Recent content by Meta

Singapore is a big financial center. They do offer US ETFs and also access to many other countries' markets. No problem here at all. Have you been able to work it out with OCBC?

I have a friend who used Singapore for his startup. He has never visited Singapore, got some kind of virtual office and local director and a bank account in US Mercury. That was a year or two ago. I don't know the details, but he was happy generally. What was your experience with Georgia...

Can you please elaborate as it's not entirely clear now? What kind of infrastructure do you provide? What will a buyer get?

Thanks for the info! Can you elaborate this? P2P is not allowed but licensed rain.com is fine and you can transfer from them directly to your account without questions from the bank?

Hi. You may try Xapo Bank. Integrated crypto exchange, offers deposits and possibility to buy stocks (expensive), fine with Asia. You may try neobanks in EU, like N26, if you still have address back in Europe. Possibly not one account, but a few. The last one, depending on your Asian country...

Some "audit providers" would have partnership with a specific bank. Meaning that bank certainly accepts their audits. Use those if possible, otherwise it's literally what you said: you go through the process, spend time, funds may get rejected. Don't expect a random non-crypto friendly EMI to...

The news is not about SoW / banks / buying real estate, just that investment residence permit application. The government agency handing out the permits want to see that you have money and that you invested the money into Hong Kong. Crypto is enough to show that "you have money" but does not...

Hah you got me on stability of government :) As long as those guys are in power trusts should be fine.

I guess cryptofriendly means trusts - Law on Trust was published in 2019. It's not something "secret" that should not be posted here, honestly. It's also not a legal ownership at all. It's just a bit more formal way of the old nominee arrangements. Now nominees are called trustees, need to get a...

Hi. If it was a foreign LLC, it would become Georgian resident in your case - to be taxed just as a usual Georgian company. Not sure about LLP. You will have serious difficulties opening local bank accounts for a Georgian LLC. IE may work. Cheers.

Hong Kong just has this weird process: 1) Demonstrate that you have 30 million $HK for a period of at least two years 2) Invest that money into Hong Kong (local stocks, real estate etc) 3) Only after the investment you can get the residence permit. This "news" article says that crypto holdings...

Talk to https://alt.co/ They specialize on explaining crypto stuff to banks. Just tell them literally what you told in your first message. If you can demonstrate that you had a job 11 years ago (so this few thousand eur are from salary, not suspicious sources) and have conversation with seller...

They are a listed firm on Toronto stock exchange with ownership/management info published so probably legit. Just wanted to share my experience to save time for others. Yep, I got impression that compliance is pretty relaxed so may be useful sometimes. To be honest I think they don't really...

Well, they give you invoice/trade confirmation, but said no for sale-purchase agreement. You are supposed to join their T&C, like with any exchange, no signed contract. Cannot recommend them. They were inflexible to all my requests and extremely slow. Legal bits are some of the worst I have...

It was amended in 2023 (as explained in the page linked), now it also requires investment of half of million USD into Georgia, so it's less attractive than before.