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Typically another registered agent can take over, but SFM can object if you haven't paid your bills to them. Get a copy of all claims SFM has on the company.

MakerDAO is the thing. What makes it different from the rest is that it is relatively trustless. USDC and TUSD are both based on trusting auditors. Tether is a fantasy, a sort of psychosis that still shows how gullible people in the crypto space are.

I have no idea how you will open a bank account, but these are some "bugs" they put into typical legislation: - Pay the fines for not keeping UBO records: $500 + $50 per day. Are you willing to pay $20.000 per year in fines? - Buy or create a listed company on one of these exchanges, take...

I did a quick search, and I couldn't find any jurisdiction with real bearer shares: - Cayman Islands, abolished - Belize, abolished - Nevis, abolished - Panama, abolished - Antigua, resident agent keeps registry or pays $50.000 in fine - Seychelles, abolished

I spent some time reading through the amendments to the International Business Companies Act in Belize. TL;DR Your IBC in Belize can not carry out any commercial activity, cannot hold IP, and must do everything from within Belize. These rules will change every 2 months. In 2018, the law said...

I just checked Seychelles, and you basically can't dissolve a company without an independent liquidator. The liquidator needs to do a bit of work. The alternative is to ensure all officers resign and then fees will not accrue on those people personally. The company will accrue fees, be struck...

Continuing the off-topicness, there must be useful things these bearer shares can be used for, like holding IP, handling CFC rules, loan arrangements in crypto and similar things that do not need banking.

1. Is most likely false,. Is that usually the actual facts matter, not the formal registration. If OP was actually out of the country and did not register as such, he was actually not tax resident. If he can prove he was outside the country, that's what matters in a court.

Just a few such countries: Belgium, Netherlands, Cyprus, Hong Kong, Ireland, Luxembourg, Malta, Sweden, Norway (97% exempt), Denmark, Latvia, Bulgaria, UK, Andorra, Bahrain, Croatia, Egypt (90% exempt), France (95-99% exempt), Georgia, Germany (95%), Ireland, Italy (95%), Kuwait, Lebanon...

Every country that has a "holding company regime" will have the same rules, and thus this non-taxation of dividends is more common than not. It is only because Estonia delays corporate tax to the time of distribution that keeping track of which income was tax free in the beginning becomes...

Last time I checked, Georgia was not part of the EU, so how could a Georgian VAT number be valid in the EU?

There's some confusion in this thread regarding CFC and I think there's some misunderstanding here regarding what CFC rules are all about. CFC rules are about people holding shares in an offshore company, typically minimum 20-25%. They will get taxed as if the company was onshore. This is if...

This is how you get money out of China, specifically.

Can you break those fees down? Actually, I found there was a 3% fee at rent a company as well for getting dividends, they just don't advertise it in big letters on their front page. So it could be better overall.

Maybe this is mirror trading, but I don't think this makes much sense. The books of the company in Russia needs to be adjusted, and this can either happen through default of the traded stock, or if the price goes down. I don't think these guys trade global 500 stocks.

@ivan1911 winglio.com seems like a much better option than the second one, even if it is more expensive. by getting your payments as dividends, your local tax liability is typically much smaller.

I don't think this is necessarily "asking for trouble". Variations of this exist all over the place. For example in the UK you have payroll/umbrella/rent-an-employer companies that are all variations of this. The risk around money laundering is held by the service provider, while you have...

So now INSTEX has 9 members, no trades yet, but things are changing. https://www.euractiv.com/section/gl...n-eu-iran-financial-trading-mechanism-instex/ Finland, Belgium, Denmark, Netherlands, Norway, and Sweden will join the INSTEX mechanism for trade with Iran, the six countries declared in a...

Taxation of branches can get complex, but it is simplified by the fact that the UK disregards it completely. In the simple case with a single branch, what the Czech branch pays in taxes is up the the local tax rules in that country, but typically that will be on all global income. Now if your...

By the way, here is the EU court case clarifying that a branch of a dormant parent company is completely legal and cannot be questioned by the tax authorities within EU. The company will be a UK company with a branch office in Czechia. On the letterhead, you will typically do business as...