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E-commerce, as long as not high risk e-commerce, should be ok for opening a bank account. Consulting is generally not ok, it's a haven for money laundering. Banking in the BVI is not an option, the banks there serve mostly the local market, not offshores. You could open accounts in the US...

Money speaks, and if you can afford private banking most banks will open an account for you. Otherwise I'd recommend calling and/or checking their websites for any information regarding non-resident accounts.

Next time you go there ask for a hardware token, it's more reliable than SMS which may or may not work depending on where in the world you are. Also if you lose your SIM card it's a huge headache.

I might. Please PM me.

There's a very active secondary market for premium domains out there, specially for .com's and a few others. So, if the market says some names are worth in the thousands, then that's a compelling reason to believe some domains are worth that much and that it does make a difference. The market is...

The meaning can only be inferred from the context in which the word "resident" is being used. If it's for tax purposes, then only the individual who's spent 183 days in a year in the country (among other specific rules to each country) is a resident. Someone who's got a residence visa has the...

I would advise you, that a combination of offshore + crypto is deadly for most serious banks, and the banks who won't deny your application, will charge hefty fees and/or scam you in the long run. I would recommend that, if possible, have several accounts and link them together using...

That was crystal clear in both conversations as the client is a Brazilian resident.

I understand what you guys say and that has always been my understanding as well. However, Brazil is complex, and when finding some old article on the Internet explaining how something works in Brazil, there are two problems: It's hard to correctly interpret the rules Chances are the rules...

I think you got this one wrong, with all due respect. He isn't trying to evade Brazilian taxes and doesn't want to change his tax residence. He has an expert consultancy backing the claim that by owning an offshore company as an individual while living in Brazil, he's out of CFC and may keep his...

This is not about reporting, this is about taxes. And Brazil is a hungry beast when it comes to taxes (the official symbol of the Tax Revenue agency is a lion), so it makes no sense, other than plain disorganization/incompetence, that they would leave out individuals owning offshore entities...

Reading the Brazilian pertinent regulation is as tough as learning Chinese in Braille. Anyways, the client and I researched it extensively, though we are not experts in the subject. That PwC Brazil claims so does not make true, but it makes it incredibly likely, as this is a basic topic which...

I have a client who's Brazilian and wants to setup a Cayman corporation for crypto-trading. Initially, I advised him against it because, as a resident of Brazil, he'd be subject to stringent CFC rules and a high taxation, something like 35%. Also the complexity of book-keeping is enormous, with...

Maybe a regular stockbroker then...

For point 2, sign up with some Forex broker that uses Etana, send them a few bucks every now and then, and use that as evidence if TW ever asks you what these transfers are for.

Yes they can, but: 1. You will have at least minimized that likehood, which I'm sure you agree is something of value 2. You can make up another explanation, which is easy as Etana serves a range of exchanges and brokers not related to crypto.

TW might not transfer funds to Kraken, but would they know/refrain from wiring funds to Etana? Etana is a custodian agent that Kraken and other companies in the financial industry use for USD custody and transfers. They are not a cryptocurrency company. Opinions?

Update - DBS has rejected the application, so I'm left with a new account at OCBC Singapore.

It's not. At least not to the kind of people that come to this forum for solutions. You're not supposed to tell anyone you're dealing with crypto. Occasional deposits in your account from other individuals don't have "Bitcoin" written on it. That will be hard. You can do the same that I...

Setup a few personal bank accounts and swiftly sell BTC on P2P exchanges such as HodlHodl, which doesn't touch user funds and doesn't require identity verification by design. Splitting the sales into several accounts/countries makes it less likely they will ask about the origin/amount of the...