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Georgia would need $500k invested in the country to give you that status. Also they sometimes decline to issue residence permits (something that may be useful to get HNWI tax residency) for men from Russia/Belarus on the "national security grounds". I'm not an expert on laws of Belarus, but...

Congrats! I believe they could have requested a proof of that turnover - happens sometimes. ID card is indeed a same-day process, confirmed personally last week. Beware the banks, they were much better couple of years ago, before influx of Russians. Thank you for sharing!

Singapore is a big financial center. They do offer US ETFs and also access to many other countries' markets. No problem here at all. Have you been able to work it out with OCBC?

I have a friend who used Singapore for his startup. He has never visited Singapore, got some kind of virtual office and local director and a bank account in US Mercury. That was a year or two ago. I don't know the details, but he was happy generally. What was your experience with Georgia...

Thanks for the info! Can you elaborate this? P2P is not allowed but licensed rain.com is fine and you can transfer from them directly to your account without questions from the bank?

Hi. You may try Xapo Bank. Integrated crypto exchange, offers deposits and possibility to buy stocks (expensive), fine with Asia. You may try neobanks in EU, like N26, if you still have address back in Europe. Possibly not one account, but a few. The last one, depending on your Asian country...

Some "audit providers" would have partnership with a specific bank. Meaning that bank certainly accepts their audits. Use those if possible, otherwise it's literally what you said: you go through the process, spend time, funds may get rejected. Don't expect a random non-crypto friendly EMI to...

The news is not about SoW / banks / buying real estate, just that investment residence permit application. The government agency handing out the permits want to see that you have money and that you invested the money into Hong Kong. Crypto is enough to show that "you have money" but does not...

Hah you got me on stability of government :) As long as those guys are in power trusts should be fine.

I guess cryptofriendly means trusts - Law on Trust was published in 2019. It's not something "secret" that should not be posted here, honestly. It's also not a legal ownership at all. It's just a bit more formal way of the old nominee arrangements. Now nominees are called trustees, need to get a...

Hi. If it was a foreign LLC, it would become Georgian resident in your case - to be taxed just as a usual Georgian company. Not sure about LLP. You will have serious difficulties opening local bank accounts for a Georgian LLC. IE may work. Cheers.

Hong Kong just has this weird process: 1) Demonstrate that you have 30 million $HK for a period of at least two years 2) Invest that money into Hong Kong (local stocks, real estate etc) 3) Only after the investment you can get the residence permit. This "news" article says that crypto holdings...

Talk to https://alt.co/ They specialize on explaining crypto stuff to banks. Just tell them literally what you told in your first message. If you can demonstrate that you had a job 11 years ago (so this few thousand eur are from salary, not suspicious sources) and have conversation with seller...

They are a listed firm on Toronto stock exchange with ownership/management info published so probably legit. Just wanted to share my experience to save time for others. Yep, I got impression that compliance is pretty relaxed so may be useful sometimes. To be honest I think they don't really...

I have Russian passport and got Turkish one. Place of birth is "RUSIA", surname is very Russian-sounding. I look more Russian than Turkish obviously to anybody who deals with this nationalities. So sometimes I go to a bank, give them Turkish passport and that's it, all fine. Sometimes I go to a...

Well, they give you invoice/trade confirmation, but said no for sale-purchase agreement. You are supposed to join their T&C, like with any exchange, no signed contract. Cannot recommend them. They were inflexible to all my requests and extremely slow. Legal bits are some of the worst I have...

Yep, should be easier, but still. I have two citizenships and decided that it's not possible to conceal one all the time. Sometimes it works, sometimes it does not. I would suggest him to not try this - as one mistake will land him into hot water.

1) When filling forms your client will probably have to tick a "Are you US person?" box. Providing false info may be illegal in some jurisdictions and certainly may lead to a frozen account if the bank has suspicions. 2) I think good portion of larger banks will presume that a person from place...

It was amended in 2023 (as explained in the page linked), now it also requires investment of half of million USD into Georgia, so it's less attractive than before.

Signed message is fine to prove your control of keys and coins, "certified true copy" is fine to prove date. But in case IRS will have questions they will hardly bother with scanning notarized copy to convert to file to check signatures etc. You will manage it, but it will be difficult. You may...