Recent content by Xshore

Shouldn't this be possible in Singapore? They have some exit tax on certain pension type accounts, but not on the company and company shares as far as I know. The company can move out of SG and cease to be a SG tax resident if managed from another country. There must be many other low tax...

You're wasting your energy fighting the banking rules. You can't have an account with them if you don't provide a residency address and TIN a supported country.

Customers in USA doesn't equal ECI. There's many other treads about this, do a search.

It seems normal to me that they want a TIN for the country of the address on the account, why do you expect them to accept a foreign TIN in another country than the one you tell them that you live in? Is it possible to change the address on the account to your country A?

yes, if you define "business activity" = ECI.

A few years ago the big banks didn't care if the receivers name on the ACH transfer didn't match the account name, not sure if this is still the same today. Maybe it could trigger a review if you received many transfer to different name, but I received transfers sent to a company name in my...

How do you get the US address on the foreign company 's bank statement?

Not without reason. But they probably have a reason.

Then you should check the tax treaty to see if you can avoid paying tax in the US.

Do you want to live in the country and run the company there before leaving, and do you want to bring the same incorporated company with you out of the country? Or when leaving will you incorporate a new company in the new country and buy all the assets from the old company? If using the same...

How about a US address? Do you need to pretend that you operate and live in the US? I couldn't even get a US PayPal opened for my US llc, they said that a SSN is required (I called and talked to them), I'd think it's even harder for a foreign company. But great if it's possible.

Look for countries without a capital gains tax.

? He don't have to hide it if he doesn't own or control the companies.

Yes, you don't have to pay taxes for HK companies that you don't own or manage.

Try look for a bank that let you refuse to sign the FATCA paperwork...