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I received this email from Wirex. It is not clear but I understood they are going to shut down my Wirex visa card. Wirex has decided to close their managed Visa scheme on the Contis platform on 16th March 2021 following their appointment as principal members of Mastercard. In line with...

So, I wanted to convert Euros in Bitcoins today and Wirex displayed this message saying: "we're vertifying your information". I already verified my account a long time ago. The last time I deposited money was several weeks ago. I think they just want to block me because everybody buys bitcoins...

Following the problem related to Epayments and revolut, i think it is import to list of EMI's that aren't related to the Russian mafia. Lots of people on this forum faced major problems with Russian nationals. I think that we should stay away from them. Let them grow, and one day maybe a new...

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...

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

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...

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.

I have heard that some people lowered their tax by getting paid using income tax and expenses since it comes prior to profit. For example, I have heard of a German lady who lives under the nonhabitual resident programme in Portugal where she does not pay any income tax. She has an Estonian...

I have an issue. One of my potential business partners pretended he was a successful entrepreneur. However, after investigating I discovered that he did make little money and lived on welfare. he has no work experience in other businesses in my field (Information Technology). And at the 30 years...

Backpage advertised escorts in the US and it was taken down for facilitating prostitution by the FBI. I wonder why backpage.com has been seized, while there are still escort agency websites and escort websites in the USA. Was it because the text and titles in the ads suggested sexual services...

I have incorporated a company in Ireland and I wanted to share my experience here. First of all, the irish law requires a secretary when there is only one director. This means that for every single official paper, it has to be counter signed by the secretary: (opening a bank account, submitting...

I am happy to share my knowledge about bitcoin because there are lots of lies in the media online. You can read everywhere that officials can track bitcoins. However, until today, no criminals have been arrested thanks to bitcoin tracking. However, the so called bitcoin tracking solution exists...

Hi, I have received the following message from an affiliate program stating that firstchoicepay was dead because of choice bank in Belize. Any comment? Dear Affiliate, Problems with FirstchoicePay We have been informed that FirstchoicePay is not currently operating as a result of problems...

I wonder how much it costs to run a Cyprus company since the time when the audit requirements became mandatory. If you have any ideas about how much it would cost, I would be willing to know.

I have an Irish company and I am a spanish fiscal resident. In Spain, i am a sole trader (trabajador autonomo). Can I invoice my own Irish company? I wonder if I could be the supplier of my own company, invoice my company. This would be the same issue with any foreign companies (Cyprus as local...

Since 2 years, I see more and more times the question: "Are you an American citizen?" and " do you have a business in the USA?", everytime I open a bank account whatever the country. Now, it goes online because I see the same question. So, I guess American people are tracked all the time. How...

I have found a page from Paypal describing exchange of information from Paypal with governments. Be free to tell me what you think about it... PayPal

Hi, I have a company in Ireland and i have discovered my secretarial company that is responsible for my registered office address isn't opened every weekdays (perhaps only opened 3 days per week). Also, they didn't forward very important mails without me contacting them. So, i am concerned...

I have discovered that Payoneer does not accept bank transfer from bank account owned by individuals and payment from credit cards owned by individuals if it is for a Payoneer company account. Let's say you have a business payoneer account from your Cyprus company. You send a payment request...