Recent content by Mary P

As for banking, HSBC is solid, but you could also explore other options like Standard Chartered or DBS for more flexibility. Just make sure to compare fees and account features, especially for international transactions

Due to the location Ajman and Ras al-Khaimah are not very popular + it requirs personal visit during the company registration. DMCC and IFZA considered most interesting solutions, but it takes up to 2 months to register everything there.

In Cyprus, non-doms don’t pay the 19% SDC tax on income like dividends, interest, or rental income, and crypto and stock trading gains are generally tax-free for non-doms. To optimize tax for trading, setting up a Cyprus International Business Company (IBC) or a private company is often the best...

For your situation, Seychelles, BVI, or Saint Lucia could be great choices for an offshore company. These jurisdictions offer low or no income taxes, and they’re popular for traders looking to minimize tax on profits. They also have flexible corporate structures, and you can easily set up a...

Having a corporate nominee as a director can make KYC more complicated. Even though the director is a company, you'll still need to provide KYC documents for the individuals behind that nominee director (like their ID or proof of address). Services like Airwallex or PayPal want to know who...

Criminal matter: It's true that lack of receipts and poor documentation typically wouldn't result in a criminal charge unless there’s clear intent to defraud the IRS (e.g., knowingly falsifying information). In most cases, it would result in penalties and interest, not a criminal case. Audit...

TransferMate, Airwallex, Ping Pong

opening an additional company somewhere in Estonia or Cyprus will be the best solution to get SEPA account

To register a company in Anjouan, you'll typically need: unique company name local registered agent Information about shareholders and directors Memorandum and Articles of Association Payment of government fees with legal services providers it takes 3-4 days

Nominal directors will help you with the anonymity part. As for the jurisdiction, it depends on the accurate services your company will provide, to understand whether it needs a license. If we speak in terms of brokerage company registration, I would suggest Seychelles or Mauritius. And, Saint...

It`s better to register a payment agent company somewhere in the EU, like Cyprus, and open bank accounts in EMIs

While nominee directors can provide some anonymity, they are not a foolproof solution. Banks and authorities may still require additional information about the beneficial owner.

Well, that`s why legal assistance providers exist... So that you don`t have this headache and get your company opened in a few days And, believe me, BVI is one of the easiest jurisdictions to open a company

Timeline: 2-4 working days Requirements: 3 variants of the company name Company business model description Directors’ and shareholders' personal data Directors’ and shareholders' documents

there is a tax treaty between the US and Malta. This treaty helps to prevent double taxation on income earned by residents of one country in the other. However, it's important to note that the specific tax implications of your situation can be complex and may vary depending on your individual...