Setting up Company and Bank account for Remittance and Cryptocurrency investment

[clashwithandrew]

Hello,

I have a real estate and investment consulting business that deals with foreign clients and I get paid in USD. I also want to invest in crypto. unfortunately my country doesn't allow crypto investments. Can i set up an offshore company and Bank account where my clients can deposit my payments and which i can use to invest in crypto

 

[JohnLocke]

It's private crypto investment right?

If so, you can setup a company and business EMI‌ account which allow crypto i.e. Transferwise, AdvCash, Mister Tango etc. so you want to use‍ Kraken to trade on behalf of your new company.

 

[Gediminas]

Hi, what is your tax residency? What kind of⁣ volume are we talking about?

 

[clashwithandrew]

It is private crypto investment. But the company is not just going to do crypto investment.⁠ I will also receive payments for my consultancy service and I would also like to⁤ make payments for some of my international subcontractors if possible.

Is saychelles a good place⁣ to set up a company for this purpose.

 

[clashwithandrew]

I will have about 1 million USD.

 

[SaintVince]

Also interested in this solution.
What banks will allow weekly transactions to purchase crypto?

 

[Havoc1165]

Hey,

What did you end up going forward with?⁣

 

[CaptK]

This is crucial info and Citizenship also.