Search results

Any reasons why you want to dissolve the EU company? what's your nature of business?

In Romania, if you are listed as a natural person shareholder and you pay yourself dividends more than 12Months * Monthly Minimum Wage for that year, you will need to pay 10% Health Insurance on it, not the 25% Pension though. One way around this is of course using a corporation to be the...

In 2021, its not the case, anymore, you don't need neighbors to sign off on the papers.

I am very doubtful that any nominal shareholders or directors will be willing to declare to the banks that they are the Ultimate Beneficiary Owner... What i think is you probably need a trust/foundation to do that in the interim.

Virtually all EU countries have join the CRS, so any banks that you choose to open there will have the responsibility to report to mexican tax authorities year end. You need to get a residency that does not tax overseas income or zero income first before you setup any bank account.

Romania is hugely underrated, there's a 3% tax on revenue (1% if you have one full-time employee), very suitable for businesses that have high margins, such as affiliate marketing, consultancy, software development, software distribution etc. Even if you pay the 16% tax, it is still lower than...

yes

i i doubt they can do that

actually @Fred is the expert on this. @Fred you should chime in.

In hindsight, my suggestion is a bit overcomplicated. I don't think CFC rule does not apply to you in this scenario. CFC rules only apply to passive shareholding in foreign companies of a local tax resident. UK and Hong Kong are both territorial tax systems. If you have been out of UK for...

i found a way to get it within 7 days

1) Retain HK Company 2) Setup Dubai Company 3) Setup UK LLP with Dubai + HK companies as partners 4) Get your residency in Dubai. 5) Open your UK LLP bank account with Dubai residencies when they do the UBO check This should allow you to have digital nomad lifestyle as long as Dubai is not...

yes at least 2-3 months

yes

Use Mercury.com or RelayFi.com, they both offer debit cards. A breeze to use.

Very informative thread, Fred, but how about the required substance for the company? I see it was not mentioned at all. Does it not apply to a DSOA Freezone company? Thank you in advance!

pm me

Remote Opening for a LLC at Chase is possible if you talk to the right branch and officer for a 100K deposit

yes two employees are still needed, except for pure holding companies

Was talking to the vendor that helped me setup the company and the bank account, he said OCBC Malaysia is willing to onboard non-residents remotely. 100k and 200k are reserved for nature of businesses like insurance, banking, factoring etc, otherwise its 50k. pure holding companies are actually...