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I believe most people in this forum have a mindset of being open to exploring and discovering the world. Seeing/trying for yourself is more important than blindly accepting what other people say. I've visited a lot of countries and Kyrgyzstan is easily one of my top 3 destinations for nature...

A friend of a friend of my cat is a Brazilian resident and came to me with the following problem. He's got a e-commerce/software company in a classic tax haven and a Transferwise account with a six figures balance, and is in the process of opening a bank account. He wasn't aware of CFC rules and...

Upon a visit to Bishkek I decided it'd be more fun to open a bank account than buying souvenirs, so after 1h I ended up with a new personal account at BAKAI Bank. Pros: - Multicurrency (USD, EUR, RUB, etc.) - Good Internet Banking (EN/RU) - USD debit card - USD cash withdrawals in ATMs in...

Cheap, fast, available in many currencies and countries, much easier to open an account than in a bank.

Boslil Bank - Saint Lucia Are you sure you can't use TW for the first transactions? Best thing is not to rely on "introducers" and do it yourself. You can set an appointment with the bank manager and sort it out on one day. Panama is a nice place to spend a couple days.

So do you think there will be a real estate boom in those micronations?

OECD is slowly destroying the offshore industry, forcing tax havens countries to adapt their laws, and small Caribbean islands are generally too small to fight back St Lucia to comply with EU, the Global Forum and OECD standards

I don't know where you could do so nor how difficult it would be. Likely not easy. Just an observation, I explicitly mentioned a Trust, not a company, because that's what Cook Islands is globally famous for. I guess that in some structures the trust doesn't necessarily need a bank account (for...

Are you saying that if I drive them mad enough they'll circumvent their rules and give me account details?

Not true. I have a business account.

You can't withdraw if you can't receive. You can't receive if your payer (such as Amazon) doesn't have Payoneer integration and needs your Payoneer bank details to be input manually. And Payoneer won't give you such details until you receive $5,000. A classic chicken or egg problem. Now if...

Yeah, right? It's totally nuts. Same here, took me over 1 hour waiting on the chat queue and 40 minutes waiting for an answer. I know a service which will integrate with Payoneer soon and only charges 5% per transaction. In case you want to pay yourself $5k and eat $250 in fees.

Yes, mainly for receiving Amazon affiliate payments.

Email them. Have the name of a local contact at your desired office, e.g. Brazil. Get confirmation that such person works at that office. Then send a blank letter through mail addressed to your contact, while requesting signature on delivery. You'll know if they work there for real.

This is correct. Your Singaporean LLC would pay taxes if the money is received in Singaporean bank, even if it has a foreign source. In the Malaysian bank, that wouldn't happen.

So, it seems Payoneer won't give local USD and EUR bank account details to all new customers by default under their "Global Payment Network" service. So, for some users/countries, the only way for receiving a payment is if your payer has a built-in Payoneer integration, such as Upwork does...

Take care with paying for an introduction for opening a bank account there. From my experience, banks are very welcoming and you don't need an introduction service. And my company wasn't even Singaporean, so for local companies it should be super easy doing it by yourself. As for what you can...

It's a big company and as such is prone to having customer support issues and receiving bad feedback, but as of today they're the industry's standard (along with maybe BitPay) for integrating Bitcoin payments and they're very reliable/secure. You can't go wrong with them.

The Economic Substance Act applies for certain categories of activities only, e.g. insurance, banking, holdings, shipping, etc. It doesn't apply to e-commerce, for example. True, but a Singapore company can open a bank account elsewhere (e.g., Hong Kong) without much trouble. Why do you have...

There are plenty of ways and the people here will suggest this or that setup. As you add complexity to your structure remind yourself it's always a trade-off and you can't have it all - anonymity, ease of doing business, low taxes, full protection against lawsuits, etc. Without knowing the...