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In 2016, UK has introduced the Person with significan control concept to avoid having nominee shareholders listed in the Company house registry as company shareholders. So, Why are there still company formation agencies that offer nominee shareholder services? Are these offers illegal...

I have discovered the techniques that French state workers use to start legal proceedings against directors of offshore companies. They use the following databases: DUN & BRADSTREET FAME From these databases, they browse the lists of virtual office addresses with the highest number of...

Hi, You may be aware that the UK has many double tax treaty agreements in place with many countries. These treaties have all the same OECD template. They mention that a permanent establishment exist where a "place of management" or "office" exists. The same logic could be applied to many other...

This thread was very useful to me. I discovered that in my Wise business account, I had the option to create users with different credentials. One role is viewer

Nomad Capitalist does know what he is talking about. In this video, he says that Nominee director is a bad idea. He is SO incredibly wrong. 1. Permanent Establishment: assigninig a local director to your company helps you to create fiscal substance or permanent Establishment in the country where...

What you say is right. I think that the said businessman who was a fiscal resident of france, declared his mauritius income as dividends because that was the cheapest way to do it tax wise. Consequently, in his income tax return, he had to mention the country of the income source. So, when the...

It does not work, I have a real life story. I know that since Double Tax Treaty are all from the same template from the OECD, the following case would be valid for people living anywhere in the world (usa, germany, uk, japan, australia...) and doing real business in mauritius. Some years ago, a...

Here are my thoughts. If you live in the European Union, the digital platforms you use as a seller like ebay, amazon, Airbnb and many others will report your annual revenue to the Tax authorities of your residence. This also means that many among you will pay more income taxes. It is a new...

Bunq closed my account without any notice. I don't like the way they address me: when they say "Hey" It is not serious. Their app looks more like a video game than a serious banking app anyways. So be advised!

By the way, I must mention that it was not bunq's fault. I was wrong, it was Lydia's fault.

FYI, In my case, Wise told me I could not use my personal wise account to cash in money from business activity. I had to create a sole trader account. However, the problem remains, I don't know what they will ask me next year as KYC/AML. Since i am independent I had to justify 3 months of...

Wrong, Never trust a lawyer. The most trustworthy nominee is a retired person with a little pension. Once again, never trust lawyers. I spent maybe 10000 euros on lawyers and I almost got scammed, this money was pure sunk cost and I found that in the end, i was always legally responsible for my...

They didn't ask me for now. To be on the safe side, create a N26 pro account. I have a N26 personal account.

For instance, Wise, if you have a Wise business account. I was never asked to justify my incoming transfers. For sure, i never received money from crypto organizations.

Hello, I have noticed that lately, some EMI want you to send supporting documents to explain incoming transfers and it is annoying. For instance, I have a Paysera personal account and they asked me to provide supporting document for an 1800 euros incoming transfer from a UK business. The...

I think you should create a company, because banks don't ask for supporting documents, when you receive money on your business account. You will never be able to cash in 500K on a personal account, you need to do it on business account. From my observations, the bank don't ask for so much...

I would not advise wise because their terms are tight against the adult industry: they prohibit: Adult content. Pornography and other visual content depicting explicitly sexual acts. Services of sexual nature (webcam shows, live chats, prostitution, escorts, etc). Sexually oriented...

No problem with N26. Wise blocked my account Bitsafe is working as long as you justify the source of your income (every source)

Is N26 adult business friendly? I can't find anything against it in the terms of N26.

Wise deactivated my personal account. if Wise asks you to provide a proof of fund if you aren't able to provide it initially. You have a month to move out your money. I didn't receive any warning for a month and then they locked my wise account. Then, the support team is very slow to answer...