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Yes, this is true. It's just that there is one exemption that is not useful for most people but could work for a couple - if you are a shareholder of a non-Slovak entity that has retained profits from the tax years between 2004 and 2016, and you receive the dividends now as a Slovak tax...

Where did you get this? Slovakia taxes dividends at 10% starting from 2024. And it had dividend taxes for quite a few years before that. Also, Slovakia is governed by a socialist party. This might be irrelevant to you, but it is not particularly beneficial to its tax status, and they have been...

It means Qenta Inc. used to be called Emergent Technology & Payments Inc. and somebody is using its name change to spread even more FUD. You can verify this fact on the Delaware corporate register, Qenta Inc. has file number 6227324.

So some kind of aggregator/software product? If you are not taking or even touching user funds in the process, you can probably avoid regulation, but in that case I do not see why you need a C2B account and cannot use a physical bank or low-risk EMI showing them the technological services you...

True, but these are mostly joke institutions. Swiss banking does not deliver you benefits except maybe Swissquote (but that is mainly for individuals and holdings). When you have opening fees above 10K, the institution probably wants to get rid of you. But when you want a Swiss account for...

What business do you conduct with crypto? If you are providing exchange/wallet services, are you at least registered as a VASP somewhere? Unregulated crypto (I say unregulated relating to no supervision by the local ministry/unit for financial analysis) is seriously extremely high risk for...

It's still active but the license will expire in a short time if not renewed (that is not a big issue though). But the fact that the Swiss company which is meant to administer all of the gold holdings is long liquidated is quite problematic.

Your reply is a lot closer to a group of slogans than a coherent argument. This style might work in a protest chant but struggles to hold up under any thinking. "Property is freedom" Closer to the mark. Property rights are essential for individual liberty because they provide the foundation for...

Most likely no one would find out if you just taxed it as dividends, but it is not really the right way to do it and you would have insane tax savings as you would pay just 15% on amounts above 100.000 Kč and then a solidarity tax if you surpass approx. 1.5M without any social/health...

I think @void suggests creating them ;) Might fall under Å varc-systém. Some say it can be avoided through, e.g., a UK Ltd. that becomes a Czech tax resident in the form of a branch, i.e., odÅ¡tÄ›pný závod (but still follows the laws of the UK) @daniels27 is correct in the clarification...

Because, from my experience, the fees are quite a lot higher than what general retail banks (which accept crypto-related transactions) can offer me without adding any additional benefits. If your usual bank accounts are not crypto-friendly and/or the other suggested options cannot process...

Babiš already wants to copy it. -- translated quote The leader of ANO, Andrej Babiš, told Echo24 that if he gets into government after the elections, he wants to introduce a 100% tax on the purchase of real estate by foreigners from outside the European Union who do not actively occupy the...

Arrogant. I don't want to work with an institution that doesn't respect me at all. Usable Not worth it Look at some Swiss Fintech licensed institutions if you are looking at these. These usually have a higher risk appetite and can do a decent good job. If you are using a Swiss entity some of...

Makes sense. At the end of the day, it depends where you would like to go. We can send you to a s-hole where you pay 0% tax but you will hate spending time there or not be able to communicate with the majority of people. The jurisdiction of your clients might dictate the need for intra-EU VAT...

This thread is not about your opinion regarding the legitimacy of @Alexmorgan's business model, but about finding banks to back an LoC.

As @daniels27 said, you will not really gain anything by registering a US company while living in France, because the company will still be a tax resident of France. When you accept relocation, you have quite a lot of options. If you want to stay in the EU (not particularly recommended but...

It could work. Not the best, not the worst. Fees are somewhat high and the secretary of state is quite slow, but the state is well-known and trusted. Other US states like Wyoming or Florida might make more sense based on the individual case. Nothing special. The registered agent may or may not...

The platform is not really a scam but it is nearly unusable in its current situation. It is a licensed EMI and still partially functional, but it lost its access to CENTROlink clearing, so it can't clear SEPA transfers with its own issued IBANs. They stated that they are in the process of...

For sure, but you should not throw the baby out with the bathwater. It's like buying 50 apples, finding 1 ugly apple, and throwing the other 49 out without taking a single look at them. Sure, you protect yourself from having to try 49 other apples that could be good or bad, but you also stay...