Search results

All of this is correct although I would strongly suggest you open a company in a favorable jurisdiction in EU which would allow you to pay only 5% CT plus if you're smart about your accounting you'll deduct 100% of anything spent with the properties, lowering this number. Then you send the money...

Never had any problems with N26 although never done transfers bigger than 50k. Has instant SEPA and decent customer support.

Your country rules for tax residency are usually written, especially if you're from the EU. I have moved to the UAE and have asked the tax authority before doing so. As a rule of thumb on any EU country, if you're outside of your country more than half of the year and you don't have a permanent...

I find it amazing how financially literate people keep doing the mistake of concentrating assets in one bank alone. Especially startups.

As I said before when investing your company assets there is absolutely no problem trading. Not sure why you keep coming to this. If you want to have your sole formal trade license for this kind of activity you should be informed that this is the license used for using someone else's money, such...

Agreed with everything said above. I'll just add one more reason you might want a company: if you're from a “difficult” country you might want to present a tax residency certificate and it's easier if you have a good old fashion salary.

zaybxc, short answer: No. I believe the exact question was "We intend to have some exposure to crypto and put some of our assets into a crypto exchange. Can we withdraw the money we do from trading back into our business bank account?" There is no law that prohibits a company from...

I've bluntedly asked this in writing to 2 banks and the answer was "Absolutely no problem" in both cases (UAE FZ with consulting/management license). The company is investing its own money, the bank couldn't care less. Day trading or holding it a year won't matter. This changes if you're...

I've heard Wio is starting to offer USD account.

FAB in the UAE is giving 4%+ on sitting money, yearly basis. That amount will be available as a credit line (ie. credit card).

Mashreq Neo Biz (never ending onboarding) has no problem with flexi. It also has a very clunky user interface for online banking. Wio (straight forward onboarding) has been great so far. I appreciate the WhatsApp customer support. Be prepared that customer service is one of the worst parts of...

I believe a public reply to this would be of interest to the forum.

Off-topic but, as for contrary thought”¦ I find Dubai as one of the best places to eat in the world. And I come from a place with amazing cuisine. A lot of the people I know share the same opinion. Some apartments are crap, some are ok. I'm yet to see high quality building as per European...

My point exactly. There's animals everywhere.

Portuguese border police (SEF) just killed a Ukrainian citizen right inside Lisbon's airport a couple of years ago. He was beaten too. Portugal is said to be a first world country of the EU. Nothing exclusive to the UAE or other less democratic countries.

I was a Vivid's client. Never got the promised higher cashbacks. Withdrew my money and said goodbye.

Same as Portuguese NHR, only with higher taxes on the local income and without the perk of travelling all the Schengen area freely. PS: I love the Philippines tho :)

As marzio said NHR applies, so yes.

Not intending to hijack the thread but me and my business partner are also looking for opportunities. PHP, JavaScript, APIs, microservices design, full server management and devops (like running offshore owned servers other than AWS and whatnot), webhooks, real-time tools, search engines...

If you're ok with an island in the middle of the Atlantic, both Madeira and Porto Santo would fit the bill. Temperatures are stable around 20 something degrees all year round. Low cost of living and nice people overall. 0% income tax for foreigners CIT on international business can be 5% (if...