Recent content by mardz

The account was opened for a US company

Damn, I see. I don't mind account termination as long as we get our cash back.

We do e-comerce. The reason they froze the account I think is because we received payments from Stripe to a different beneficiary (not our company name), that's because we acquired 2 online stores that were registered under an another company name. They asked for documents showing we acquired...

Our Airwallex business account got frozen 3 weeks ago. They asked a bunch of questions and requested various documents. I managed to provide most of them but our account is still frozen and I after asking for updates several times I get no answer from them. I heard Wise does freeze accounts...

Yes I found a solution, and very happy with the current setup :) This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ? Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to...

Isn't FACTA only for US citizen ? What EMI do you recommend ?

It's probably my best option. The business in located in the US and they are not part of CRS

Damn I didn't think about that..

I will look into that, thanks

Yes I am resident in EU. There are services that offer a temporary address + utility bill for the purpose of opening a bank account in another country. I thought that would solve the CRS thing

I currently live in the EU and I need a bank account to cash out US income. Opening a US bank account would be the best option but it's impossible in current situation for non residents. I was thinking about a UK bank account with a temporary address in the UK. Is it a good idea ? Are there...

Wow great news, thanks for the update

I think Strip fees depends on the location of the customer (US credit card have high fees than EU Credit Card) Screenshot from their website: Also I am almost sure FATCA only applies to US citizen. Quote from Wikipedia: "the Foreign Account Tax Compliance Act (FATCA) is a 2010 United States...

Shopify Payments is crucial for my business (ecom, dropshipping). Here is the list of supported countries: Shopify Payments requirements Some will say Stripe is the same (true, the engine is the same) but Stripe hates dropshippers, it's actually against their T&C. I process ~100k /month with...

I don't know .. it's a risk to take.. Also he said 2nd step would be to move to Portugal and apply for NHR (like you also suggested) Another option he mentioned is to create a company in bulgaria but I don't like the idea so much