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    Bangladesh Offshore Banking Units

    Dutch-Bangla looks like a better option, however, they also do not have a way to initiate a swift transfer from their internet bank. There is a separate "fund transfer request" form which has to be filled and submitted instead. I'm not quite sure how they actually process/authorize this, as it...
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    Bangladesh Offshore Banking Units

    Their web interface fails when uploading docs.
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    Bangladesh Offshore Banking Units

    I tried applying online with Eastern Bank PLC, but their web form fails in the end with "method POST is not allowed here" error. Also applied online with City Bank PLC, got an acknowledgement email and now waiting for the result.
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    Bangladesh Offshore Banking Units

    Those OBUs require to appoint at least one "nominee" for an account. Does anyone understand what they mean by it? Can an account opener be a nominee?
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    Thailand Banking Change

    So, long story short - no, one cannot open a bank account in Vietnam without a 12-month visa at the moment. Full story: In every bank they first of all ask how long you stay in Vietnam. If your visa is less than 12 months, then usually it is game over. However, Vietcombank offers special...
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    Thailand Banking Change

    May I ask you which Vietcombank branch in Da Nang you used? I'm going to fly to Da Nang to open a bank account in a few days and will later post in this thread the outcome.
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    Setting up a BVI foundation

    Hi there, The way you see it at the moment is a bit naive, I'm afraid. Generally if a BVI foundation is managed by NZ tax residents, it is considered NZ tax resident and should pay NZ taxes as usual. If it is only partially manged/controlled from NZ, then it may be considered a CFC structure...
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    NZ Citizens Living in Panama: Best option(s) to legally reduce personal and business tax as much as possible.

    That's what I called "50 shades of grey" option. Most likely outcome: NZ IRD considers this setup as having only one purpose - reducing NZ tax, which is tax avoidance and a big no-no. Therefore it is null and void so it continues to tax as if there was no such agreement at all. It theory...
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    NZ Citizens Living in Panama: Best option(s) to legally reduce personal and business tax as much as possible.

    Wow, a lot of questions! Good preparation, though. Why don't you ask them to some NZ and/or Panamanian tax advisors? My 2 cents (IANAL, just my opinion): As tax residents of Panama with income from NZ company you shouldn't be liable to tax in Panama, just the NZ tax. I don't see how it can be a...
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    Monese warning

    It took them one week to credit my incoming transfer from Transferwise within SEPA zone (usually takes up to 6 hours). Seems like it was accounting issue on their side, but they never replied, so not sure. I didn't use any mediators (never heard of them in fact), just emailed their support...
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    Monese warning

    Agreed. Uncertain times ahead. Even Russian oligarch-backed Revolut is a bit suspicious to me. Looks like EU is committing a financial suicide so better to diversify and get some popcorn :)
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    Monese warning

    Unlikely scam. More likely, some financial/organisational issues. There are some warning signs, like: increasingly losing money (ref. their financial statements 2018 and 2017, lost 12.4m and 7-ish m respectively) and publicly admitting they need additional funds to continue to operate like this...
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    Monese warning

    I've just got the funds credited. Not quite clear what was the issue, as the support hasn't replied.
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    Monese warning

    A week ago I would've laughed at the statement "Monese is a scam", but now I'm not so sure. As their paying customer for more than a year I've had a number of transfers settled without a glitch. Up until last week when they "lost" my 2k euro payment and went undercover. On 20th May I...

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