Recent content by BusinessOne

I have recently been checking the financing requirements in some luxury car dealerships in Dubai, and they just seem to require me to have a salary certificate and 3 months of bank statements. (Besides Emirates ID card) Do you think they will also ask for some credit report from abroad or...

Was anyone here able to get a merchant account with a UAE bank? Or are the requirements too high? I see most people here promoting third party payment processors, instead of going directly with banks and merchant accounts.

Thanks, I'm interested. Send me a DM.

But what about a business bank account with merchant services (Credit card processing). I have heard that requirements for those are greater. Should I apply for an ITIN online then? With that will it be enough to open the business accounts?

I want to get merchant bank accounts from Chase and/or Bank of America, in order to have a more solid alternative to Stripe for processing payments long term. I am not a citizen nor resident of the US, but I have owned a US LLC for over a year. Will I be able to open a merchant bank account on...

Wouldn't high tax countries like Spain, France, UK, etc ask for proof that you have stayed 183 days in such country? (In the case an investigation comes) And would you get a tax ID in Dubai in just a few days?

My bank in Spain is forcing me to submit a form with a Thai TIN, or they say that my account will get frozen in 7 days. I have also asked an agent here, and he got rejected at the Revenue Department after paying him 10K Baht to get the TIN. I have heard that another option would be to set up a...

I recently got rejected a Tax ID Number (TIN) from the Revenue Department in Thailand, after staying more than 6 months last year in Thailand. They said that I must have a "long term" visa, and that neither the education visa that I have, nor an Elite visa, are valid to be a tax resident in...

Would you recommend sending the money to Thailand before January 1 even if it was earned this same year? I keep hearing that the tax law changes from January 1, so not sure if that means that a large amount still could be sent on December without any taxation or checks from the Thai tax...

If it was earned on 2023, and I send it to Thailand after January 1 2024, would that avoid Thai income taxes? And is it normal for the Thai tax authorities or banks to ask for tax from a foreigner who has sent money to the country?

I was planning to send over 10K€ to Thailand to purchase a property there, but I'm scared of what repercussions this might have if the tax authorities of my country are alerted of the transfer, or if the bank decides to hold the transfer and ask for extra documents. I have a US LLC, but Stripe...

In case Bullionstar goes bankrupt, would they simply keep all the gold/funds of customers and dissapear, or would there be a way to withdraw it? Also, what kind of "source of funds" documents can they ask in order to prevent people from withdrawing their gold?

I have been receiving some payments in my home country (Spain) and now I want to use this money to buy a property in Thailand. For this I need to do an international bank transfer of the full amount to Thailand, but I'm afraid that the bank might freeze the transfer and ask for extra documents...

What company do you recommend for that price that is legit? In case I have a rented property in Dubai for substance.

That's the problem, once you try to insure it and register it in your home country it might trigger an alert. If it could be registered in another EU country it would be safer, or with another setup like the loan or after having declared the money abroad. I didn't know about the check, thanks...