Recent content by Reawake

Actually I would like to top up my Chinese Bank account only when I need the funds in it. I wouldn’t like to have a higher sum stored there permanently. So there’s no EMI/service provider which I could use for my purpose?

Hi everyone, I have had a CNY bank account in Mainland China for some time, but unfortunately, I haven’t found a cost-effective way to deposit money into it. Revolut only allows transfers in USD to China, and with Wise, it’s only possible to send money to Chinese citizens. So far, I’ve been...

No need to get sarcastic or passive-aggressive. Not a long time ago, it was surprisingly easy to open a bank account at a Thai bank, and you'll wonder, but every branch makes their own rules. Even though Bangkok Bank is advertising they'll open a bank account for foreigners even on visa...

I just wanted to give everyone here an update of my journey to get a Thai bank account. I have visited around 50 branches of different banks in Bangkok. Only one branch of Bangkok bank was willing to open a bank account for me if I can provide a certificate of residence beside some other...

I already do have a TM30 report. It's just not clear for me what the next steps are, as the immigration in Bangkok told me they cannot issue a certificate of residence. Perhaps the lady working there just got me wrong, as her English was not that good. Thing is, that it takes me around 4–5 hours...

In fact, I currently spend several months a year in Thailand. Right now, my visa is not a problem because I still enjoy flying to another country every 60 days. I also fly back to my home country several times a year. I can say with certainty that having a bank account in Thailand makes a lot...

I see it similar to you guys. You always have to look at things in relation and for 13,000 THB you still get a lot even today in Thailand. Since I also came across the advice to do some bank-hopping during further research, I visited a couple of branches of some banks. It really seems to be...

@churumbelo Can you recommend a branch in BKK to open an account on a tourist visa? I found an agency which helps to open a bank account here, but they basically want my firstborn in exchange.

I am currently in Bangkok on a tourist visa and would like to open a bank account here as well. I have already found an agency that has offered me to open a bank account at Bangkok Bank for 13k THB. However, this seems a bit high to me, so I would like to try my luck myself first. Does anyone...

As far as I am correctly informed, for a redomiciliation it is necessary to liquidate the company first in the giver country. This would lead to the fact that I would have to pay taxes on the entire company assets immediately. The liquidation of a corporation in Germany also takes at least 13...

In general, this is not a bad idea. A holding structure is also quite common in Germany, but mainly for tax reasons. Unfortunately, such a good protection as in the English-based system is not possible here. However, since I was forced to give a personal guarantee when I sold the assets of my...

1. 6-12 months would be good 2. Yes, I would move out of Germany but this would cause even more problems as it triggers “Wegzugsbesteuerung”. I wanna keep the option to still visit friends and family in Germany and also stay for some time. 3. Highly depends on the exact solution but I’m...

I already have Gierhakes book here, beside two other books referring to Asset Protection. Unfortunately, the two books I already finished only cover the “white” way, which makes a short-term asset protection impossible. I will read Gierhakes book over the weekend, hoping there are other more...

You're right. I would just like to find a possible way and create a rough concept first. For the final solution, I would definitely contact an expert in this field.

Unfortunately, trusts are not legally valid in Germany. The outsourcing of funds to foreign trusts (as domestically is not possible) leads to a double taxation, on deposit and payout. As already mentioned, when donating to a foundation, there is the problem that in case of dispute, this can be...