Search results

I'd recommend to open accounts at a few EMIs, so you dont depend on a single one, and have backups if any one gets closed down.

Yeah, you cant register a new Revolut account as a resident of Ecuador. Revolut writes: "At the moment, we're only able to support legal residents of the European Economic Area (EEA), Australia, New Zealand, Singapore, Japan, Brazil, Switzerland, the United Kingdom, and the United States. We...

Well, even for those accounts over 10k, you still dont have to prove tax residency. You just fill in the self certification form, which is part of any bank account opening really. And then take the previous example. You open an account with Revolut with your Italian address and say you are an...

I have accounts at a bunch of European EMIs and never had anyone of them asking to prove tax residency. What they ask is just to prove the address with a utility bill or bank statement, and for a TIN number. Tax residency is determined in hindsight, and can depend on factors like spending a few...

How about Xapo? Or HSBC and Barclays offshore accounts? Or some of the Puerto Rico based banks? Or Singapore banks? And then with the Italian address it is possible to open an account at European EMIs like Revolut, Wise, Zen and lots of others. And then one can change address or remove Italian...

The origin country is in most cases are not going to ask you for a tax residency certificate from Cyprus. They are just going to check that you have no ties to the origin country / no center of vital interest in the origin country / havent spent too many days in the origin country. And...

It seems they found a US correspondent bank, maybe indirectly somehow. They write "We're thrilled to announce that you can send and receive US Dollars quickly and efficiently via FedACH and Fedwire, thanks to our collaboration with Bridge.xyz and Circle. Now, you can make US Dollar transfers...

Well if you go and live in Palau, sure.

Not necessarily. First of all, it is unlikely the UAE will require a tax residency certificate. And even if they ask, tax residency for who, for the US LLC or the manager? The manager could potentially show the he/she is a tax resident in the country he/she resides. And the US LLC is a US entity...

It's not that simple, even if you live in a Western country with supposedly functioning rule of law, and don't even do any tax avoidance, if the tax authorities target you, you can still be financially ruined and/or go to prison. Special units within tax authorities can fake evidence and use...

See all countries with No in the second column, with "territorial taxation" as note on wikipedia here: International taxation - Wikipedia Other useful lists of territorial tax countries...

Well, in this scenerio, or in any scenario really, if your country of citizenship is a high tax western country, it is best to have cut the ties and left a long time ago. So the country of citizenship will just see that this guy doesnt live here and isnt a tax resident here, not our problem...

They all report. But say you opened an EMI account with a utility bill from EU country A, but you live in Panama/UAE or somewhere outside the EU. Then the EMI will report to country A, and then I don't know what will happen, but country A can't tax you since you are not a tax resident there...

Ah, ok, that's actually interesting, opens the door for software developers to have zero tax in the UAE. Yes, indeed. No, there is no EU country with territorial taxation. See International taxation - Wikipedia You could argue that non-dom status means territorial taxation, but even that only...

Yeah, I mean I still think Dubai is worthwhile. But some people really want to live in the EU, so I was outlining possibilities. What exactly is illegal in Cyprus? I was more giving pointers than proposing a full structure, but I am curious to know more about Cyprus. For Italy, you dont need...

Non-dom in Malta? Cyprus maybe with some clever structure. Non-dom, Estonian holding company, Cyprus IP Box... Italy - If you are grandfathered in the old impatriate regime in Italy, or live in Campione d'Italia, or you earn so much so the Italian 100k lump sum tax is below 9%. Maybe Romania...

I don't know about Charles Schwab, but it often works to open an account in an allowable country, and then tell them you have moved to a non-allowable country. Also if you have multiple home bases, or at least places where you have access to utility bills, and multiple citizenships, there is...

Your own residential address can be abroad, but your US LLC address must be in the US. I do not see any requirement in the beneficial owner reporting that the US LLC address must be a so called "physical address" though, nor any requirement for address proof. You can't put your registered agent...

People assume the laws are clear, and if the law says A of course A is applied. Yes, this would be the case in Germany, (or the Netherlands or Denmark), but most of the world doesn't operate like Germany. It's a classic fallacy to think so. In most Latam countries the law/rules about local...

If you include the salary/dividend/expenses in your company accounting / personal tax return and pay tax on it to your country of residence, it's white. Otherwise, well, it's black. It will be the rules for expenses of your country of residence that matter most here. However for the UAE it is...