Recent content by Cloudbanck

6) Open an account with a European address, but with an Asian broker, for example Monex Boom in Hong Kong.

You are Danish right? That means your TIN number for Denmark is your CPR-number which is in the Danish passport which I assume you gave to Revolut when you signed up (unless you used a different passport of course). So technically Revolut already has your TIN number , at least for Denmark.

I mean A is on their menu, and can be picked, but yeah I guess it's not entirely supported. Then I also spend a lot of time in African country D which isnt on their menu at all. I have this theory that if you are an EU citizen and opened a Revolut account in an EU country, they are quite...

They say that they will block incoming transfers if a TIN isnt provided on the deadline date, so I dont think the account will be closed down. I have this situation that I reside in zero tax country A, and I entered country A as my tax residency in Revolut. Revolut then kept auto-requesting me...

I looked up Baar in the official tax calculator for 2024, and assumed single person 35 year old, no religious affiliation, earning a decent 240,000 CHF gross income, but not enough wealth to hit the wealth tax. Total federal + cantonal + municipal tax would be 48,206 or 20%...

That's because Italians generally own their homes, and because a large chunk of Germany had communism. Look at the other countries that had communism, it depresses median wealth dramatically and the effects are long lasting. If you just take West Germany, I wouldnt be surprised if West German...

-For business accounts, businesses registered in which countries do they support, and what restrictions are there on where the business owner(s) must be residents? -For personal accounts, where can the person opening the account be a citizen/resident? -What do people say about the EMI on this...

It - in the sense of no ETBUS - i.e. no US tax for non resident aliens selling to the US from abroad is not new. Basically it's since the US Revenue act of 1936 (which specified on what withholding tax would apply to for non resident aliens somewhat) and earlier. And it was clarified in a...

Do you need to become a tax resident of St Kitts though? It depends somewhat on one's citizenship and previous/other residences, but often just being a resident is sufficient. And anyway, St Kitts Nevis was good enough for John Cleese:

Cyprus is in the EU, there are many EMIs accepting EU and EEA companies: Zen, Ecommbanx (based in Cyprus) Currenxie, Interpolitan (Not US, not blacklist), Vivid (EEA), MisterTango (Not US, not blacklist), Verifo, Airwallex, Narvi, Intergiro (EEA), Juni (EEA+UK+Gib), Nebeus (Crypto friendly...

They ask it for a single member US LLC yes, which is not a US person. So a non-US person with no operations in the US - thats what they dont want. But are you sure they dont accept a US person (i.e. multi member LLC) selling to outside the US? I havent checked myself, but wouldnt be...

How about switching to a multi member LLC by e.g. having your spouse or family member or someone own 1% ? Then the LLC will be a US person, and I think Mercury is much more lenient. There will be different forms to file but it's still disregarded, so no US tax.

And also, importantly, when you have taken up residency in Luxembourg, make an appointment at the Italian embassy in Luxembourg to register at AIRE (registry of Italians living abroad) and bring the paperwork showing you are a Luxembourg resident. See AIRE – Ambasciata d' Italia Lussemburgo

Yeah well, some of these have been around for 20 years and/or have many hundreds of employees in dozens of offices around the world. But you have to look up the one you want to use of course. Id be somewhat careful with the chinese ones even if they are big and have US offices and...

Yeah, most of them are free, not sure about the chinese ones. I tried to deliberately exclude those that charge high fees to maintain the account because they focus on companies that cant onboard anywhere else. And I got more: Bancoli (US), VertoFX (UK), Currencies Direct (UK), FV Bank...