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Paxum prohibits its users to: making a bank transfer to a third party buy cryptocurrencies (including bitcoins) Paxum blacklisted epayments and epayservices as a recipient (prepaid cards and bank accounts) My problem: The paxum debit card is in USD. I live in the euro zone. Paxum has a very...

I second john spectre and calvin. I use Epayments since 2016, I have never had a problem with problem with them. On top of that they never blocked any of my inbound or outbound transfer, it is rare nowadays.

Some companies like paxum created a blacklist of companies. For instance Paxum blacklisted epayments. So, if they decide to block revolut, you will be able to have a Revolut account but you will not be able to transfer to your revolut account.

The french police arrested yesterday the CEO of Fidusuisse which is a major offshore agency in Geneva Switzerland. For those who don't know Fidussuise is the Swiss version of mossack fonseca. https://www.en24.news/2020/01/police-dismantle-vast-money-laundering-system.html

UPDATE: Payoneer sent me an apologies email saying that I didn't need to fill out the tax form. The tax form email was sent to me by mistake. so, Payoneer is still fine. I didn't need to fill any OCDE exchange form, or IRS form or whatever.

I just received an email from Payoneer asking me to file a tax form. I think it is the first time they ask me to do so. It is a W8-ben. I am not a resident in the USA. What does it mean? The IRS has an automated tax information exchange agreement with several countries: Here is the link...

To open a bank account in Cyprus, banks ask for a letter of recommendation. I tried once to get a letter of recommendation from my personal bank. They told me it was nominative. They want to know who was the recipient before writing a letter of recommendation. They even told me that I had to...

Yes, Switzerland and Lichentein banks ask for very high deposit. (I don't remember, i think it is like like 50,000 euros? 100,000 euros? upfront. Cyprus is ok but it is part of the anglo saxon world. They ask for a letter of recommendation to open a bank account. In my case it is IM PO SS I BLE

it is possible to avoid opening a bank account in Estonia. You can open a bank account in Finland for instance with Holvi for 9 euros per month. However, after 10 years you will be forced to open a bank account in Estonia with SEB , LHV... E-Residents | Holvi

I get the trick. They modified the commercial code of Estonia. You can use a digital bank anywhere in Europe during 10 years and then, you must open a bank account in Estonia and deposit 2500 euros for equity. https://medium.com/e-residency-blog...ater-freedom-in-business-banking-f8c6984ce3e5...

i found articles that mention it is possible to avoid opening an Estonian bank account: Digital Banks For Your Estonian Company I am skeptical about it because i thought we had to deposit 2500 euros as equity in a bank located in Estonia when starting a business there.

1/ bank I think that all the Estonian banks are among the most expensive of Europe. Georgian banks are much cheaper. 2/ VAT The EU countries are not happy about the actual system. In the future, they want to tax all incoming goods thanks to the post office companies. For example, you order...

I would like to know the maintenance costs of a Cyprus company on a yearly basis. How much cost the audit, the virtual office, the secretary...? thank you.

In the worst case scenario, here is an escape situation. Here is a plan that I found to be useful for real banks. It is 100% legit. If payoneer contacts you I know how it will work because I saw how banks reported customers... Here is my advice. Let's imagine they start to report people in...

I still receive money from Amazon to Payoneer on my USD and EUR account. I have still no problems with my local tax authorities. None of those banks reported me.

I don't know but you know that the social contribution of a member board is always lower than an employee social contrinution. https://home.kpmg/xx/en/home/insights/2014/04/portugal-thinking-beyond-borders.html

1/ yes you have to pay your own social security. For example, I know a woman she owns an Estonian company and she lives in Portugal. She subscribed to the Portuguese social security as an Independant. 2/ Normally, you don't need to live in Cyprus to be the director of a cyprus company. 3/ you...

I have other things to say: When I start up my company in Ireland, I had to ask for a PPSN // This is a social security number. I think it was required to have the right to pay the corporate tax :) They misspelled my name and I had to ask them to modify my name not once but twice. It was not...

For those who aren't aware of it, When facebook and google settled in Ireland, they agreed a corporate tax with the Irish revenue. I guess that for google, It was 2000 jobs in Ireland against 6% corporate tax. It is called tax rulings. you can pay less corporate tax if you bring jobs to the country.

Clemens, it is not a black and white situation. It is a bit complicated. I will try to make it clear. I am sorry I must write a lot of text. I faced major issues with the local agents. The agent is more powerful than anywhere else because it is your secretary. This means you need the signature...