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  1. mnschwarz

    Balance : Bank professionalism vs Heavy Procedure

    Not sure if I understand this correctly. You want to re-invoice through a low tax jurisdiction... and then pay out to Australia (or UK; both high tax jurisdictions)? Aus is not big on bank reference letters. I've never needed one (though you often want residency, at least temporary).
  2. mnschwarz

    BVI company + Bank of Cyprus account

    Theres no one size fits all. But if BVI came up on your radar, you may want to look in to Belize or Seychelles.
  3. mnschwarz

    Can I work for an offshore company?

    I'd have to disagree with this this. Agreed, contracting is definitely better than being an employee. If you're the only employee it can raise suspicion. However in most cases a POA is a terrible idea. As soon as you do this you legally paint a target on your back as the true owner and...
  4. mnschwarz

    Why it is better to have a nominee director?

    You're talking about nominee bank signatories. They're similar but just for the bank account (often used along side corporate nominees though). Yes this is one way to avoid being reporting as UBO under the AEOI. And yes the risks are that they are the controlling party of the bank account. You...
  5. mnschwarz

    Western Union money transfer direct to bank account!

    Have you tried it? I looked at this a while ago but don't have any experience with it.
  6. mnschwarz

    application

    @Admin , rodney taylor is the new donald bathe.... rsvp??? urgh!
  7. mnschwarz

    BVI company + Bank of Cyprus account

    Firstly, most here will advise against BVI these days. They've been changing their requirements and both privacy and pure hassle of dealing with them has gone downhill. That being said, your tax requirements depend more on your residency (usually) than on the company jurisdiction; and certainly...
  8. mnschwarz

    Show stopper: Management must be in offshore country

    This entire thread is speculative without knowing your country of residence as @auric also mentioned. The main issue to be discussed is CFC laws. Your country may or may not have them. Once you work that out you can consider your options better.
  9. mnschwarz

    fake documents how can this be good?

    How did they figure it out? And any recourse from being caught out?
  10. mnschwarz

    Reasonable agent for the Belize IBC?

    38!? If that's not a seal of approval I don't know what is haha.
  11. mnschwarz

    Best strategy for minimum taxes of online tech company with income from worldwide?

    Depends on which EU country. The main issue to look in to is CFC laws. Basically means if you control a foreign company, you will still be taxed as though it was a resident company. If your country has these laws, you could look at a Foundation (& possibly nominees) owning the company to...
  12. mnschwarz

    Why it is better to have a nominee director?

    Nominees however are legal whereas darks are not. Get caught out with darks and you may lose everything plus face fraud charges.
  13. mnschwarz

    Is Cyprus best choice for my business

    Legally the interest on the loan would be seen as personal income for the shareholder.
  14. mnschwarz

    Hong Kong is a trap, a fake good offshore jurisdiction

    agree with @jryan54 . As mentioned earlier there are situations where HK is extremely beneficial. But for many on this forum it isn't the case. HK has a reputation and attracts a lot of offshore business because of this but many who haven't done their research find out the hard way HK isn't for...
  15. mnschwarz

    What is the best and free Ethereum wallet?

    I use Kraken. I haven't compared their rates against others but it works well for my needs.
  16. mnschwarz

    What is the best and free Ethereum wallet?

    myetherwallet is a good one.
  17. mnschwarz

    Which Offshore Bank Can you Trust with $1,000,000 Dollars?

    I know BVI & Seychelles have both been accepted.
  18. mnschwarz

    Kraken.com does not verify my account!

    I've only used Kraken so can't compare to others but I've been happy with their service.
  19. mnschwarz

    panama

    Just noticed the account has since been banned. Good to see. Those posts were kinda painful!
  20. mnschwarz

    UAE Free Zone

    What were the requirements to obtain residency?

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