Search results

What you say about protonmail, bitcoin and paypal is very true. Even if in paypal terms they tell you they can pass information. But from my observations from what i was paypal is still the best.

yes, they do... but now we wonder whether they report it to the jurisdiction where the company has been incorporated and / or the country of the beneficial owner. For example: you are an Italian, you own a Belize company and your business bank account is in Poland. Poland will report the bank...

rich countries have forced poor countries to change their laws. For instance, since 3 years, France has forced panama to be part of oecd Panama - OECD you don't see it on the media but those last years there were a war.

For a one person online business owner In Cyprus, your profit are taxed, so you can use expenses to lower your taxes. In Estonia, your dividends are taxed, so you can't do anything to lower your taxes. you will always pay 20% of tax

As i am writing this post. I have mentioned to my virtual office that i have liquidated my Estonian company. They mentioned that Swedbank would have been a better bank. However, i have been to Swedbank while i was in Estonia and that was not better. In fact, the Bank representative was lost with...

there is 101 jurisdictions that will xchange data in 2017 and 2018 all the people with an individual bank account will be reported to their fiscal residency country. except if they changed their address to a local address. https://www.oecd.org/tax/transparency/AEOI-commitments.pdf

No, what you say is not possible becuse the data exchange agreement has been signed with countries outside of the 3rd world countries. Before fatca and aeio, they could do what they wanted inside they countries. Now, they have agreements with USA and OECD countries. Since 5 years, in the...

For me, privacy issue means tax issue. In particular, IRS issue. taking into account they have the technology, all the people who have incorporated a Delaware LLC and who make money out of US sources, will receive in the next year a letter from the IRS wherever they are located in the world...

Still i hope that someone could give a review about Breder Suasso. It is also interesting because they don't ask for a bank reference letter.

I am not an American and nor a US resident. I have a LLC delaware company, i asked for a EIN for my LLC (i have also one for me). Then, i took a flight to NYC and i went to this bank: Home | Silicon Valley Bank - SVB.com I gave my passport and the EIN and it took 1 hour to open it. I would...

In fact that would be offshore, for those who have customers outside of USA ONLY and Products & services sold from outside of the USA ONLY. Then, in this case, the corporate tax would be 0% BUT if: You have US customers and a product sold from Europe, you must pay 30% on your profit to the...

Several bank accounts ask for a bank reference letter. At the beginning i thought it was just part of paperwork and then i understood it could be dangerous. I do think it is always better to go for agents, companies, jurisdictions that don't ask for a bank reference letter. I understood it when...

I would like to second Auric and pinpoint that there is nothing such as a cheap & fast offshore company formation. In ALL the advertisements that we can see online, no prices are the right ones. For me, expensive means above 2500 euros.

@ auric, i am sorry but there are more and more banks (including Cyprus) who ask you to go there. What i can say about Baltikums, they have several offices in Europe: Contacts | Baltikums Bank - accounts and investments for corporate and private banking clients. Fast, convenient and safe...

let us know your situation

I have found a page where it was said every company has to be audited by an external auditor: The Statutory Audit of Accounts Looking at archive.org, it looks like this page has been modified this year. I hope someone will confirm. I make a big thing about it because it is an additional...

that's so true. All the advertised prices are way below reality.

That's why i advise this bank. They don't need an introducer. Also during Latvia office hours, you can chat with them on the website, they answer. You can find their bank opening form so that you can see what type of information they are looking for. It is all pretty transparent. It was not...

I strongly discourage to open a bank account in Estonia or Latvia at Swedbank or SEB. They are very soviet minded and perform additional useless check against foreign person which slow down the ban account opening for nothing.

Baltikums is now very interesting. They just lowered their fees. In order to open a bank company there, they ask you 3-6 month bank statement rather than a bank reference letter (which is definitely way more clever) They all speak & understand well english. There is no hidden fees. BUT they...