Recent content by daniels27

There is a reason why San Marino has a visa waiver agreement with China for a very long time: they gain while not giving away anything. How can you travel from China to San Marino without touching Schengen?

UK does have an exit charge on companies leaving the UK: https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg42370 But the topic is quite interesting. I mean nobody wants to invest in a country that is leaving a bad impression when you leave, do you? Has anybody checked Guernsey...

Yes, I would recommend getting a binding tax ruling, called Verbindliche Auskunft: https://www.bzst.de/DE/Unternehmen/VerbindlicheAuskuenfte/verbindliche_auskuenfte_node.html#js-toc-entry5 It is not free, you can see the fees here https://www.gesetze-im-internet.de/gkg_2004/__34.html...

I think it does as Qatar is somewhat missing a concept of a PE. But it comes with risks too. Are you living in Qatar?

I think, he took the number from this Wikipedia page: https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates It was me who made this contribution 5 October 2021. The data is valid for the village of Avully and Chancy of the canton of Geneva for a roman catholic or protestant and includes...

There are separate processes. You will need to: Renew the business licence after one year. You can use BBCI or whoever you used to incorporate. Maintain good accounting Get the accounting audited The reports of Stripe certainly won't do as you need to have proper bookkeeping. Fees for...

Yes, you need an EIN. It takes about 5 minutes on the phone to get it. SSN can be bypassed on the phone, but I would recommend getting an ITIN first.

You actually may want to go for a US PayPal account if you have a lot of USD transaction as you can save on conversion fees (resp. the need of transferring through a personal account in the US). Audit requirement if you have over 10M SGD turnover AND assets. Who are you using to incorporate?

Yes, as mentioned earlier, they won't just close for any normal business. It only happens if you have strange transactions that on top of that you cannot explain.

I would recommend www.cheapincorp.com works super fast.

EMI is normally not too difficult. If you want to benefit from zero tax, you cannot use any SG bank as money remitted to Singapore is taxed.

Yes, but he would need to manage it from within Switzerland.

ETBUS=ETOB is not the same concept as PE. You could have no PE but still be considered ETBUS. Yes, we had this discussion a few times and it is a nightmare as IRS does neither sue nor do any advance ruling. But this also means in return, that they take the free tax of the 50% confused people...

Yes, but I think he can save money by paying tax in Italy.

I used to use a lot of UBS and PostFinance. Not sure if you can open them online at the moment as I used them in the last millennium and on my nickname (which later was changed to my real name in the 2000's when the whole banking problems started). CSX by Credit Suisse can be opened online. I...