Recent content by Cloudbanck

That's because Italians generally own their homes, and because a large chunk of Germany had communism. Look at the other countries that had communism, it depresses median wealth dramatically and the effects are long lasting. If you just take West Germany, I wouldnt be surprised if West German...

-For business accounts, businesses registered in which countries do they support, and what restrictions are there on where the business owner(s) must be residents? -For personal accounts, where can the person opening the account be a citizen/resident? -What do people say about the EMI on this...

It - in the sense of no ETBUS - i.e. no US tax for non resident aliens selling to the US from abroad is not new. Basically it's since the US Revenue act of 1936 (which specified on what withholding tax would apply to for non resident aliens somewhat) and earlier. And it was clarified in a...

Do you need to become a tax resident of St Kitts though? It depends somewhat on one's citizenship and previous/other residences, but often just being a resident is sufficient. And anyway, St Kitts Nevis was good enough for John Cleese:

Cyprus is in the EU, there are many EMIs accepting EU and EEA companies: Zen, Ecommbanx (based in Cyprus) Currenxie, Interpolitan (Not US, not blacklist), Vivid (EEA), MisterTango (Not US, not blacklist), Verifo, Airwallex, Narvi, Intergiro (EEA), Juni (EEA+UK+Gib), Nebeus (Crypto friendly...

They ask it for a single member US LLC yes, which is not a US person. So a non-US person with no operations in the US - thats what they dont want. But are you sure they dont accept a US person (i.e. multi member LLC) selling to outside the US? I havent checked myself, but wouldnt be...

How about switching to a multi member LLC by e.g. having your spouse or family member or someone own 1% ? Then the LLC will be a US person, and I think Mercury is much more lenient. There will be different forms to file but it's still disregarded, so no US tax.

And also, importantly, when you have taken up residency in Luxembourg, make an appointment at the Italian embassy in Luxembourg to register at AIRE (registry of Italians living abroad) and bring the paperwork showing you are a Luxembourg resident. See AIRE – Ambasciata d' Italia Lussemburgo

Yeah well, some of these have been around for 20 years and/or have many hundreds of employees in dozens of offices around the world. But you have to look up the one you want to use of course. Id be somewhat careful with the chinese ones even if they are big and have US offices and...

Yeah, most of them are free, not sure about the chinese ones. I tried to deliberately exclude those that charge high fees to maintain the account because they focus on companies that cant onboard anywhere else. And I got more: Bancoli (US), VertoFX (UK), Currencies Direct (UK), FV Bank...

Yeah, looks interesting. Seems they havent launched officially yet, but there is a beta version available of their app. And Im trying to figure out who is behind it and where they are based. On their website it just says "Parent company: Zypto SP ZOO VASP ┃ License Number: RDWW-874. Zypto...

Here is my list of crypto friendly EMIs/Banks: Personal: Xapo, DTS Money (Xward Canada MSB license), Blackcatcard, Business and Personal: Nebeus, Swissquote Bank, FV Bank, Revolut, Zen, Verifo, YourSafe (ex BitSafe), Vialet, ISX Financial, Ecommbanx Crypto exchanges/services that also have some...

And a more positive one: Paysera, https://www.paysera.com/ from the UK "Yes, you are able to open a business account with us for your LLC. In order to do so, you need to first open a personal Paysera account"

One more: Amnis based in Switzerland International Payments with the #1 Platform - fast & simple | amnis "Unfortunately we do not support this setup. We only onboard USD LLC when the UBO/Director is resident in the US as well. But thank you for your request and your interest in our service."

Yes, if the country of residence issues tax ids. And then there are edge cases like the UAE that doesnt issue personal tax ids, but people generally fill in their emirates id number, and US and other authorities seem to accept it. Highly unlikely, it is unusual the IRS asks for anything from a...