Recent content by xnpu

I opened Revolut US on December 20th last year. I've passed through only a few thousand. Its main purpose (for me) is verifying other accounts/cards where Wise or my Schwab brokerage fail to be accepted for this purpose.

I used a US address for which I have no proof. All I have is an ITIN and an eSIM. Not many people talk about using an US eSIM, but it was a game changer for me. I have an eSIM from Mint and when I update my address in the Mint app, the roaming IP changes to one in the area of that address. A...

How did this work out for you? Was specifying Owner Draw sufficient or did you still get a request to provide proof?

Thank you!

Apologies for reviving this old topic, but I'm about to do the same: pay a 4 or 5 figure distribution from my US LLC to my EU Revolut account, either directly or through Wise. What kind of proof did you provide? They offer a number of options on their website, but nothing seems to be an...

Apologies for mentioning - I have an ITIN, which they accepted.

I opened Revolut US and Go2Bank remotely. Wouldn't use them for anything serious, but they can be helpful for services that accept US cards only or require a US bank statement for address proof.

Curious to know this too. After using my home address and personal utility bill for a decade+ with multiple businesses, Wise has now decided this is no longer acceptable for my type of business. I'm now to present a lease or bill in the company name - for each business! doh948""

Yes. It told me that changing the address to Panama was not possible. Support told me to open new account for aforementioned reason. After that they transferred all my stocks.

Yes.

I moved from EU to Panama. This required opening a new account as Panama is handled by a different IBKR entity than my home country in EU. (The system will tell you if this is the case).

Make the life of the application reviewer as easy as possible by having your business simply 'tick all the boxes'. Is it strictly required? Probably not. But why invite the additional scrutiny?

I'm interested in this too.

I think most people arrive at this conclusion due to Codigo Fiscal, article 694. Beyond the examples included in the law itself, I don't find it very straight-forward to be honest. Best consult a lawyer about your specific situation.

Depending on how exactly you're self-employed, I would expect an exit tax on that too. They won't just let you move a business abroad without getting some.