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This thread follows my earlier thread "cashing out bitcoins" https://www.offshorecorptalk.com/threads/cashing-out-bitcoins.23755/ Thank you for helping out so far with the queries and also to those who reached out to me and talked in detail. I have come to the conclusion that I take up...

In this case, if MisterTango or the bank question your source of income, how do you justify it? Please point me to assistance for this as this is the missing link for my requirement too.

Could this be a great solution: Step1) Get St Kitts citizenship ($200k locked for 7 years) and Step2) then base out of RAK (actually live there over 183 days a year) and Step3) get the bank account with a crypto friendly bank somewhere? I understand the Step 1) may be overkill

Ok, I get it. This is very concerning. Can anyone else confirm this too? I have been told the opposite earlier. If I'm a legit citizen of St Kitts, why wouldn't a bank believe me? I don't need to have a company in St Kitts necessarily, my company could be elsewhere but St Kitts is just what I...

I don't have a problem with working. If lets say I have the resident visa in Dubai(3years residency) or St Kitts (permanent), my bank would think the company is run out of there as I have maintain a virtual office and nominee director. From that point onwards, I would only stay under 183 days...

I do have good ideas on how I can complete the paperwork for the trail of trading transactions leading to the BTC that needs to be cashed. Anyone can advise how to find a reputable tax accounting firm (for help with answering bank's queries about source of funds) that also does offshore...

How hard is it to answer such queries by a bank? How further deep are they willing to go to get their information considering that I would be a resident of a zero tax country

How would you explain the source of income to the bank in case they ask for the source of money flowing in? The source is bitcoin, but it is not easily explainable as income is from trading which is unorganized, and also some mining. If your bank doesn't ask for source of money, then in future...

If the bank account of Seychelles company is in another country such as UAE, what kind of information will the bank account ask for regarding the source of funds, and what are some good services or methods to provide such information without getting in trouble. Assuming the source of funds is...

Sounds interesting, the part about an app to be marketed to the Chinese. I'm curious what kind of idea is this? I've been into online marketing. Care to point into any writeups on this market/method. Good luck with your venture too :)

The way I understand this situation is: If he already gets paid via a marketplace such as Upwork for work, could he shut the upwork account and start new one on the name of his Panama company with a Cyprus bank account to get paid by his clients. Then bill the Panama company for consultation...

I see, so temporary resident card is no good, hmm.. but Dubai etc. is so easy people seem to be doing it, how is that panning out? Dominica by the way offers permanent residence for $100k. That is pretty good Regarding darks, I was wondering what happens if you open a bank account claiming you...

Move to Paraguay and become a resident by showing around 1k euros monthly income. Get naturalized in just 3 years.

Here's some useful information on how tax residency is supposed to be figured by the bank / tax authority Tax residency - Organisation for Economic Co-operation and Development Looks like if you maintain a nominee director and a nominee shareholder along with virtual office (phone number...

Is it true that if you are a resident of zero tax country and have your bank account there using the resident country credentials, then you can live anywhere else and be liable to pay no taxes because your resident country bank can't report you to your home country? The bank doesn't know about...

Excellent. Thank you I am aware of their "friendly nations" program, but what if your country isn't in the list unfortunately Is a temporary residence card also good enough for a bank to accept? I mean, lets assume I am a student in a country with a temporary residence card. Would the bank...

What if all the banks within CRS signees run an algorithm across all the photos of all bank account holders, in order to determine whether any people own accounts across multiple countries but with different names? - It would help identify those that intentionally run bank accounts with fake...

1) So lets say you provide them darks claiming you are a resident of belize and you also have a belize ibc setup with darks. Then you attempt to create a bank account in Cyprus The ibc and bank account locations may be different, I'm just supposing. Why is it easy to make the account with EMI...

In this case, which country would you claim you are a resident of? Then because of AEOI, if the bank account country shares information with your claimed residence country, then the residence country would find out this citizen doesn't exist? What do you do then Or do the residence country not...