Search results

A company functioning as a payment agent won't work as the company will register accounts on major ecommerce platforms as Amazon, hence it will be required to report sales and vat. Amazon also requires address proof. Cyprus is not a reputable jurisdiction to register ecommerce accounts and b2b...

Just as many predictions the oil price would go through the roof beginning this year and others. Nobody can predict the future and there are only two outcomes, being the right or wrong, so ofcourse sometimes one will be sometimes right. It is easy to predict now with the inflation, the debt...

I don't believe so, Hang Seng Bank is more difficult than HSBC to open a bank account. Chances are nil you will be able to open a HK corporate bank account if you have not ties to Hong Kong or Mainland China. Even when you have ties to Hong Kong banks request proof of bills and bank statements...

Has anyone used such an UK Ltd company for ecommerce on channels such as Amazon, eBay etc? Also been able to open and use a bank account or EMI?

What are the options to open a subsidiary for a non EU corporation that allows a foreign director and that is suitable for ecommerce as well can open a local bank account . No staff would be employed in that country. We have experience with running a local business in EU and local directors...

Good returns is equal to? Whats the guaranteed yield on the investment? What is the track record of experience, references? What would set out these products from any other online sellers who often purchase products directly from the mf/distributor and hence be at least 20pct more competitive...

Application takes 3-6 months. Last year it took 6 months to open a corporate bank account in Hong Kong by a HK resident/shareholder, with several years operations record (bank statements of other bank, invoices,..). It was not done by a service provider. In the past and it took us as well 4-5...

I agree on that and started the topic in Philippines. Since Im personally interested to get more clarity from a legal perspective e will consult a law firm specialized in PE and taxation . This might take a while but if we have some information we will share this in forum. We have local friends...

There is starlink available which has good results in the province without fiber connection (which is also not always stable).

You can set up a corporation that owns the land. This corporation has to be min 60% Filipino shareholders, in this case it is best to use several Filipino shareholders that dont know each other and have everything prepared by a legal firm so they can run away with it. Or as backpacker mentions...

Move around to other countries outside EU, open some personal bank accounts and setup corporations while doing some business. Move the money around from your personal account as loan/investment to a corporation and pay yourself back a dividend on another personal account in another jurisdiction...

Better pay taxes than to marry a Thai citizen, it will cost you less in the end (with the very few exceptions aside)

DBS HK introduced remote opening of bank account during covid, not sure it is still the case. Before it was on their site as well. Stil it's better to use an agent who has connections to at least speed up the process since it might sometimes take 6 months to obtain approval. Most of the time...

Quite some Filipino citizens work for a company abroad either as freelancer or employee and don't report their income. I wouldn't recommend that although there is still a bank secrecy in Philippines but this might change soon with the bill 7446 that passed vote in congress. As anywhere in the...

Below a link describing more about working as a "nomad" in the Philippines. This article shouldn't be interpreted as being a reference but it clearly describes the situation in Philippines. Just as in Thailand, can you get in trouble working remotely for years in Philippines and not paying any...

I don't need to search on this topic and we might have different opinions and experiences, although I value your opinion as it seems you also have extensive experience in the Philippines. If you do some online work at home and nothing is related to or sourced in Philippines and you keep...

You only need this if you want to make use of a double taxation treaty. It's an utopia that a residence certificate will save you from the fight of a residency claim of any other country, that country will require you to provide much more substantial evidence that you actually lived in the...

Any recommended beside Siam legal?

Keep it simple, set up a French corporation or strufutrs and pay the tax in France. Anything else will get you in trouble especially if you are residing in France. You must report all your income and assets in your personal tax declaration, including foreign bank accounts. Setting up related...

Could you elaborate on that as a person who is not a citizen of the Philippines (that is, someone who is defined as an alien), regardless of whether the person is a resident or a non-resident, is taxed ONLY on the individual's income from Philippines sources. Likewise, non-resident citizens are...