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  1. M

    Payoneer account closed, not safe!

    So far we also have no issues with payoneer and our account manager as well as helpdesk is very responsive. It's easy to obtain better fees which can drop if some volume to 0.4pct exchange fees. As long as your business is legit and you can provide documentation to substantiate in/out...
  2. M

    I can't be an employee of an English company

    The company that hires you, know you are in Europe. So if they make you an offer to work for them surely this is a topic that should have been discussed with your employer before the offer and they should help to arrange or set the terms clear. If this is not the case I would be very doubtful...
  3. M

    Hypothetical questions: 183 days, tax residency, prosecution

    A few months in jail isn't the end of the world, I would prefer three months jail then having all my assets wiped out. That's for anyone to decide for themselves how much risk they want to take.
  4. M

    BVI blacklist

    It doesn't change that much, BVI is and always will remain a red flag in Europe. Only being black listed, banks will be be even more stringent to any transfers from and to BVI and government tax filings in some countries shall include all transfers from and to this BVI, which is a guaranteed...
  5. M

    Belgium Tax & Residency

    Good luck applying that as a Belgian citizen, you will have no chance. Belgian residents that work abroad can be partially tax exempted as expat working abroad, anything else they will come after you especially if you have assets in Belgium (house, savings,..) . If you are not a Belgian...
  6. M

    Hypothetical questions: 183 days, tax residency, prosecution

    Above is a bit extreme and it depends where you go and how severe it is. Outside Europe like Asia or South America should be ok. If you are sentenced for tax fraud and depending on how severe it is they will chase you and issue a red notice at interpom. Any airport or police check will execute...
  7. M

    Paying UK account from EUR account

    With HSBC it is very easy to open another currency account. Otherwise just contact the bank of the sender and have the money converted and wired as GBP or use some online exchange service.
  8. M

    Freelancers Business Development Sales

    Why would someone chose for a freelance sales job, where no income is guaranteed. Anyone who is good at sales can easily find a job with a good basic salary, good commission and mostly sales people have already some flexibility as long as they achieve sales. Sometimes it takes months to...
  9. M

    Digital Nomads, Biz owners in Bangkok

    How about bank accounts? Have you been able to open some? Multicurrency? Easy to move money in /out?
  10. M

    Question Seychelles Company Formation

    Then what's the use? Just do it and you will be learn a lot about taxation and bookkeeping as your books will be double checked by the European government you are based and you better already recruit as well a good tax lawyer after using this company in Europe.
  11. M

    Question Seychelles Company Formation

    Seychelles is as good as useless and even it's not on the blacklist anymore, anything with Seychelles in Europe will raise immediately a big red flag. You also need to store all accounting records there together for 7 years with ubo record , so first thing any European government will do when...
  12. M

    How to run a business without office?

    I try to clarify more how we come to this opinion and experience,which is all based on facts and not some guessing. We are providing services to our other businesses : accounting, HR, customer service, marketing, IT, procurement,.. As well have some manufacturing in China. To know what is...
  13. M

    Bank Account for Hong Kong Limited

    https://news.bitcoin.com/southeast-...-plan-to-expand-crypto-services-in-hong-kong/ I believe most banks in Hong Kong are crypto friendly and you can easily use FPS to transfer if coinbase supports it. Don't have experience with crypto in Hong Kong, just know they are quite open to it.
  14. M

    Question Tax dividend in hong kong and BVI

    Just Google.. Hong Kong is 0% dividend tax https://www.taxathand.com/article/1463/Hong-Kong-SAR/2015/HK-Tax-NewsHK-Romania-Tax-Treaty-Signed
  15. M

    How to run a business without office?

    We have had experience with all kinds of personalities and first two groups of staff in Philippines were fully wfh due to covid restrictions and I can tell we had with 80pct issues which we only discovered using productivity monitoring tools etc. Many doing other jobs, trying to setup each other...
  16. M

    How to turn cryptocurrency into legal monthly income?

    Dividends come after corporate tax, so your taxation will still be high. Best is to declare just the income you need for any of your visa requirements if you want to reduce tax in China, the rest there are many ways to get it in cash. You can just set up a Chinese company and provide your...
  17. M

    How to run a business without office?

    People working full time from home is challenging and you will continously have people who do non work related tasks or even side jobs during working hours. That's our experience and it's with any profile and any jurisdiction we have noticed this (our own business but also many other businesses...
  18. M

    Hong Kong offshore company -> EU gray list -> new foreign-sourced income exemption regime

    It's not that hard to setup, only if you apply for offshore status be prepared to provide a lot of info before the status is granted. A good tax lawyer or auditor will do all the work, you just make sure you keep all the proof you operate from outside Hong Kong. Opening a business bank account...
  19. M

    Philippines and taxes

    I I would also like to react to the statement that most Filipinos don't have bank accounts. This is true for many of those that are uneducated and live in the province, in the bigger cities everyone has a bank accoun unless the intention is to employ the uneducated people that live in slums or...
  20. M

    Philippines and taxes

    Not Not sure where you operated a business or have lived, but I wouldn't portray Philippines that negative. Sure there is a lot of corruption (which can also be sometimes beneficial) and I wouldn't trust doing business with a Filipino, but as employees with the right setup and culture, you can...

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