Offshore bank accounts

[FullDISK]

auric said:
correct me if I'm wrong. But doesn't this only matter if you are a US citizen? Say I live in Europe and I'm the beneficial owner of a US LLC, how does FATCA comes into play?
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You will need a EIN from the US government for open a Bank account for your US LLC. Its required, no bank will open that account without EIN number to IRS. If you are a non-US citizen they will confirm if no incoming or trade was made in US, if not, then tax will be 0% to you.
FACTA works for all US Companies, include Non-US owners.

 

[JohnLocke]

Thanks for clarification @FullDISK thu&¤#

No one mentioned CIM bank yet - someone knows more about this bank?

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[FullDISK]

CIM is a good bank but extremely expensive, but they will ask you for all dominees docs... and do not open accounts to US Companies.
Also is a good option for who want to open the account remotely, they only ask for a Skype conference.

 

[Jay Jay]

DeMajor said:
digital currency account with dark docs
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What do you mean by this?

 

[negon]

You can find lots of threats about this on the forum.

This is one of them List of EMI and Digital Banks

 

[Matt]

Hey, I am new on the forums !

I am 19 and live in a country that is in Europe and is in European Union but my country has high tax rates. 100 % of my income is from online sources like YouTube, currency exchange, my online business ( selling clothes ) and sometimes i do some freelance programming work. I have no bank accounts in my country of residence whatsoever and i only got Payoneer account and their debit card but since i actually want to pay taxes i want an offshore bank account.

So i am wondering how could i LEGALLY have all my money on my bank account and spend it on anything from my groceries to buying a new house or a car in my country and worldwide when i am traveling or something.

 

[negon]

Welcome aboard 🙂

Matt said:
So i am wondering how could i LEGALLY have all my money on my bank account and spend it on anything from my groceries to buying a new house or a car in my country and worldwide when i am traveling or something.
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You can open a bank account for instant in Cyprus with debit card! But legally you won't be able to open an bank account anywhere on this globe unless you pay tax and as long as we speak personal or simple corporate accounts.

Most in your situation are going for EMI accounts!

 

[Matt]

auric said:
Welcome aboard 🙂



You can open a bank account for instant in Cyprus with debit card! But legally you won't be able to open an bank account anywhere on this globe unless you pay tax and as long as we speak personal or simple corporate accounts.

Most in your situation are going for EMI accounts!
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I actually do want to pay taxes just not to my country because it's high. What should i do ?

 

[negon]

Okay, so you will need to register a company that is controlled and managed abroad, you need to convience your tax office that it is like that which is the hardest part.

Finally you may open a new thread because this conversation will be turning into tax matters more like offshore banking!

 

[DeMajor]

Jay Jay said:
What do you mean by this?
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yes EMI accounts is what you want to look for, it's much better..

 

[Houdini]

FullDISK said:
You will need a EIN from the US government for open a Bank account for your US LLC. Its required, no bank will open that account without EIN number to IRS. If you are a non-US citizen they will confirm if no incoming or trade was made in US, if not, then tax will be 0% to you.
FACTA works for all US Companies, include Non-US owners.
Click to expand...

Do you know how to setup a US company with us bank account?

 

[sparco]

is it true that europeon banks dont accept wiretransfers through EuroPacific bank? @auric

 

[clemens]

sparco said:
is it true that europeon banks dont accept wiretransfers through EuroPacific bank? @auric
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I had no problems with that I can say, but wait for others input maybe!

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[clemens]

Matt said:
I actually do want to pay taxes just not to my country because it's high. What should i do ?
Click to expand...

Open anonymous EMI account and Company so you can avoid the taxes 😉

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[sparco]

clemens said:
I had no problems with that I can say, but wait for others input maybe!
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When was the last time you tried a wire transfer from europacific bank? Because i was told European banks stopped accepting since end of 2015.

 

[negon]

sparco said:
When was the last time you tried a wire transfer from europacific bank? Because i was told European banks stopped accepting since end of 2015.
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Did you try to send Euro pacific a support ticket?

 

[sparco]

auric said:
Did you try to send Euro pacific a support ticket?
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Yes I did

 

[sparco]

clemens said:
I had no problems with that I can say, but wait for others input maybe!
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When was the last time you tried?

 

[negon]

sparco said:
Yes I did
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and what's the outcome?

 

[sparco]

I

auric said:
and what's the outcome?
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I put it on hold for the time being. im busy for a month I'll get back to it in july