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Cyprus is no good for USD details with TransferWise

Payoneer's china bank details can only be used to receive payments from marketplaces.

OffshoreCapitialist: I didn't find anything on your blog about incorporating in Singapore. What is your opinion on Singapore? It seems like the operating costs are higher than other places but it may be worth it because Singapore has a tax treaty with Israel. I had a preference for EEA because...

My lawyer is restructuring the entire way the business is operating due to many of the issues brought up in this thread.

They don't accept ACH yet.

My lawyer will apply for a legal opinion from the Israeli Tax Authority for my proposed setup. Hope to receive it within a month.

I have asked my Israeli corporate lawyer for clarification. In the Israeli Income Tax Ordinance the exemption is worded as follows: "First time Israel residents and returning residents 14. (a) An individual who became an Israel resident for the first time and a veteran returning resident shall...

How do I make sure? Pay a management company $10k/yr to maintain an office with staff? Honestly I don't mind if I hire all my help out of whatever country the company is in. I can hire a PA, book keeper, etc to work from home in whatever country it is.

I am not US. No worldwide taxation from origin country and I am not a tax resident of origin country for years.

Cyprus won't fulfil my requirements as it is on TransferWise's list of countries that can not get USD bank details. TransferWise Help | Why can't I get USD account details? My business really needs a way of moving money around the world easily and cost effectively. I am very happy with...

What is the 1% that won't be fulfilled by Cyprus? Will such a structure be considered trustworthy if I am the sole employee and based in Israel? If not, what positions need to maintained in Cyprus?

Any reason for Cyprus over Gibraltar, Isle of Man, Jersey? I know there is a tax treaty in between Cyprus, US, and Israel. Israelis seem to love to use Cyprus I am just wondering why.

I have immigrated to Israel, and as part of the incentives of immigrating to Israel, any foreign company I own will not be classified as an Israeli resident company for the first 10 years. See here: https://taxes.gov.il/english/income...kagefornewimmigrantsandreturningresidents.pdf I will still...

Also I am somewhat sceptical of Payoneer. I signed up to an account using completely fake details to have a look at their product on the assumption they would reject my clearly fake account. The next day I got an approval email. The name was Just Testing. The ID number was junk. The bank account...

Actually, my product is already being sold to China via some of my re-sellers. Considering I can speak Chinese and my resellers can't; it makes no sense that I am not selling directly to my Chinese customer base. They won't. I just don't have a clear picture of what they will be. Is it 2% above...

I want to start selling my products to china. I expect 200,000RMB per month in revenue. I would like to receive payments by bank transfer or wechat/alipay. Either method would work. I do not want to open a Chinese company. I do have a personal bank account in China. However, I do not want to use...