Search results

It doesn't work like that. Every EU bank will ask for UBO information. UBO for Ultimate Beneficial Owner. They ask who has the rights on dividends, who is the one taking decisions etc. And they quickly know when it is a nominee shareholder (it's written in all the documentation you have to...

No, Croatia is planned to enter Schengen in 2024.

I don't think you need of licence if you don't provide service to other people. But it has to be confirmed, that's not my speciality. But what you propose is a bad idea. your broker is going to send reports to taxman of your own country, and since you have no employee or substance, they will...

I completely understand you. But as you said, money comes and goes but it can also be due to endogenous events, like you using a cheap solution that goes through a shady EMI or shady belizian bank ns2

1 % is really small You really still have your poor mindset (sorry to say it) You don't focus on the relative number (1%) but on the absolute number (10 000 dollars or so) If you try to find cheap thing (in absolute terms, so only paying 1 000 dollar or less) you are going to lose your money...

It really depends. If you have a classic 9-5 and transformed 10K$ into 500K$ via crypto, they will ask for the whole chain + the origin of the original fund. Because your basic job is not enough to justify this 500K$ If you just transformed 10K into 30K, the classic 9-5 income slip is enough...

Best way is to show your basic salary to justify the first crypto buy. Then the crypto transaction to justify the 6 figures (which is maybe too high compared to your salary). With that they will know that this mid 6 figures comes from your salary (originally) and legit transactions.

I depends on the EMI, but IBKR confirmed me that they won't accept funds if the account isn't in your name. They want to be sure the money comes from you, and some EMI don't give a proper IBAN which make the verification more difficult (and so too costy for what you will give them in term of...

I will just give you a good advice, especially regarding the french taxman. Don't enter offshore with this cocky mentality if you are not a multi-millionaire with an extremely good tax advisor behind you. Last edited: May 11, 2021

Yes that's what we call due diligence for the KYC procedure. Mr Wong is the nominee owner, and you are the beneficial owner. Beneficial owner because you take benefits of the company. Is mr Wong getting the dividend and the net worth from your company shares? No. Who is then? You. So you are the...