Recent content by Ness

If you are tax resident in UAE, stay there and open a personal bank account in Morocco. You can transfer the money you need from UAE to Morocco. Since you have your center of interest and you live in UAE, Moroccan authorities will not ask you any question. But transfer the money from your...

Based only on technical analysis and market psychology. Never all in and none knows the future but the probability of a cycle to repeat itself is high in markets, that's all.

Btc going towards 37k or maybe 28k before pumping again to 55k.

In Morocco you are taxed on your worldwide income so you can have a foreign company owned by a Moroccan one. If the MAD company own the US LLC, you are exempted on foreign revenue taxes for 4 years if I remember. The best thing for a Moroccan is to have all that hidden from Taxman. Morocco...

@NZ1 If you have UK customers how will you deal with corporate tax? With a LLP you must pay corporate tax to UK if you have customers there.

Good setup but will you update the new LLP Shareholders structure within Starling? If yes, is there a risk to have the account closed? Do you know how to avoid paying UK corporate taxes if you bill UK customers via the LLP?

The problem with UK LLP is that you are liable for corporate taxes in UK if selling to UK customers, right? So a US LLC is perhaps better as no taxes if you sell worldwide.

CRS: Common Reporting Standard CT: Corporate Tax

There is no CFC but if you live there your UK LTD will be considered as MA resident, you must check DTA. Regarding the CRS, it should start in September this year. Better to form a local company which own a US LLC (if no US customers ) or a UK Ltd. With this you can benefit of exonerated CT...

I think US are preparing the automated sharing informations process already included in FATCA. EU have already asked US to share all infos of EU residents having US bank accounts. US may sharing all infos collected since 2014, date of FATCA signing.

@rowena , check first if there is no withholding taxes on dividends or salary paid to a non Estonian resident but residing outside EU in a low tax country.

I was pointing out the fact that TW EU SA has direct access and is part of Swift network which is "only" possible for Banks and Financial Institutions (to be confirmed). So, if TW Europe SA is a FI, then TW should fall into CRS rules. You mentioned the HRMC definition of EMI in the UK but the...

@Admin , we are talking about Transferwise Europe SA which is different from Transferwise Ltd. TW said that the later does not report but never about TW Europe SA. @CounselRep , you are right, they have a payment provider license which combined with their access to swift network and their own...

When I read this , TW is a bank in EU. In UK they are EMI licensed, different company name.

If you have an EUR account they can report you as they are bank licensed in BE.