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I'm starting to get confused on what you are trying to do. Cars can have a different owner and registered keeper. In all the EU countries I have seen cars could have an owner without a local address, but couldn't have a registered keeper without a local address on regular license plates. It is...

I really like that idea, kudos for you! Maybe it is even possible to make the company for a limited timespan in the articles of association? Like a close end fund?

I think so. I'll ask around about opening a personal account with a power of attorney in a few banks. BTW does anyone know if any of the EMIs provide a local (individual or not) IBAN in serbia? Would be handy to transfer between the EMI and the personal serbian account.... Quick update. I...

See my posts above about the effective place of management and control has to stay in the UK for the partnership to be deemed UK tax resident if challanged by for example the portugese tax authorities. Accounting and other stuff in Hungary is cheap. I can ask around for you if you decide on...

I would agree. I just don't see if it is truly possible without a UK or Ireland LLP with the Portugal NHR schem and that is the country he seems to prefer.

Yes, EMIs located in CRS countries fall under the same CRS rules as banks.

They also have branches and ATMs in nearly all bordering countries with Hungary. So you can use free ATM withdrawals from their ATMs in other countries as well (at least this is true when you open an EUR account at OTP Bank Slovakia, needs to be confirmed if it is true for OTP Banka Serbia as...

My info about Hypo was three years old :), thanks for the update! Can you throw in any extra info about the 4 banks I posted about, or any others you have experience having an account with? Last edited by a moderator: Nov 8, 2018

Yes they are non-CRS, they don't report. You can bring home €10k in cash to a bordering country per person. That's the whole point :). The bank I know about that don't ask any questions about source is Hypo bank. Wouldn't trust them with more than €50k though (that is the amount for bank...

I keep bumping into the 'last day of calendar year' regarding CRS reporting on statements issued by banks too. I was just thinking about the same with bank accounts. Keeping no or neglible balance on the last trading day of the calendar year, use normally throughout the year. Never did proper...

Check out the solution I have provided in your other thread: Looking for someone to consult me on the best way to cash out Crypto with minimal tax.

I gave this another round of thought. If either the UK LLP or the LLP-less with a non-dom residency routes don't work out for you, you can just simply receive dividens from a hungarian company. Most tax-optimizing software developers I know use a hungarian company because there is 4.5% tax on...

I don't know of any remote account opening possibilities, but people from the bordering countries open EUR accounts with a personal visit all the time. If you want to deposit above €10k you have to present papers from the serbian customs office that you brought in the funds officially. I only...

He stated multiple times throughout the thread that he doesn't want to hide the income, but want's a way to be able to freely spend the funds under his name and be able to show something to the tax man where the funds are from that has a less than 10% tax should thay start asking questions.

It is simple to decide. Look up the double tax treaty between USA and Portugal and the EU country you want and Portugal. Then look the local income tax act of USA and the EU country you are interested in. If you find that according to the double tax treaty your business income could be taxed in...

Have to be honest with you. This Non-Habitual/Non-Reguular Residency is probably the most complicated and strict non-dom scheme I have ever encountered in any country that offers one. The main benefit is that you don't actually have to spend any time there (do note that you still can't be on...

It sounds legal. I would also recommend a UK bank account, and proper documentation ('minutes') of major managing member (who you called director) deceisons in order to be able to prove UK management and control if challanged by the country you relocate to as a non-dom. You also need to check...

Just discussed this with a friend. There is actually a rather simple 4th option. Bulgaria has a double tax treaty with the UAE. In the UAE there is no income tax, VAT registration threshold is 375,000AED which is just below 89,000 €. He rents a storage facility located in the UAE which he...

Non-dom schemes typically tax on a territorial basis. So any income that arises outside of the country will not be taxed. Savings are income from a previous year. They have been taxed already and are not subject to income tax. Or did you mean interest on savings? The problem with the setup you...

Possible solutions change depending on if you want to receive the income in your name in the end or not. Can you tell us? Relocation to Malta for example won't help in the case of a self-employed person, because the economic activity will be deemed to be arising in Malta, so in spite of popular...