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  1. LegitBananas

    Opening US bank account for non-residents

    It would probably help if you could give more details about your industry/business affairs and what kind of activity you would use the account for. Banks don't tend to close/refuse accounts unless they're seen as high risk in some way.
  2. LegitBananas

    FATCA REPORTING & OFFSHORE BANKING

    US is arguably the toughest one to escape. Your absolute best shot is probably getting dual citizenship since fatca is tied with pretty much every country. Or, you could just permanently leave the US.
  3. LegitBananas

    Interactive Broker as a end-stop?

    Don't wanna derail the thread too much but since it is about interactive brokers... Does anyone know how this works as it pertains to financial reporting? Will your activity with Interactive Brokers be reported upon account creation or upon cashing out on stocks?
  4. LegitBananas

    What country would you choose to relocate to avoid taxes?

    UAE. As far as I know they don't have income tax for individuals but cost of living can be high.
  5. LegitBananas

    Say the Financial World will crash, where to put your assets?

    I agree. We will probably see something similar to what happened in 2008 - maybe worse, maybe better. Some people are talking like everything will totally collapse and money will be worthless and we will be dying in the streets and starving. Trust me if that happens, nobody cares about your...
  6. LegitBananas

    US bank account holders which are non-residents and are living abroad - Ability to get SMS

    So Proovl and T Mobile ultra plan are the only solutions for now?
  7. LegitBananas

    EMIs with US bank details

    Payoneer has those details, however I am pretty sure you can only receive payments from other Payoneer users or US companies. You can't deposit your own money in there from your bank account, but there is a "trick" that you can do to fund it via Paypal. You will need to ask payoneer support to...
  8. LegitBananas

    FACTA reporting non-resident

    You forget to specify that it is automatic only under certain conditions... It's not automatic all the time. Yes I have read the agreement. Brokerage accounts are different from depository accounts so they probably do get reported.
  9. LegitBananas

    CRS question for "wrong" EU accounts

    Well, theoretically if both country A and B are in CRS (and have an active CRS relationship with each other as not all of them do), then country B should already be aware of his bank account in his old country. Theoretically. Are you positive that your 2 countries share information with each...
  10. LegitBananas

    Transferwise - Do's and Don'ts - How to avoid trouble

    Probably that TW can see the tips and adjust accordingly, close loopholes, etc. I think this forum is a lot bigger than people realize, you never know who is reading.
  11. LegitBananas

    If you own US company as a developing country citizen+resident, what happens if you pay no taxes?

    Well, according to this link the "country in question" has a CRS automatic agreement with only 2 countries currently. The US also supposedly only reports automatically under certain conditions. From a general birds-eye-view, I would think you are pretty safe from automatic sharing of...
  12. LegitBananas

    Does Payoneer reports to OECD ?

    You're talking about this but you are clearly uneducated on the topic. https://www.paypal.com/us/smarthelp...RS-Will-I-receive-a-1099-tax-statement-FAQ729 If you're dealing with less than $20,000 per year then maybe you shouldn't worry about taxes.
  13. LegitBananas

    Never Declared Income - Gotta Start Now

    not to derail the thread but Lol dubai is literally filled with the most beautiful girls in the world. Ever been on Instagram?? Lots of rich guys (and IG models) from all over the world there.
  14. LegitBananas

    Never Declared Income - Gotta Start Now

    Why don't people ever mention Dubai when talking about 0% tax as a resident?
  15. LegitBananas

    Does Payoneer reports to OECD ?

    I don't think they'll warn you unfortunately. Did you give them any personal documents like your tax number in your home country or scan of passport? Paypal is the devil. Try your best to avoid them - I have read many, many horror stories from people using Paypal. I believe that they...
  16. LegitBananas

    Does Payoneer reports to OECD ?

    As far as I know, payoneer does not engage in AUTOMATIC sharing of information. However, be sure that they will report you in 0.5 seconds if someone requests it.
  17. LegitBananas

    Belize bank account -- useful? For what?

    What's the point? Belize is in the CRS and will report to your home country anyways. Their banks are barely even banks, support sucks and high chance of not being able to access funds.
  18. LegitBananas

    Bank account in Georgia

    As far as I know, nobody has listed a Georgian bank that can be open accounts remotely, on this forum unfortunately
  19. LegitBananas

    Personal bank account

    did you go to Armenia, or do you have biz there? Cause they rejected my application due to "KYC regulations" or something after my skype call with them... Read other people experiencing the same
  20. LegitBananas

    Do I understand that US financial institutions DO NOT report non-us person deposits in them?

    So if you own a depository account that earns no interest, does info get automatically exchanged? Because it says here or (ii) in the case of a Financial Account other than a Depository Account the Account Holder is a resident of the United Kingdom, including entities that certify that they...

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