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I think the situation is quite obvious. Access to banking is needed sometimes. 1) Mr Emil Klein born in Berlin, living in Berlin, working in Berlin for BMW, spending money in Berlin, would have no problems with it at all. 2) Mr Mohhamad Ali who left Afghanistan to live in Germany on student...

Until a few weeks ago, yes. There was a scheme where you would deposit Turkish liras, but if exchange rate moved not in your favor, Central Bank would compensate you the difference and then some - just as if it was a deposit in USD...

I see. Yep, I got my passport. There was a detailed post of mine on the forum. I bought a property, lots of hassle. Just until a few weeks ago it was possible to make a deposit in Turkish bank without currency risk. Now this option is closed, only straight Turkish lira, which is losing its value...

Obviously. Please direct this comment to Thai Revenue Department.

This was explicitly told by Standard Chartered, implied by OCBC. It was the lowest tier premium requiring about 250K Singaporean. I don't even think they insist on managing that for a % of AUM until higher tier private banking. I mentioned that I plan to deposit more than 250K and net worth is...

JB stands for Julius Baer I guess. Bank Frick mentioned to me that "$5M is a lot", then declined a bit later. I also found them to be not polite / arrogant. PinkCat, may I ask, how much do you pay to Sygnum? 1% of AUM yearly? Is it worth it?

Well, I got some official info last summer. Here is a document from Thai Revenue Department: https://www.rd.go.th/fileadmin/user_upload/lorkhor/information/manual_crypto_310165.pdf --- Question 10 In the case of trading cryptocurrencies/digital tokens abroad, how do I pay taxes? Answer: Step 1...

Welcome to Bangkok! It's nice here. Thanks for sharing - useful for me. Let me comment a few points of your message. You will need to declare at least some taxable income, otherwise tax authorities are reluctant to issue TIN / tax residency certificate. A few Singaporean banks refused to open...

Curious. Is it possible to post the address? There is a (slight) chance to see at the blockchain and understand what was that then.

This I don't know. Maybe somebody would chime in. I believe your setup is very safe: 1) Thai tax authorities likely don't even know/interested about your existence, "under radar" 2) If they pay attention, they don't usually enforce this PE rules 3) If they start audit, you have this credible...

I thought that you are actively managing the companies / doing some work while having nominee directors. Maybe I misunderstood... 1) If you are passive owner who just receives dividends once a year, you are 100% fine. 2) If you are working "behind the scenes", such as negotiating sales with...

Which banks were that?

Hi. I tried https://alt.co/ in similar situation. They help to document your crypto SoF, sell coins and send to a partner bank in Switzerland. It didn't work out. They were very easy-going in the beginning, "just give us what you have", but after I provided the documents regarding original...

Hi. Your offshore companies may be deemed to have Permanent Establishment / "carrying on business" in Thailand. Then they become liable to submit reports and pay taxes in Thailand. I don't know details of the rules (they are not obviously clear). Just a random article to show that the rules are...

I use ExpatHub, they do a lot for me. Very satisfied.

I don't do day trading, so it was not applicable to me. So I didn't ask for the details. I just got the feeling that there was some solution.

I remember lawyer was asking if I was doing day trading and hinting that it may be gray area / can be fine with some structuring / within some limits etc. But it was not my case, so I don't know details. Overall it's not exempt I believe.

Yes, there is space in the tax form to declare, it's mandatory actually. Very beginning of the tax declaration is: Total income: __________ GEL including: - Income subject to special tax regime: __________ GEL - Income received from outside of Georgia: __________ GEL Below are a few pages for...

Do you have any connection to Georgia? Residence permit, income from there?

I got second Turkish citizenship by investment so I will touch on a few questions asked earlier. 1) Yes, you can change your name. (I haven't done that though) 2) Place of birth will be present in your passport in "City/Country" format 3) It took me a bit less than a year until I got the...