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I saw a link on the forums here regarding OECD's rules on the OECD website. Home country for me is the country of citizenship. And in Europe, for me the law is like that: imagine that you don't have a tax residency certificate for 6 years in which you have never gone back to your home country...

If you are living a true digital nomad lifestyle, and have no ties with your home country, and have no plans to re enter your home country, you don't exactly NEED it. It depends on a lot of factors, your willingness to accept some risks is one of them, because if you don't pay taxes anywhere in...

they will not give you the TRC which might or might not be useful to you. If you want to make sure to have a proof that you paid your taxes in Dubai, you need the TRC, so you are better of renting something for the long term and then cancelling it or subletting it

Nobody had problems with FTX until it collpased. An I am not saying or implying that Revolut has the same scale of issues FTX had. I think it's perfectly safe to use revolut and keep 10k on it, worst case scenario you lose 10k. I would not trust it with more. And there have been big warning...

so my post is just to say that there are many red flags about revolut, which Wise in my opinion doesn't have: Wise has always been profitable, has serious KYC and enforces it's terms of service. I have had sums with 5 zeros on wise without worry, I would be more worried to keep them on Revolut...

I have always been a supporter of Wise, because, with it all its quirks, it has always given me some confidence on the fact that they were doing things right. Revolut it's a different story, and I would never trust them with my money...

Today I woke up hungover in Mykonos and read the following email by Wise: Having recently visited Russia for tourism with my girlfriend, I was worried someone had stolen my account: I had never made any transfer to Russia, or any linked entity. Then after checking better, I discovered that the...

@JohnLocke thanks for the article. As with everything UAE related, things will get clearer in 2-3 years...

I know this has been probably asked million of times, but what is the cheapest way to setup a company between two people that will need to process payments from a website?Delaware?UK? It would be a 2 person company, one guy from Italy and one from UAE

If you have kids or wife, it's where they live. otherwise it's debatable

As usual it depends on where do you live and how much are you caught with.The fact that a tax agency knows that you are possibly evading taxes doesn't mean that they WILL press charges against you, because there is a risk/reward for the tax agency, they simply can't prosecute everyone. In Italy...

Banks asks and report the beneficiary owner.

I have a belgian IBAN account like everybody else,otherwise I would not be able to receive money from normal banks. that doesn't mean that I have an account with a Belgian bank. Only WISE has it, all the rest is internal routing of money. If you had an account in your name with a Belgian bank...

Absolutely no. Wise has a bank account in Belgium and in that bank account it holds all the money for they accounts. So Wise gets reported to belgian authorities. This is clearly explained in their cashback article How does balance cashback work? | Wise Help Centre This is why currently Wise...

I have a business account with wise ( San vincent and the Grenadines LLC for a software agency ), I trusted them with 6 figures, and personal account and I have always been super happy. UAE banks are the real s**t in my opinion, I have one and it's really bad.

if you start paying taxes on your extra income from now on, nobody will notice, you will be paying more taxes, which is not what triggers alarms in the system. The opposite is what usually trigger alarms. Do whatever puts you in a situation where you are comfortable sleeping at night, everybody...

yeah, but you can't open an account with IBKR USA if you have a proof of residence from EU

In any case my advice is: 1) since you have not been investigated so far, lay low. In Italy they have been announcing crackdowns for 30 years. It's a scare tactic. Don't fall to it and turn yourself in. Do not buy anything fancy ( which in spain I think it is anything over 2k :D ). Keep...

NOMO Bank just wrote me that they don't require proof of address anymore...: Thank you for showing an interest in banking with Nomo, and we look forward to welcoming you on board. Since we last contacted you about your Nomo application, we have simplified the application process to ensure a...

just to clarify: 10k in a single wire. that what gets you reported. And there are plenty of reasons for making 10k payments. I have never ever headr anyone that went to jail for tax evasion, normally in latin countries what gets you to jail is tax fraud, which is different. You should get a...