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Wow, one of my main-topics these days. The main problem of the cannabis-industries like in the US or Canada is it's oversaturation. Every state where it became legal sees an extraordinary rise in dispensaries. They are little village with 5000 People but 10 dispensaries in it. The more players...

Hello, well this approach worked about 5 years ago. Since then I never tried it again. It is possible that more and more exchanges check the owner of the Sender-Accounts right now.

Despite this thread is old, I wanna describe my current plans and setup. As banks decline any kind of business (like I described it here: 100% Compliant, 0% Banking) these days, I gave up finding one. I use cryptos (BTC and stable-coins) instead and I work with brokers who support cryptos as a...

I got the same opinion. But EMI's are anything than good laundromats they are laundromats for their owners but not for their clients. Due they close down any accounts at anytime mostly even faster than Paypal. You seems to stand on the wrong side of the fence. But there are two ladders I use...

Yeah, another thread which seems to fit my knowledge ... You are interested in an investment-advisor-business, this type of business requires a license in the USA as well as in the EU. That's why these jurisdictions are not suitable for your business. Unfortunately many offshore jurisdictions...

Your right, but then they accept crypto payments only (like simplefx.com). Slowly but surely you won't get a bank anymore anyway, even if you stick to the regulations (such as substance, local director and UBO). Look at my recent thread: 100% compliant - 0% banking

Hello sounds very intersting. I recently noticed that St. Vincent & the Grenadines does not issue Forex licenses any more (since 2018 to be exact). So the Brokers have to "regulate" themselves in SVG. Sadly there is no offshore jurisdiction who has a similar opinion about private hedge funds...

Well it is not really a business-approach or style. It just pretends to have a business that you don't actually have. As I already wrote "No business registration, only a virtual address with mail/phone redirection" This comes fast to an end if a business partner wants to see your...

An IBC and a LLC both located in the same jurisdictions as they were incorporated with substance and UBO living at the same address, do not get a bank account (no introducer was used). LLC, located in jurisdiction A: 2 banks visited in person both rejected as the business is mainly overseas...

Theoretically yes. Even shutting down the whole company for months for tax investigations are also common in socialist states like Germany, Sweden, Denmark, Finland, Norway. But everything is a game of odds, chances, gain and risk. This has been already answered, 2 times by 2 different people...

I was a customer of this Bank back in 2012 when it was freshly opened. But even at these days the regulations were very tight. Every transaction (even small ones around 1k) required a "Source of Funds Declaration" which was very burdensome to my clients. Just two weeks later I closed the...

As already explained, I repeat it in similar worlds: General Sales Tax only applies to end-customers (B2C) but in your case it's a B2B transaction, so GST does not apply. But another risk could rise up in the future: As Germany is the North Korea in tax-questions and global trading they could...

Theoretically you're right but ... did you tried to find a fair priced condo for longtime rent in a tax haven already? I did or better I tried, 99.9999% of all offerings are overpriced villas for tourists. Sure you could find a garage in a third world country somewhere but which Bank would...

@pastet89 You have to know which taxation system your home country uses. When your country uses a territorial tax-system your offshore-tax benefits are NOT lost. If your country taxes worldwide income and has CFC-Rules in place you need to rent a virtual office in a country with a territorial...

It depends which high tax jurisdiction you need to do business with. Every high tax juridiction defines it's own Low-Tax-Barriers (like 20,15 or 10%). When an offshore jurisdiction is below this barrier, invoices of these offshore jurisdictions will be declined. If you consider that many...

Hmm first you need to know how your business is structured. If you do affiliate marketing, then you can go offshore with ease. But when your offshore company needs to send invoices to other companies (including your own ones) located in high tax countries, these invoices will not be accepted by...

Hello, I made good experiences with Cozier they are specialized more in trust structures, but they are fast and honest. Banking could be done via BONI, competent and reliable people but as all little banks they are relying on their correspondence banks. But we all know how quickly those ties...

Hello if he is using an IBC in these days, he is fulfilling the substance requirements in the Seychelles somehow, or has a tax-residency in another jurisdiction for this entity (how i already described here). If he is opening the accounts in person, his acceptance-rate should be even better.

A director position for someone you don't know? Very risky! I thought more about a lawyer who is somewhat limited in his powers despite his director position. How you can limit the power of a director legally?

In some jurisdictions we need more than 1 director so establish an entity. Especially for licenses (for Brokerage/Banking/Insurance/Gambling/Sport-bets etc.) we need more than 1 director to apply. How it is possible to overcome this obstacle? I mean except using a photocopy of a passport by...