If it was that easy I believe no one were here to post on the forum! I don't believe this to be like you wrote it down here. Anyway it is worth to look into it if one is into tax savings. Just don't forget, your name will be on the public register of companies in Georgia!Yea why not? I'm gonna use Virtual Zone status to make my VAT and corp tax zero. Georgian gov is now choking with Virtual Zone applications (they used to have 100s per month, now it spiked to 1000s/month, thanks to Silicon Valley series promoting it I think). I bet soon it would be much harder to get into Virtual Zone.
I dont know, I've been speaking with multiple accountants regarding virtual zone. Seems fine to me.If it was that easy I believe no one were here to post on the forum! I don't believe this to be like you wrote it down here. Anyway it is worth to look into it if one is into tax savings. Just don't forget, your name will be on the public register of companies in Georgia!
Good idea, but did you moved on and setup a company in Wyoming or you stoped the entire process?'ll stop about Georgia from here.
I have not read about this at all and can't find such fees on my account!Do they charge negative interest rates on EUR balances? Is there any maximum balance allowed to be held?
No charges I found and receiver gets all his money.Does sending SWIFT EUR transfer outside EEA attract any charges? Does recipient gets paid in FULL (TW send it as OUR)?
noDo they charge negative interest rates on EUR balances?
I don't think soIs there any maximum balance allowed to be held?
tried a few times, never managed to send it without 25EUR fee taken from the amount sentDoes sending SWIFT EUR transfer outside EEA attract any charges? Does recipient gets paid in FULL (TW send it as OUR)?
no they don't care (speaking about hundreds of thousands account life time turnover)Do they really have nothing against incoming EUR and outgoing EUR without any FX conversion, while keeping the account charges free?
How long does it take to open business account with them?
Are they okay with trading + holding structures with nominee trust...?
2-3 days
you have to open a new personal account first (using different email) for each company account you are opening with them
there are a few questions in the sign up form and then they usually ask for a brief description of your business - never had a problem, always approved (clean business every time though)
can't help here, my experience is only with EU-based limited companies
Where did you send this SWIFT to, country ? I have made swift transfers without any fee?tried a few times, never managed to send it without 25EUR fee taken from the amount sent
My fee of withdrawal to Georgia (non SEPA zone) was 0.6 EURokay, strange, I have not seen any swift transfer fee yet on my account. Made a few to a provider in the UAE and Norway. Maybe others can supply with their experience.
was the payment going to your own bank account?I have done EUR-EUR swift transfers to outside EU zone with Transferwise and my accounts have been blocked after around one year. Transfer fee was 0,80 EUR per transaction.
Swift transfers was from business account to several suppliers accounts.was the payment going to your own bank account?
ah.. idk. maybe suppliers were in the WorldCheck databaseSwift transfers was from business account to several suppliers accounts.
I don't know but It was the same companies during one year. Transaction was without exchange and for a cost at only 0,80 EUR per transaction. I assume that it was not interesting for TW.ah.. idk. maybe suppliers were in the WorldCheck database
Did they provide any reason? Were your funds frozen for 60 days as some are reporting?I have done EUR-EUR swift transfers to outside EU zone with Transferwise and my accounts have been blocked after around one year. Transfer fee was 0,80 EUR per transaction.
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