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Normally your bank should send you a letter asking you to confirm your fiscal residency. That's how it works.

wow it is heaven, Honk kong tax authorities ask you for the personal tax statement for the previous year to get the 0% along with 19 other requirements. In Ireland, People who don't provide a stamp from their local tax authority where they reside, will pay 20% Withholding tax on every...

I wondered which personal paper was provided to Cyprus tax authorities to prove that we live and manage the Cyprus company from outside Cyprus. So, for instance, do they ask the last tax statement? Do they ask a stamp from the tax authorities where we reside? In fact , i am between several...

It is personal tax everywhere in Europe. In East Europe, in countries where there is a flat rate like Bulgaria, you pay the flat rate: Example for Bulgaria: 10% whatever the source. In France, they have a special field on their tax form for money coming from company that does not pay corporate tax.

Next week, i will meet an attorney in Estonia who said that it is possible to build up an Estonian IBC. So it means 0% corporate tax. Taking into account that the virtual office cost 250 euros... that sounds interesting.

I can give some insights because i worked with a big UK bank. Banks will not do it because they have spend lots of money paying people to already report their customers. It can't be done automatically. This costs money and it is not profitable. Consequently, the banks do the minimum mandatory to...

i want to repeat it my personal bank in Europe said we want for who we write the bank reference letter. Flycatcher, you are totally right taking into account that they add their email addresses and phone numbers on the bank reference letter.

There is a huge difference between agents service quality & it is not a question of price: The good agents: Some are really involved, they follow what you ask, they don't ask crazy due diligence. They are fast. They know which bank you need. They describe what they do & what they want from you...

Agents are the problem. That's why i love jurisdictions where there is the minimum of administration with local agents, for instance Belize. That's also why i added a post about Estonia & E-residency. In fact, with the E government online portals you are not dependent on unreliable, arrogant...

One agent told me it was easier to open a bank account from a nominee director because she said the bank knew the nominee director. However, i wonder if it is true or if it was intended to sell the nominee director service with a monthly signatory fees (150 euros on average)

In fact, I would like to pinpoint the advantages of Estonian E-residency. It is not black & white type of situation. i should also talk about the positive aspects. Don't forget that thanks to the Estonian E-residency you can: Do your know bookkeeping without 3rd parties to get involved. So you...

there is Breder suasso which allows remote opening without bank reference letter & only requires An e-mail adress A phone number Passport or ID copy Utility Bill CV Corporate Documents but we don't have any feedback about this bank. I have checked them in the new Zealand FSP, they have a...

Agents from Latvia told me there are many fake passports.

Some people have reported that Payoneer credit cards can't be used along with paypal account, it is due to the fact that the country linked to the credit card does not match with the address from paypal. In fact, that's why entropay is interesting, you can enter an address with a country, which...

Great information! What do they require to prove that the management takes place outside of Cyprus ? thank you in advance

Just to talk again about Ireland. Here is a link to the form required to open a business bank account in Ireland at AIB. that's a lot of information to provide ! https://business.aib.ie/content/dam.../current-accounts/account-opening-company.pdf

I forgot to talk about one very interesting story that happened in France back in 2011, There were a company called France Offshore that created Latvian company for French people. The tax authority directly sued France Offshore for Tax evasion. I don't know exactly the trigger but what i know is...

It is easy to create a company in the US and open a bank account in the US but what is required would be to know how much tax + social contributions a US company director/shareholder will pay. Tax forecast is not the kind of service we see a lot.

Thank you it is the type of information i wanted :) perfect!!!

I can read on several websites that if a Cyprus company is managed & controlled from outside of Cyprus then there is no corporate tax. I wonder if someone here or if you know someone who succeeded in getting this Corporate tax = 0% Is it difficult to get? Are there downsides like local tax...