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  1. O

    Wise CRS question

    You can keep your card when you move to Thailand, but you can't renew them.
  2. O

    Living in a territorial country like Thailand + LLC. Good idea?

    From my own experience, Mercury will ask more questions when you open the bank account. The will refuse you if you don't do business with US clients for example. Why can't the LLC invoice for your services? You'll have a higher chance of getting approved!
  3. O

    Living in a territorial country like Thailand + LLC. Good idea?

    Yes, it's possible. However the big problem will be banking. Most EMI's don't like companies with no real business behind. Especially if you are your only client. Real banks are a bit less strict on that, since it's relatively common thing to do in the US.
  4. O

    Mercury Rejected me.. Alternative?

    No, nothing! That's why I wanted to a Mercury account in the first place as I need a debit card to pay my bills.
  5. O

    Mercury Rejected me.. Alternative?

    Not for US LLCs. At least not for now. Luckily it is on their roadmap under ”˜later'. Hoping it will be soon!
  6. O

    Holding for assets in Germany / EU

    Just checking if you have found a solution to your problem? I am in a very similar situation right now and I would like to avoid the German WHT of ~26%. I am most worried about economic substance requirements of the holding company by German tax authorities.
  7. O

    Mercury Rejected me.. Alternative?

    I created my LLC for a online marketing company. The website looked professional with a good domain/name. I said that *some* of our customers are from the US, which is why I am applying. Also had a ”˜real' adress + US phone number matching the area code (delaware). I also had social media...
  8. O

    Suggest US bank or EMI for US LLC

    That's what I did with PayPal and it got approved. However as soon as I received $25, I got asked to send ITIN or SSN verification. So now my account is blocked”¦
  9. O

    EMI bank which can provide physical/virtual card for Delaware LLC

    Wise do not offer a debit card (real or virtual) for US LLC. However it is on their current roadmap and it will be available “later”. No precise date has been given. Fingers crossed that it will be soon!
  10. O

    Llc usa with bank account. Taxes

    True with some conditions. For example you can't be a US resident or hire people in the US who work exclusively for you to further your business. You or your LLC might still be liable to pay taxes in your home country, or in the US if you don't meet all conditions.
  11. O

    TransferWise CRS reporting if residency from non comitting country

    I don't think they do it yet, but it's just a matter of time until they are pressured to do it (if they don't already do it). N26 already does CRS reporting for example. Better move to a low tax country and sleep well at night.
  12. O

    Transparent entity(USA/UK) + resident in Europe with progressive tax system

    If you live in the EU and manage the company from the EU (e.g. where you live), most countries will consider the company to be tax resident of your country, which will make it subject to corporate income tax. The only way to avoid this is to move to a country with low or 0% personal income tax.
  13. O

    Business Bank Accounts for British Virgin Isle (BVI) Company

    Last time I talked to OCBC, you also need to be in business for at least two years.
  14. O

    Can't pay 16 Gbp for Wise business

    A Revolut account would work if you have such an account!
  15. O

    Transferwise business account debit card or virtual debit card not available in the US

    Got a card from Transferwise shopped to Thailand. It seems that any address would have been possible.
  16. O

    0% taxes US llc + Residency in Thaïlande

    You can pay yourself a salary/payout every month, but just keep it on a personal bank account outside of Thailand for the calendar year. Just don't have your LLC do business in Thailand as that would not be exempt from taxes anymore (even if the payment takes place outside of Thailand).
  17. O

    HK Company Structure

    What would be the disadvantage of reporting your company to the HMRC if you already report your salary? As long as you keep earnings in the company, you won't need to pay personal income tax on it. It's already become increasingly difficult of opening a bank account as it is, hiding behind a...
  18. O

    Order TW card to a supported country while the country my account isn't supported

    Will do! If they cancel it, then I will just “move” back and request a new one.
  19. O

    Order TW card to a supported country while the country my account isn't supported

    I have actually moved to a non-supported country and I changed the address in Transferwise about two months ago. Card still works fine!
  20. O

    Revolut - N26 - Bitcoin for people not living in Europe anymore

    I know that Revolut is a bad idea in Thailand. I even mention that TransferWise + local debit card is better (if not best?). The only thing that might beat is, is to bring in large amounts of cash and exchange it in Thailand at Superrich. I am not sure of this is still the case though. I still...

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