Recent content by daniels27

China and Hong Kong are two completely differnt places. One has capital controls and banned crypto, while the other one did not. In any case, if the money is in Hong Kong, it is pretty free to move around.

You then also have the card funding fee of you do friends payments in most cases.

Yes. The rules are here https://www.offshorecorptalk.com/help/conversation-criterium/ As mentioned above, Mentor Group Gold is a very efficient cheat code to instant permission and much more.

Or maybe he can send us the money on WeChat and then we send you EUR?

Yes, totally agree. I sent you a PM, will update you once I know more.

Aren't they legal once the law has passed stupi#21

So, how can we help you?

Of course not! Again. China has capital controls. Chinese can pay with their UnionPay card, WeChat Pay, AliPay overseas. Foreign non-residents cannot as they do not have a government limit. For the same reason cryptos are banned in China. I know people taking 20k CNY in cash every time they...

Yes, and why? Because China has capital controls and there were too many Chinese taking money out of China. Is this even available in China? IMO this functionality is only available in a very limited number of countries.

It is just tax fraud at its best. If you get money for a favour from a friend, it is salary. Anyway. You can use the WeChat QR code in many supermarkts and retail locations to make payments. Or you add his credit card onto your Google/Apple pay and spend his money that way.

Normally the bigger problem is to get the money out of China. Paying 5000 EUR into a bank account is the easy part. Nobody will ask and if they do, you tell them that it is a friend who is lending you some money so that you can buy a car.

Thanks @Don for sharing your thoughts. While I generally agree with you. I think that once implemented, receiving countries will have substantial incentives to establish a working banking system. Coupled with EMIs such as Wise, OFX, etc. sending money to those countries should finally real a...

@Wanderien If you have a WY US LLC and you are the sole member, it is automatically disregarded. You can change it any time with Form 8832. If you make an election how to be treated, you will be bound for 60 months. Both US and non-US companies can use the form. Maybe read this one first...

https://swiftly.sg/ https://counto.sg/company-incorporation/ https://statrys.com/singapore-company-registration https://www.sbcincorp.com.sg/incorporation/singapore/ https://osome.com/sg/incorporation/for-foreigners/ https://www.a1corp.com.sg/ https://venturehaven.com.sg/ I think almost all big...

I have him on WhatsApp. As per his profile here, he is young and cool. In my opinion he needs more a long term perspective rather than quick cash, given that university is still in front of him. I would say do exchange years, grow the network and gain work experience in startups and bigger...