Paxos also issues stablecoins for PayPal (PYUSD) and used to issue for Binance (BUSD). That might give it some credibility.
Tether and Paxos are the biggest issuers of stablecoins, if any of them were to go down, the whole market would come down with them.
But why not try to buy some PAXG and...
"Thailand
Residence-based taxation.
Taxes foreign income of residents: Yes*
* Only if the income is remitted to Thailand in the same year when it is earned."
https://en.wikipedia.org/wiki/International_taxation
https://www.ey.com/en_gl/tax-guides/worldwide-personal-tax-and-immigration-guide
BUSD and USDP are almost the same.
Both are issued by Paxos, 100% backed by dollars, regulated and audited.
There's also PAXG, pegged and backed by real gold.
Well that would defeat the purpose of having no accounting. A New Mexico LLC seems more private and cost effective.
Even if accounting was an option, wouldn't a UK non-resident LLP be a cheaper and more straightforward solution than Cyprus?
What would be good setup for someone living in territorial tax countries?
Assuming you're only making money online from abroad in ecommerce or crypto. Ideally with no accounting, taxes, low cost.
You get an actual ID issued by the government. The NFT is just a digital version.
The question is, can you open a bank account abroad with just an ID from your/another country? Don't banks usually ask for passport instead?
Just open their Google Play link and see all the bad reviews lol.
The website seems vague also. No proper FAQ page, most links go to the contact page..
About 2mo, but things are moving faster now.
But after you get approved you can download a digital ID on the website, so you don't have to wait for the physical card.
They had a high demand. The cards are still in printing phase. They should be shipped soon.
I guess it won't be much difference than a Dubai freezone address.