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  1. K

    How many red flags do you need about 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...
  2. K

    Wise blocked a transfer close my personal account, had the word "Russia" in the reference field

    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...
  3. K

    Offshore company for website which will sell services, what is the cheapest setup?

    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
  4. K

    Wise and CRS, how will it work and how much clarity will there be on it?

    So Wise is starting the process of becoming CRS compliant. Let's read the wording currently used: So from what we can read here what forces wise to report at the moment is the Assets products. You can see this in the Terms and Conditions of the asset program ( The clever new way to send money...
  5. K

    Putting a UAE proof of residence on an existing Wise account

    Hi, two questions: 1) is it possible to use a UAE address for an existing and already verified Wise Bank account? 2) if it's posible, is a bank statement enough for it? It's unclear what the situation regarding Wise in the UAE is.
  6. K

    SFM tries to blackmail me!

    in 2017 I wanted to open my company and looked on the internet for options and in the end I choose SFM Corporate Services The opening process was ok and they advised me to use San Vincent and the Grenadines which was a good choice. I also opened a bank account with them which was witk....Loyal...
  7. K

    Distributing dividends from company to individual: what is the correct process?

    So I have my company, which is an LLC which I control, no nominees or else. What is the correct procedure to distribute a dividend, document wise?I men, if my bank asks me 'show me the documents for this transaction' and this transaction is a dividend distribution, is there anything more than a...
  8. K

    Wise during KYC asks me about money sent from my company account to...my mother.

    I have a San Vincent and the Grenadines LLC, previously IBC, with Wise as the only bank, since 2019. Every year Wise does KYC and they always asked me about contracts and stuff for money coming into the company, which I never had problems providing. This year they are asking me about my...
  9. K

    Credit Card for San Vincent and the Grenadines company or UAE freelancer

    Hi, I am resident in the UAE with a freelancer visa, soon to be changed to Remote Working Visa and have a SVATG LLC company. I'm trying to get a credit card, which I only need for one specific reason: renting cars and scooters around the world as I live as a digital nommad. I have a UAE bank...
  10. K

    Post Brexit Transferwise

    So a friend of mine noticed this article https://transferwise.com/help/articles/2965898/what-does-brexit-mean-for-transferwise The only change is behind the scenes. Starting 14 December 2020, we'll serve customers in the European Economic Area (EEA) from our new office in Brussels. We'll be...
  11. K

    Multi currency bank account with stock trading in the UAE, what are the best options?

    Hi, I was wondering what are the best options for a multi currency bank account which gives you access to stock trading once you have a residency visa in the UAE. The only one I found is Saxo Bank.
  12. K

    Company Formation in the UAE and Residency - what are the exact costs?

    Hi, I've read that some people on the forum have set up companies in the UAE and are resident there. I was wondering what are the real expenses for first year and for other years, and exactly how residency work. My understanding is that with a company you get residency, as long as you visit the...
  13. K

    Advice needed on a St Vincent and the Grenadines company - registered with SFM

    Hi, I'm looking for some guidance on some issues I'm having with my company which was incorporated in December 2017 in St. Vincent and the Grenadines. I used SFM to register the company, I bought the nominee shareholder and director services + the bank account. The company provides software...

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