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Also if you think well i will just fly to X country for a few days every week or whatever and then declare that i did my work there and during my stay in Portugal i just bum around at the beach... that is not going to work either. Double taxation treaties will shift the taxation onto Portugal...

Foreign sourced is primarily concerning where your physical butt sits when you do the work. It does NOT matter if you do remote work for someone overseas. Your body location is what matters. If you do work while in Portugal for a foreign client that is still national sourced income and fully...

Yes the proof of funds is no issue at all. Its just that traditional banks are not nearly as flexible and well setup digitally compared to the EMIs but the EMIs usually dont have bank licenses so issue with larger deposits and in general those also have problems with frequent large transfers...

CFC / Foreign Sourced is the keyword. The NHR program is the strictest when it comes to this of all of them. Your solution would not fly your income would be considered national sourced as your a*s is on the ground in PT. NHR only flies legally with real passive income. No your offshore is no...

The problem simply is there arent really that many alternatives around with a bank license and that handle aml/kyc so well (at least they did in the past). I have put absurd amounts for an EMI through them and never had an issue, aml/kyc once and it was sorted with very little paperwork...

sorry so yes i got two of the large law firms to answer this, its quite lengthy i told them to put it in writing for me. i will post here once i have that in my hand. recollection from calls was basically it boiled down to multiple things. in terms of the corp refunds cfc does not play a role at...

Wirecard is beyond done. 12 public prosecutors + bafin in the crosshairs. Germany will make an example out of them. That is not even taking the other lawsuits in account. It will be sold off in pieces under administration as best case scenario.

Ignorance at its finest. Get a lawyer yesterday and stfu to anyone else. It is that simple.

Swift is different story then. Non discrimination only applies in the SEPA context and is also being adhered to by the large multinationals. Payp** used to be one of the last prominent offenders but also bent over.

Domain seizures are very rare and usually connected to narcotics / controlle substances. If that is the case and you really were so dumb to sell in the EU... good luck. Your offshore is not going to shield you in any kind of way and depending on the substance this will get nasty. In that case...

thats why you dont s**t where you eat... as an EU citizen that woud be the EU...

@Martin Everson how much would you be concerned about them being the gatekeeper to multiple accounts? While you possibly (if they are not involved in fraud at which point i guess it would be just german one?) get the protection of multiple jurisdictions + deposit garantees ultimatively you...

You need to check proper residency laws for Poland. The 183 days or 60 days in cyprus is just the least legit requirement. Nobody gives a s**t really about residency days today anymore. In all serious western countries it is about the "point of interest" in life. Depending on domicile country...

Never had that issue only with some really old banking systems that wanted to search for BICs only in the country of residency. Afaik something like this would be illegal as you are not allowed to discirminate against any SEPA account / country within the SEPA system. Was an issue early on in...

As a Maltese resident... i strongly urge against using Maltese banks and even more so EMIs ;)

Yes dont use them for frequent small transfers. The fees are high and read through all of them in general. They are more for having a solid real bank account in a solid jurisdiction for some cash parking / backup scenario. Apartently you can also trade directly with IB through them / your...

You need to do the whole calculation. If you pay 30% = 30.000 in taxes on the 100k in poland and 10% in cyprus or whatever it is right now that means 20k saved BUT you also need to account for probably 10-15k depending on structure for two companies, registered address, accounting, few legal...

NHR will not fly legally. That would only be relevant for passive income. In the EU Malta/Cyprus would be what you are searching for but 100k turnover is hard on the limit. You ideally want to have at least 100k -profit- to even think about it. Also dont move for tax reasons in general. Just...

Thanks. Have you dealt with them in terms of changing the reference account and how much of a hazzle that is?

@Martin Everson do you have a few more recommendations for brokers for EU passport holders that you would trust with <deposit insurance amounts to park some liquidity in a rather safe manner? Opened accounts with ibkr uk, swissquote, dukas, lmax, flatex (in process). Would like to open 5-10...