Recent content by Borg

So you did not actually use their services?

Just one remark regarding the non-dom status, there is no mention of that in any laws in Malta. Instead, they use remittance basis for your income, i.e. smth that was not remitted to Malta should not be taxed there. Overall, it is not possible to qualify somehow for non-dom status, you can only...

Do you have any names of the card processors and exchanges that would agree to onboard the trust?

I see some great risk in residing in Malta and using 5% holding structure since the local tax authority can easily re-qualify the taxation of dividend payments from the operating company. Overall, what is the benefit of Malta compared to ordinary offshore havens? What advantage does it give for...

Finally, thank you very much for your answer. Just to clarify the situation and where I am standing right now from my initial post: I set up a Nevis foundation with the nominee as a councilor (not offshore nominee) to get the image of the real management. My target is only to get an eye off the...

So far there is no suggestions for the proper bank account for the Nevis Foundation to which it is possible to send more than 10k without fear of losing it. Any useful suggestions from the professionals?

Right. And if you are a "professional" and things don't go as expected just use 'it is your fault' strategy. The bright example can be observed in a few posts above - there are no solutions 'because you are a newby to offshore'.

IDK if this is still actual for you. You can get tax residency status there almost immediately if you go on the self-employed scheme. The application process can be started from abroad and is very easy. Once your initial submission is approved you will come to Mauritius and register as a self...

The support is not too bad, they respond to the emails. I am more worried about their reliability for transferring money there. Their correspondent for EUR account is Bank of Africa which makes me extremely anxious. Internet banking seems to be a bit old-fashioned too. If they are good though...

I will call them. I hope they offer something other than Nevis banks.

1. your posts - this is too vague, please clarify 2. I don't sell to anyone, if you ask I tell you to take your hide. - well noted 3. where is your foundation located ? - Nevis multiform foundation in the form of the regular foundation

1. What makes you think that I am an amateur? 2. What exactly do you want to sell? 3. No problem visiting a bank and presenting my foundation. What bank do you have in mind?

I talked to many professionals and apart of setting up 10k+ per year structure there is no much help. Bank account opening is not guaranteed, of course, as you might know as a professional. My foundation is already set with the nominee councillor. All I need is a proper offshore bank account. I...

So you suggest simply opening a local bank account? And why would I set up an offshore foundation in the first place?

Come on no one ever encountered it really?