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Hi, thank you for the thread, thats what I was looking for. Just want to double-check so I understand correctly: - Dubai company 'delivers' consulting to German Company - B2B Consulting 1) In that case the German company needs to pay 19% VAT as they 'import' my services from non-EU? or 2) Me...

Hi, best is to open an account with interactivebrokers.com (they have FX interbank spread). From/to interactivebrokers you can send/receive many currencies (USD/EUR/NOK/GBP....) and take it as an AED on/off ramp. Important is that it needs to come or go to an account of your own name or from...

Fidor is not an EMI, but insta-settle with Kraken if thats an option for you or as @azb1 suggested take another typical non crypto exchange like LMAX Digital. Otherwise use an OTC broker as this may create even less issues for most banks as long as not the name Crypto comes up in the sender...

Running an exchange is a completely different business model -- my posts were all about managing/trading prop money. To run a crypto exchange, it will be important to work with people qualified enough to guide you to make it bullet proof. Otherwise you will run into deep trouble later on...

yes, just much more limited amount of underlyings, products and leverage and such if you just want to trade majors then you could go with them but fees are higher for active trading vs FTX or Binance

me personally I wouldnt open a Crypto related trading company in the US as you wont get access to full Binance or FTX etc. My setup is BVI for Crypto and US LLC for 'normal markets' trading Banking with BVI Crypto Co with US based Silvergate/Signature Bank no problem US Delaware LLC for...

clearly Delaware US LLC much easier to open bank accounts

If UBOs in Germany, I assume then you'd officially declare the shareholdings and unveil the UBOs with TIN. There are certain banks which for example service gaming/gambling or crypto. I'm not qualified enough to speak about HKG Cos, but from my experience BVI and Cayman if unregulated its the...

Hi, depending on your business sector and if you are in a 'clean' or more high risk business. Also assets and where UBOs live will influence the willingness for banks to onboard

Thank you for the incfile. What would be the advantage to go with agents like legalzoom and such? Regarding the banks, yes Silvergate/Signature are great as they have insta settlement of the cash leg if you do arb. However, other banks for BVI Cos are for example Swiss Crypto Focused Banks like...

Hi, can you recommend a good service provider for opening a US LLC? LegalZoom or BizFilings or such? For me its important to have a good, knowledgeable provider -- doesnt need to be the cheapest

Hi, from your experience living in the UAE on an investor visa (your own company will be your sponsor) I have question: - Is it better to pay yourself a salary from your own company so that everything 'looks better' to NormalJoeSixPack in the banks? Because in their way of thinking someone...

Switzerland Wealth Tax depends on the 'state' you'd live in and can be BIG difference, ranging from 0.15 % up to 1% like in Geneva Here is a good sumup for Wealth Taxes https://www.wealthandpolicy.com/wp/BP133_Countries_Switzerland.pdf

I know people who trade with BVI Co via IBKR US (maybe IBKR EU will create issues). However, as @Fred wrote, the cleaner setup is Dubai Co. Depending on where you live, going via (single member) Delaware LLC (or even via LP) may be an option to look into

Hi, instead of sending money via crypto exchange try to work with some good OTC brokers as on/off ramp. Advantage of good OTC desks are: - sourcing quotes from different brokers - cheaper fees mostly - the money will be sent/received NOT from a classic Crypto Exchange like Binance or so and it...

excellent, thank you very much @Nicholas Van Orton

Hi guys, great info - thank you. I was wondering how 'easy' it is to get a UAE bank personal account without being employee --- (visa through own company)? What kind of documents would they require? I assume best to go there once having EID and apartment or also possible while in Visa...

Great list @azb1 I'd add celticgold.eu on it as well. You can, in addition to gold, buy Silver VAT free there and ship within Europe for example. Norway also no VAT on silver

In my opinion Seychelles/Belize will nearly be impossible to open bank accounts (specially if Crypto is involved) Cayman/BVI pretty easy to open corporate Crypto Bank accounts with the usual suspect crypto banks

Hi, I dont know if you checked the income tax rates in CH for Zug, Schwyz etc --- depending how much people make, the tax income tax rate may still be much more favorable compared to other countries. Also the type of income would be important. Monaco is favorable for high income earners but...