fewer and some may be more difficult to get approved. Have a chat with your agent of choice when you consider incorporating to see which banks they work with. The easiest, though not necessarily recommended option will generally be a...

Sorry, seems the second half of my reply was cut off. Seems like I'm always looking for more banking options hah. Regarding Afrasia, I spent months going back n forth til I was finally told the ID documents etc were out of date and we had to start again. I can't blame the bank for this though as...

Good to hear mate! Yes would be interested to hear your opinion of Mau bank when it's up and running. I have only dealt with Afrasia and ABC there so far. ABC stopped opening for foundations so didn't get too far with them

Just a quick query, Would you choose your registered agent based on the banking connections / options they have available? Or would it suffice to simply use another introducer for the bank of choice? I'm looking at one RA but they only work with Mau Bank and Bank One in Mauritius. I'm not...

@moneynetwork could you expand on this?

Hi guys, Just wanted to quickly see if anyone here had any experience with this company? Their website is Offshore company - offshore company online - affordable formation services . Someone here had mentioned them to me a while ago but only just now looking at trying them out. Thanks!

Hey guys, I'm just curious how you would show (on accounting records) an injection of cash from a personal source to your offshore corporate structure? I realise most of the jurisdictions we use (including my own) don't require accounting records but I keep them because I've been asked a few...

I see no reason a company of any size couldn't do so (but as always, consult a professional). Laws generally don't specify company size etc so the same laws that apply to Google would apply to a small family business. It's more a question of viability. Do the additional savings of doing so...

It's certainly legal. It's how all the big companies like Apple etc reduce their taxes. But you would want to consult a professional to make it legit. You have to consider transfer pricing laws etc.

I completely understand. I've been a nomad for 6 months myself. If you have no new tax residency, you'll usually find most jurisdictions accept your last or birth domicile as your tax residency. It may be worth looking in to gaining legal residency in a favourable jurisdiction to cover yourself...

Talk to your agent about recommended banks when you incorporate. They usually handle a lot of the account opening hassle for a small fee.

You still need to have a country of tax residence. If you try to claim no tax residence, you will usually be seen to be a tax residence from your country of citizenship or last domicile and may end up with a lot of back-taxes and fines if caught out. At the very least, you need to claim a...

Essentially it is using falsified documents to create a fake identity. It isn't an area of expertise for me however so I prefer to refer people interested to @auric and I believe there is a lot more information in the mentor group if you upgrade.

Not that I can think of off the top of my head sorry. I don't focus on the EU too much (I actually tend to avoid it). I'm sure there is some around though.

It's a little more costly but you might want to consider using two companies. One is the operating company in a reputable jurisdiction where you can get a merchant account, carry out your activities legally etc; the second is offshore in a low tax jurisdiction. You would shift your profits to...

CFC laws usually include the effective management of a company. Sounds like Poland splits them up in to two laws but it's the same advice as originally stated. Move, expand your structure or go with darks. You could also find a different bank account that isn't part of the AEOI list. But this...

Poland has had CFC laws in place since January 2015. So yes if you are the sole owner of the company and a tax resident of Poland, your company could be taxed as though it is Polish. I believe Poland's CFC laws don't apply if the company has an income below EUR250,000 though. It's something you...

I would say you're a fool....

First off, talk to a local professional. Secondly, don't sell your crypto til you have this figured out. I agree it will continue to grow; at the very least you shouldn't go backwards, But a capital gain is deemed to occur when you realise the profit. This means if you sell your ETH, even for a...