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Also, by the past, i don't know if it is still true, Bank of Ireland use to bill you their investigation about you to open a bank account. And because of that that could take a while. They ask for a relationship with ireland. This can be a little office, a warehouse, a closet, business partners...

Ireland has a hidden 10% withholding tax for non resident individuals. An administrative task is necessary to avoid the 10% withholding tax. Dividend Withholding Tax - General Information Leaflet If you live in a EU country or a country with an agreement with Ireland, you have to get the tax...

Admin, Sorry to be pushy, i would like to know because it will help me to make a decision, can you confirm once again this 4 weeks delay for a business bank opening in Cyprus?

The reporting depends on the fiscal residency. If someone is a fiscal resident in the US and have a bank account at RBC , he will be reported to the US. One who has an offshore PERSONAL bank account has to report it to its own country (Canada, Australia, New Zealand). Nobody can do anything...

Third world: http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/MCAA-Signatories.pdf Foreign Account Tax Compliance Act (FATCA) Please share your impression

Yes sure, All the leaks came from either IT consultants or Interns. In case of Panama papers, It is former employee or interns from Mossack Fonseka who just passed the list of customers and other information to a German journalist. Wiki leaks is out of scope, you must talk about Swiss leaks and...

Payoneer accepts companies from Belize, Seychelles and i think other jurisdictions.

1. I have received the money (30 euros) from Entropay through WorldPay. 2. I had up to 3000 euros from Payoneer and it worked always with a 1 day payment from notification. Transfer to European bank is great. It is a SEPA transfer with low fee originating from EarthPort and bank accounts in...

Payoneer??? I use payoneer since 7 or 8 years now. I am very happy with them they are really serious. But yes, credit card providers can be scammers. I have been scammed once. I am not talking about mastercard and visa but the companies that buy a license. Entropay seems to be honest, i...

I have tested it with paypal, i have successfully confirmed, added and withdrew money on the entropay card. I think with Skrill it will be the same as long as the address in the skrill account is the same as the Entropay VCC.

For the ones who have a Cyprus company, do you do the bookkeeping locally or do you have to pay a Cyprus accountant? I am not talking here about the annual returns & annual financial statements, but only the "daily" bookkeeping.

1. I didn't find a VCC allowing to withdraw money from it. I have tried openvcc or something like that but it was useless. It didn't work. VCC doesn't work in PP if the address related to it is NOT the address of the company. There are many VCC providers but few allow to add an address to it...

Thank you, what you say is very true. Compared to that, laws around royalties are very simple. On top of that it is totally legit. There is nothing that can be done against a Royalty agreement between two entities. Furthermore, it is extremely cheap solution. There is no need to have any office...

Hello, i have found a process to make a Belize, Seychelles Paypal account work with a foreign bank. For instance, Seychelles + Cyprus bank account. Normally it should work As you may know paypal requires that a credit card to withdraw money from Paypal account be from the same country than the...

So for instance, if someone lives in Spain and have a Cyprus company, in future it is possible that the Spanish tax authorities will be notified about the dividends he received.

This does not relate to Xfighter case? This user had ordered a Cyprus bank account at offshore company corp (hong kong scammers) and had no answer after 4 weeks. I have chatted with him and he told me he waited for the bank account. I think offshore company corp is a total scam and that it is...

I can see that we struggle against nature when we want to open merchant account at payment gateways for panama, bvi, seychelles, belize... you name it. It is like that with 2checkout, paypal, bitpay, skrill...etc...etc... I have the feeling that by doing so we waste our time. In fact, the big...

I would like your opinion on a tax optimisation technique. I don't understand why big companies always use royalties for tax planning and not expenses. In fact, if you use several companies and bill different companies, it is more anonymous. In fact, i was an IT consultant for a worldwide...

I am happy to talk about my situation in a private group now ! So, as i said in public forum i am the owner of a Estonian e residency card which allow to create a company online. I had a problem with the Estonian banks but that was because i chose the wrong bank, so now i can try again with SEB...

The European FATCA is the real danger for European residents. Now the EU countries are implementing the Directive 2011/16 which has been followed by another directive 2014/something. In this directive it is said that the EU countries have to exchange all the information about withdrawal of...