Search results

This topic has been discussed quite a few times in different threads, but some of the information I found through search is incorrect. So, I want to gather all the correct information regarding this topic here. My friend owns a SaaS company, and he asked me to help him find a place to...

I recently spoke with my friend who incorporated a company in RAK DAO, a free zone in Ras Al Khaimah, UAE, for crypto businesses. His lawyers told him that they received an offer for a 10-year Golden Visa from the free zone. The condition was that if he prepaid for the business license for 2-3...

I was wondering if it would be possible to open a U.S. personal or business bank account from abroad. For example, visiting a branch in another country, such as a Bofa branch in Hong Kong, or Singapore and opening a U.S. account there? This would be beneficial for people who can't travel to...

Has anyone had experience with PayDo business/personal IBAN accounts? https://paydo.com/ I had a bad experience with their payment gateway. They scammed me for around $5,000 through fake disputes. Toggle signature I'm not a tax advisor, so please don't consider my posts here as tax advice...

I'm wondering if it's actually legal to hold an EU passport/residency and still avoid becoming a tax resident in any one EU country by staying under the 183-day threshold. My idea is to split time between Spain, Italy, or Switzerland, and then spend around 60/90 days in the UAE or Cyprus to...

I'm wondering what will change if I update my Wise account address from an EU address to a UAE address. I was told that my business accounts won't be affected and that my current card will remain valid until it expires. However, I won't be able to get a new Wise card since it's not supported...

A friend of mine recently moved to Spain and became a tax resident there. He is not an EU citizen but has obtained residency in Spain. He earns a decent income from his YouTube videos promoting crypto exchanges. His earnings are received in his crypto exchange account, where he has completed...

Most of us here on the forum have probably wondered about this at some point””what's better, settling down or living a nomadic lifestyle? Being a nomad seems cool because you can visit lots of countries and be there at the best time of the year. You can avoid the high-tax obligations but still...

Will Cyprus Join the Schengen Zone Soon? " Cyprus is resolving technical issues before joining the Schengen zone, the president said. Apart from it, only one country is not in the Schengen zone ”” EU member Ireland. "We have resolved all political issues related to the ceasefire line [with the...

What would happen to your business if you stayed in your home country? Would your business even exist, and would you be profitable? Toggle signature I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion. ___ Business Bank Account for...

What residency would you use for the Wise personal account outside the EU to have a multi-currency account? I think Thailand, and Indonesia should work well, but you will really have to verify that you live there, they are checking it now. UAE wise doesn't provide multi currency acccounts...

I know many people struggle to get a bank account for their offshore company, or they end up getting shut down by their EMI or Stripe, forcing them to form a new company, get a new EMI, Stripe account, etc. But what if we could form a US LLC, UK Ltd, or any similar entity, open a personal bank...

Any feedback on wittix.com EMI. It's like Wise they offer personal and business accounts. Toggle signature I'm not a tax advisor, so please don't consider my posts here as tax advice. Always seek a professional opinion. ___ Business Bank Account for your US LLC Remotely

You've probably noticed that for the past year or so, US EMIs such as Mercury have started requiring their customers to prove US operations. Don't you find it suspicious? Don't you feel they force you to create a nexus in the US so the IRS will tax you? Toggle signature I'm not a tax...

Do you have proper accounting for your US LLC, which is a disregarded entity, and do you consider it a necessary expense? My accountant charges around $200 a month, but I think it's not really necessary to file the US return, they only ask for my revenue. It's not the UK, so I'm wondering””do...

Tell me why it's not going to work. The founder of the company lives in the EU while being a shareholder of a Cayman Islands LLC, which acts as a holding company for his businesses around the world, including in the EU, US, and other countries. There is a hired director at the Cayman office...

Let's imagine a guy who owns a disregarded entity, US LLC, is a tax resident of nowhere or a low-tax country (e.g., UAE), and wants to hire a new employee who resides in the US. I know it can potentially create tax issues, which is why this smart guy (or not) established a work agreement with...

Hey everyone, I'm conducting some market research and wanted to know if anyone is interested in high-risk business payment processing at reasonable rates, e.g., 5-6%, with a 10% rolling reserve for 6 months. My friend has been in this business for 10 years, primarily working with gambling...

Has anyone had any experience with https://geegpay.africa ? It seems like it's a new EMI for African countries, like Payoneer or Wise. They give US bank accounts in Wells Fargo and cards in USD, GBP, and EUR. I saw it on youtube, some Nigerian guy is using it for his Paypal accounts. Toggle...

My friend runs a crypto SaaS and is looking for payment processing through Stripe. Since it's just a crypto research tool, I think the banks should be okay with that. He doesn't want to incorporate in the US or the EU. He recently registered a RAK DAO in the UAE, but it didn't work out. I'm...