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Recent content by Clank

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    IBKR account shut down. Can I open in a different IBKR jurisdiction?

    I would avoid the Swiss ones as they are very expensive and don't provide you anything you can't get in Singapore or Hong Kong. In fact if you are from an EU country it's worst due to Lugano convention.
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    Business contact in China

    I'm based in China and actively involved in business here, so I follow the situation closely. In May 2025, China's exports reached $316.1 billion,a 4.8% increase compared to the same month last year. For the past two decades, I’ve seen countless predictions from so-called China experts...
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    Hiding US LLC profits by electing for corporation tax treatment

    What you are saying is the worst thing you can do as it’s illegal. You should find someone else to give you advice or you will end up in prison. If you have a pass through LLC and don’t have to pay taxes in the U.S. you shouldn’t worry about a possible audit, using offshore companies to evade...
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    Business contact in China

    I don't know where are your getting your data from but these are the latest news from June. In June, China's exports increased by 8.6% year-on-year, reaching $307.8 billion. https://apnews.com/article/china-trade-exports-imports-tariffs-cc1727f45e6104284f852b00474df62d
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    Looking for Nevis LLC formation (without bank account)

    And as a bank? I think Currenxie is reluctant to allow transfers to platforms allowing any kind of crypto transactions such as Swissquote.
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    Looking for Nevis LLC formation (without bank account)

    What platform you use for brokerage?
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    Best Singapore Banks for Offshore Banking? (EU citizen & resident)

    You can, but you need more money for them to be willing to accept you. Also you don’t need a foundation for that amount.
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    Cheap OFFshore, no taxes, no audit what country for a 5k income freelancer?

    US LLC in New Mexico is around $50 to form and $25 yearly for registered agent. So first year would be $75 and next years $25. You don’t need any overpriced island jurisdictions for this.
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    Looking for Nevis LLC formation (without bank account)

    A Nevis LLC is much better for asset protection than an IBC.
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    Looking for Nevis LLC formation (without bank account)

    I thought his service was for HNWI only. Seems like a good solution then.
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    Looking for Nevis LLC formation (without bank account)

    If you are using the LLC for asset protection, you intend to put most of your money there. If you put 1M+ there are many reputable banks that will take you in Singapore, Switzerland, Cayman or Bahamas.
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    Beware of HSBC Expat

    Expect it to take around half a year.