Recent content by anotherone

The baltic countries EMI's aren't great for business and i don't understand why people use them. Bankera and co rejected my business application also. I guess they are only interested in small clients. There is nothing you can do except choosing another jurisdiction. I would suggest you to get...

current situation is as follows: Binance only accepts transparent ZEC t-address (no privacy) Kraken only accepts transparent ZEC t-address (no privacy) Gemini accepts both transparent and shielded ZEC addresses

I know it is a cold case, but i'd like to leave a piece of information related to loyal bank. In the past, WITHOUT ANY warrant or legal ground in St Vincent, Loyal Bank cooperated with the French tax authorities. Loyal Bank disclosed all details of one of their french customers who opened a...

I forgot a major aspect that triggered the tax investigations. In all cases, the person charged got paid from his/her offshore company via dividends. The indicted individuals declared dividends coming from their offshore company in their personal income tax returns or corporate tax returns.

According to this page, it says that dividends are taxed at 20/80 rate? Calculation of basic exemption | Estonian Tax and Customs Board Dividends received from an Estonian company and taxed by the company: at the standard tax rate 20/80 - will be taken into account as annual income in the...

1. For example, I think that Montenegro 9%, Hungary 9%, Bulgaria 10%, Bosnia 10% and North Macedonia 10% are interesting. https://www.gov.uk/government/publications/montenegro-tax-treaties https://www.gov.uk/government/publications/macedonia-tax-treaties But, I think about a practical issue...

Here is the article 5 of the Double tax agreement between UK and Hong Kong: https://assets.publishing.service.gov.uk/media/5a80481840f0b62302692963/hong-kong-uk-dta_-_in_force.pdf ARTICLE 5 Permanent Establishment 1. For the purposes of this Agreement, the term “permanent establishment” means a...

He is not off topic, let me explain you why. In order to be non resident, you could choose a UAE or HK director (Article 5 (permanent establisjment) & 7 of Double tax treaty with UAE and HK) so that your UK company should pay Corporate income tax in UAE (9%) or HK (up to 15%) rather than UK. I...

I prefer a nominee director who does not want to get involved in anything rather than a nominee director who requires to see bankstatements of the company; then get greedy and wants to get paid more every year to be a nominee.

I am going to talk about the UK practices. In the UK, there is no legal requitements to get the director signature on dividend statements. If you really want one, you can appoint a company secretary, and delegate this task to the company secretary. In case, of tax investigation HMRC does not...

To the readers, I have updated the original post and I have added some crucial information

In 2016, UK has introduced the Person with significan control concept to avoid having nominee shareholders listed in the Company house registry as company shareholders. So, Why are there still company formation agencies that offer nominee shareholder services? Are these offers illegal...

I have discovered the techniques that French state workers use to start legal proceedings against directors of offshore companies. They use the following databases: DUN & BRADSTREET FAME From these databases, they browse the lists of virtual office addresses with the highest number of...

This thread was very useful to me. I discovered that in my Wise business account, I had the option to create users with different credentials. One role is viewer

Nomad Capitalist does know what he is talking about. In this video, he says that Nominee director is a bad idea. He is SO incredibly wrong. 1. Permanent Establishment: assigninig a local director to your company helps you to create fiscal substance or permanent Establishment in the country where...