Search results

Belize was blacklisted last year and this dissolves several correspondence bank relationships. Then Belize accepted the CRS and CBC agreement and the situation should improve. How much these improvements take place depends on the Bank. Now to the Risk of Bankruptcy: Heritage does local business...

As we all know CRS applies to Not Financial Institutions. But how is a financial institution defined? Well banks are obviously financial institutions and Trusts are also excepted from CRS. But what about Mutual or Hedge Funds? Are these financial institutions and CRS excepted as well? I came...

Germany ... i was born in that failed society as well. But since 2015 it is more an asylum without a roof (check this out: thg-essem). Sorry 2 be off topic, but everybody needs to laugh sometimes. Back 2 Topic: The German tax system is a Tax by Residence - System so when you move into a country...

Ah, now I see through the fence. And they are plenty EPB alternatives like, Sternbank, StandardInternational and so on.

It's the 180 days rule. But this applies to multiple countries outside of the EU as well. The system which you describe is the residential taxation. It is used by a lot of countries and if you have a citizenship of one of these countries your only taxable if you reside in your country for more...

I was in the cc merchant account business for years and I can say that offshore merchant accounts do exists even for highrisk businesses, but the percentages and rolling reserves are usually higher and (now it comes) they are mostly not good enough "whitelisted". What means "whitelisted" ...

What are your objectives? Privacy, Free-speech (aka no possibilities to get taken down by third parties including authorities), Speed, Reliability? I'm using Shinjiru, a cost effective offshore hosting company for a small project.

I had an account with EPB since 2012 when they were located in St. Vincent and the Grenadines and Peter Schiff promoted his own bank with a nice welcome video. I never had any problems but some additional paperwork like source of funds declarations for every single incoming transfer. Some years...

Not so fast, the UAE has a more complex system of different kind of entity types. The local companies: Low-tax but you need business-partner from UAE who owns more than 50% of the company. The so called Free Zone companies (Ajman, RAK, Dubai): No-tax, 100% ownership but they only can be active...

I think you want to buy art with your offshore company, so your real identity keeps safe from burglars and so on. Well as our Admin says, Seychelles could be a choice but to be safe, you would need to send your payment through an offshore bank account in the name of your company as well. This...

Hello, double taxation agreements between two countries define how much % of tax earned in country A will be deducted from the taxes of country B and vice versa. The goal is NOT to pay double tax. Here is an example: 10% BVI-Tax and 20% Swiss-Tax could become to 15% Swiss-Tax when the taxes of...

In other words, they signed the CRS and CBC contracts and did nothing? So, the blacklist is a whitelist for us.

How is that possible? The Cayman Islands complies with the CRS and CBC standard: Here are both checkers: CRS: Exchange relationships - Organisation for Economic Co-operation and Development CBC: Country-by-Country exchange relationships Just pick the Cayman Islands and a european country like...

Hello, their link is https://www.atlabank.com/corporate_checking.php It is more or less the most respected Bank in Belize, almost everybody owns an account there. Due it is not an international Bank (Belize differentiate local Banks and international Banks by license), you need to provide some...

The Heritage Bank had troubles with their correspondent banks (their failed to fulfil new compliances). A good alternative is the Atlantic Bank (don't confuse it with the defunct Atlantic Bank International) their infrastucture of correspondent banks seems to be stable so far.

Really? I give it back to you! I think we all can ignore the "constructive" contributions of this fellow from now. Now I repeat the main question: Do banks accept companies from another jurisdictions as beneficial account owners?

So your you say: No Bank will accept a company of another jurisdiction as a beneficial owner. Now we would need some experiences by other users. P.S. The hourly rates of lawyers aren't so high (200-300 USD per hour) as long as you don't go to the Bahamas or Cayman Islands. If someone cannot...

I know this thread is kinda old, but the topic is still relevant. Here I have a (more or less) dumb idea, but maybe it works. Establish an IBC/LLC in a tax heaven A. Establish an IBC/LLC in a tax heaven B with bank account. Director/Partner of the IBC/LLC and Beneficial-Owner of the bank...

Yeah that's the question here. On several websites across the net are informations like "no taxation" due foreign income. But the LLC of its nature will only be taxed in its country of operation. And when it operates, it is a local company with local income. But this requires the acceptance of a...

I heard that it is almost impossible to get a Bank-Account for an US-Company outside the USA due FACTA. Sure you can get a Bank-Account in the USA theoretically but these Banks like to decline a LLC as well when the Partner/Director/Founder of the company is a foreigner and does not live in the...