EMI that does not ask for proof of residence + bank statements?
- Thread starter L1orB
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No, there are not ”“ and cannot be. As well as you can, in general, avoid showing the bank statements, you cannot avoid showing the proof of your residence. All the financial institutions are obliged to ask for it by the AML/CTF regulations.
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
What does digital nomads do? I fly a lot and hold no permanent address.. I don't pay anything anywhere.
They lie to themselves.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Digital nomads usually have residency or at least bills in their name, but not tax residency in some country that can be used for opening bank accounts.
I have no personal experience with this; but
having a residency address and the corresponding proof of it is not necessarilly related to staying there permanently. Perhaps this is not the topic that is to be dicussed here publicly but in Mentor Group you, @L1orB, probably can find some explanation...
Well, tax residency of ”a digital nomad” is rather complicated problem, AFAIK; but from what I recall sometimes it is supposed to be in the last country of their regular tax residency, at least taxmen like to see it so 😉
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
It depends somewhat on one's previous country of long term residence and country of citizenship, and when these coincide we can call it "home" country. If we put the US, Hungary, Australia and Norway aside, the taxman in one's "home" country will basically check if one meets the criteria for tax residency or not, and if not, that's it, one is not a tax resident in one's home country - and most likely no where else either.
From what I have heard (neither personal experience nor being a direct witness), some taxmen insist on a proof that you become a tax resident elsewhere before releasing you from their claws...
But I definitely not consider myself being an expert re: this and if I faced such a situation, I would definitely seek for an experienced tax advisor.
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
Just taxmen from the countries I listed, plus Spain that I forgot. And neither Australia nor Spain technically require you to be a tax resident elsewhere, but in practice being one and having proof helps.
And no, you dont need a tax advisor to leave the tax net of your home country, it is usually pretty straightforward. And anyway, most tax advisors are quite useless when it comes to international stuff.
Yes, the stories that I heard concerned Spain and some nordic country (i.e. possibly Norway), IIRC.
Yes, may be.
I agree; yet there are some quite clever. I've used one personally in the past 😉
But let's not hijack the thread, tax residency and related issues are OT 🙂
Last edited: Jul 1, 2024
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
They use the residence of relatives and friends! 😉
There is NOT enough manpower to chase "unknowns & moving targets with unknown wealth."
PS. The exception is those who brag on social media or humiliate and belittle their friends and families with wealth. Many countries (maybe all?) have a rewards program, e.g., Whistleblower Office at-a-glance | Internal Revenue Service
Last edited: Jul 2, 2024
Ibernaco LTD has very easy KYC, no live verification. However, they have a high account activation fee.
The real name he is referring to is Iberbanco Ltd. Keep in mind that while the compliance is low, the pricing is very high (2K EUR for an individual account + 20 EUR per transaction + 50 EUR per month). Nevertheless, it is crypto-friendly and might work for some people.
that depends on the country.
some want, some want you to have left (and you can travel around the world constantly).
TIFIFY! rof/%
I am 100% sure that Hacienda, the IRS, Bundeszentralamt für Steuern, and others do NOT give a rat's *ss if the unproductive person on welfare who is LEECHING OFF THEM leaves to "greener pasture," even if they go to a tax paradise! 😉 rof/%
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