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I haven't done anything yet. But technically speaking you should report that change to banks/emi's. Thanks for the idea though!

I read that thread and from what I got FATCA exchanges information on deposits with more than 10 dollars in interest earned or other accounts (Brokers or something else) and they report reportable US sourced income, so dividends or other things. OP can check FATCA agreement between his country...

Well the reasons are the typical ones. Easy compliance in US because US LLC is owned by a single entity, also no estate tax because the offshore entity can't die. What is a good reason in your opinion?

Anyone with that setup? Looking for information on does Mercury have issues with this setup or other EMI's/Banks. A lot of information is there for a single member natural person LLC's but not a lot of information regarding offshore corp owned ones.

How did you manage to contact them because I tried to do so and had no luck in their response rate using WhatsApp

But a Seychelles or Belize company was no issue with them?

With the right service provider it's not that pain in the a*s. Where did you go to when you gave up?

I am not requesting shareholder services :). There are such providers.

I repeat I searched them before posting the thread. OffshoreBVI have crazy requirements such as access to all accounts, reporting of all transactions and so on. They are not an agent I want to deal with. I am in contact with Turner. There were other providers that I've found using the forum some...

Yes and I am not going with Fidesta, which seems to be the only that has been recommended in that thread. Last edited: Feb 14, 2025

Hello everyone, Can anyone recommend a reliable service provider for a BVI company. We are looking for company passive directorship services (sign a couple of contracts annualy and dividend disbursements).

It will first go into my own wallet, but eventually I would like to use it normally. I would have no option than to go through a bank. Elso Revolut seems quite lenient lately from what I've seen. Thats exactly why I am asking, did anyone try to send such document as a SOF? Or am I better off...

If I was to deposit a stablecoin in my personal revolut account. Would a dividend statement by an offshore company (BVI) be a good enough SOF for them or I am more likely to get my account closed?

Recommendations about cost-effective directorship services? Which jurisdiction should I look into? Do you think Philippines is a good one?

No. I haven't dealt with such customers just doing my research.

And how does the company pay it?

The company is providing contractor services and consulting. If it deals with EU customers from what I got dealing B2B, reverse charge mechanism is applied. What about if it deals B2C how will the company pay VAT to EU? The company mainly does web3 development and consulting. The company gets...

Let me ask did I get everything correctly until this point. ES reporting - just report that company didn't engage in relevant activity. If company didn't engage in relevant activity no UBO reporting. Annual financial return seemed really simple to fill.

They exchange the information if I say that I have done a relevant activity and I do not pass substance tests correct? If I do not engage in relevant activities they do not report?

So creating my own software and then asking for a subscription to use it should be permitted or that is in scope of ES. I won't sell it to affiliated companies