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  1. Mr Magoo

    I moved to Mexico from Europe - Tax Optimization?

    never heard of losing residency after 6 montsh out of the country. Tax wise: look into the Resico tax regimen. 2% tax up to 3.5 million MXN income.
  2. Mr Magoo

    Business accounts for Belize corporations?

    Wise did for Belize, but not anymore I believe
  3. Mr Magoo

    Romania - Fiscal changes coming soon - Need Plan B

    yes, the net in the EU is closing. You can run but you cant hide. It is just a matter of time before all EU countries have similar tax laws. I left Romania a year ago when the first set of reforms was implemented. No surprise that they do another round of that now. Bulgaria may work for now but...
  4. Mr Magoo

    IT freelancer moving to Romania in 2023

    you can use a virtual office just the1st year, Then you need a physical office. At least that was the rule a few years back. I can imagine its even more strict now.
  5. Mr Magoo

    Romania micro company not worth it anymore?

    last year it was 3% tax on gross revenue and 5% dividend tax. Now it is 1% on gross revenue, not profit. In my opinion SRL / micro comp can be worth it if you make like 15K a month. An accountant will cost you around 100 euro a month
  6. Mr Magoo

    Banks in Mexico

    good luck with your bank accounts in MX. Remember to hold only petty cash in them, for the rest they are pretty useless. Employees will sell you out in the blink of an eye if you move / hold large amounts. Banamex is the worst here where it comes to credit card fraude. In general MX banks can...
  7. Mr Magoo

    earning interest on cash

    what is the risk holding 6 figures with ibkr / wise?
  8. Mr Magoo

    EUR denominated money market account as an EU resident

    yes but IBKR pro does pay 1.9% on balance over 10K so you must put in a substantial amount to get to the 1.9%. Note that IBKR adjusts interest rates almost daily.
  9. Mr Magoo

    EUR denominated money market account as an EU resident

    Trade Repubic 2% for 50.000 eur, IBKR account - 1.9%
  10. Mr Magoo

    earning interest on cash

    think putting idle cash on a IBKR account is a good option,they pass on most of the FED rate / ECB rate to you and you can move it to stocks / other accounts at any point in time. That 7% sounds to good to be true somehow. There must be a catch there. Bunq gives me 1.65% on EUR cash and Trade...
  11. Mr Magoo

    Is wise safe for 6 figures biz accounts?

    use Wise to do payments and transfer on a regular basis funds from your bank to Wise. Wise has very good exchange rates and executes the transfers quickly. I managed 5 figure amounts on my account with Wise w/o any issues.
  12. Mr Magoo

    To change my Wise address yes or no

    If something isnt broken, dont try to fix it
  13. Mr Magoo

    Caye Bank in 2022?

    It is just a matter time before they have to change correspondent banks again. Dont get fooled by this bank.
  14. Mr Magoo

    Euro pacific bank cease operatrion, i need a new offshore bank

    ABC is a decent bank if you do occasional transfers. It all doesnt look all too profesional. With my BZ LTD at the time I didnt have much choice anyways. Yes they call you for every transfer. In the beginning skype and after that just phone calls to ask you what the transfer is for and what the...
  15. Mr Magoo

    Best US sim card for a 365 day phone number

    Try Ting
  16. Mr Magoo

    any usa bank that allow personal account with eu passport ?

    opened a personal account with WellsFargo w/o any issues. They just wanted to know my ties to city X in the US (regular business visits) but didnt ask proof of that. They accepted my foreign address even! That was like 3 years ago. Had to change my address to an US address some time ago and put...
  17. Mr Magoo

    Life in the Caymans

    problems mentioned above are similar for most 3rd world countries. Corruption is indeed high in every state in mexico, same as crime and cartels have also infested the long regarded safe southeast. How easy the (permanent) residency is to get varies from state to state. Ready that there is now...
  18. Mr Magoo

    Life in the Caymans

    Ciudad del carmen dedicated to the oil industry. So eat your heart out there. Better options are Merida if you can stand the climate or Querataro 2 hrs north of MX city. Campeche is nice but i think you will get bored pretty quickly there. Gringos love to live in San Miguel de Allende. Tulum is...
  19. Mr Magoo

    Eastern Caribbean CBI and Taxation

    think its the other way around: 1st you become resident and that facilitates to become a citizen
  20. Mr Magoo

    Best physical EU bank for expat

    i didnt mention my residency. Just my EU passport and a proof of address using my electricity bill in NL. You can go with ING, RABO, SNS if things havent changed in the last few years.

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