Recent content by hlepic211

No, because all withdrawals have to be in your name. In the case with IB's deposit credentials it's their company name

BTC, USDC or even PAXG. It's easy to move, easy to hodl, easy to hide if needed.

They work and get paid. No, you can have the company without employees.

Not a tax resident in SG yes. They only cared about shareholder's residence. However we have a local director which is their requirement + 10 employees based around the world. We pay their salary (freelancer agreements) and they pay taxes based on their residence. It depends on the business...

If that's the case you structure it in a way where the company getting this profit is in a low tax jurisdiction + substance + your residence also matters. Example: Dubai + Singapore But don't do any direct transfers between them if you're the ubo + director that will classify as profit shifting...

My main goal to run my setup from Singapore was to avoid bureaucracy and stupid EU laws, but still have a reputable jurisdiction to run a business in with 0 questions asked on outgoing (and incoming) payments. Again, this was the best choice I've made moving my business there. Regarding taxes...

I don't, it's an operational company for salaries, invoice payments etc as I mentioned before. I assume if you want to get the money out you pay CIT and then pay yourself dividends.

For resident employees yes. For non-resident employees you can do a freelancer contract then it's not taxable.

Yes, OCBC and Wallex. Regarding taxes - I'm not sure, have to check with the accountant. Even if yes we don't show a lot of income there and keep this as an operational company (salaries, invoice payments, etc.). So let's say the turnover is 500k per year we show 50k income and only that gets...

Depends. With UAE residency they will probably ask more than for example if you are a EU resident. Usually it's the first transfer from fiat to crypto exchange (or proof where your crypto came from), then trading acc/onchain activity screenshots/trades, then probably tax declarations. Can be...

Best decision I ever made is moving my IT business to Singapore from the EU. It's been around a year and no issues so far. Banking - we have OCBC and for smaller transfers we use Wallex. Not a single document was requested by their AML department. And yes you need a local director + the address...

It's fine if you have solid tax residence elsewhere with proof. But only as a holiday home from August to November or from March to June, well depends on the area maybe. I like Andorra way more (not a beach & beer fan). It's more organized, less headaches when dealing with locals. If you plan...

The passport is fine. But life in the EU is not, well at least it maybe was 5-7 years ago (peaked). Quality of life is declining, healthcare is getting worse, migration, stupid laws, bureaucracy, taxes, privacy, faggots everywhere etc. EU passport holder here. Lived previously in the Baltics...

Yep he's legit. Well anyway everything is done at the notary.

1 -2 it depends 3 easy 4 no because the seller gets fiat he doesn't care much. your crypto involvement is only with the agent (bitproperty, I'm sure there are others)