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You've got it wrong buddy, you don't have to lie to your broker at ALL, it's all legal, by the book. Your broker will ask you to submit a W8-Ben form, like they always do, and then the WTH rate is whatever the treaty says. You are criticizing a setup that is perfectly legal and it's being used...

What do you mean you don't have to pay CGT in the U.S.? No, you don't pay 30% WHT on dividends, you still pay based on the treaty, most likely 15% (I pay 10%). Do more research about LLC brokerage account and you'll see that it's the best option to have a brokerage account in the U.S. and at...

Great idea as well, since there is no capital gains tax in Cyrus.

Obviously you don't know much about LLC brokerage accounts. First of all, there is no 40% Estate Tax. We all have an LLC that is owned by a foreign Corp, and since a Corp cannot die, there is no Estate Tax. It's extremely cheap to set up and works perfectly to avoid the Estate Tax. Secondly...

Don't overcomplicate your life with crazy structures. Form an LLC in the U.S. and open an account with that LLC in the U.S. with Interactive Brokers, or with Charles Schwab. The withholding rate on dividends will depend on your country of residency, if you're in Europe it will most likely be...

Yes, Dominican Republic would be a great option. DR has improved a lot, the economy is doing much better, they have a lot of trade with the U.S. DR gets around 10 million tourists every year. Punta Cana has grown a lot, and the northern part of the Island, like Puerto Plata, is receiving cruise...

The 4.5% ownership of Qenta was part of the deal. In other words, had the sale of EPB gone through, Peter would have received money and shares of Qenta, but the deal did NOT go through. So Peter ended up with zero shares of Qenta, he lost the bank, and everything that was involved in the deal...

When I was in the military we used the term Rumint: Short for "rumor intelligence", it refers to unverified or questionable information.

You are saying that Qenta is blocking the liquidation and the Receiver has indicated this to customers? I haven't heard anything whatsoever. Where do you get that? Last edited by a moderator: Jan 14, 2025

Peter is not a Qenta shareholder. He would have received some shares had the sale of EPB gone through. The fact is that Peter lost everything, literally. There isn't anything else to say until the Receiver finishes liquidating EPB. At the moment there are zero evidence to think that Opt-in and...

Peter can you please give us your opinion about Qenta, do you think Opt-in customers will get their money back from Qenta? Are there any risks with Qenta? Thank you.

Yes, I do agree that Qenta cannot be trusted. I started raising questions about Qenta a longtime ago, but nobody listened. I'm glad that we are now all talking about it. The fact is that Qenta is a private company, so we can't see financial statements, therefore it's impossible to know if Qenta...

I don't think there is anyone in this forum that knows anything about Qenta. The only one that could really know if opt-in customers are at risk, and if Qenta is in any trouble is @Pschiff. It would be criminal if Qenta got involved in the liquidation of EPB just to end up keeping customers...

There are no evidence of anything, just a bunch of fear mongering. Let's stick to the facts pls.

Do you think Opt-in customers are at any risk of not getting their funds from Qenta after the Receiver sets an official migration date, can Qenta be trusted?

Perhaps @Pschiff can tell us where is Qenta keeping the funds, is it in a U.S. bank, or is it in some shady jurisdiction?

I'm sure the funds are safe at the moment, the question is what happens once the Receiver sets an official migration date and Qenta has full control of the funds?

At the moment Opt-in customers are not customers of Qenta. In order to be a Qenta customer, you have to download the Qenta App and register to open an account. So the question is, what is the status of Opt-in customers at the moment? And can Qenta hold on to the funds once the funds become...

Yes, it's hard to trust a Fintech company that operates mainly in the Blockchain. Time will tell...

Qenta is regulated in multiple jurisdictions to ensure compliance and security. The company holds financial authorizations in Bermuda, Brazil, Dubai, Ghana, Luxembourg, Puerto Rico, Switzerland, and the United States. Additionally, Qenta operates as a money services business in 33 U.S. states...