Recent content by daniels27

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...

I think his point is that you need to have a solid base knowledge in order to understand the PWC summaries as they do not cover the bases. While I would generally agree to that. I personally would not put too much weight on the basic knowledge taught in universities etc. The main problem with...

Apart from that, the bank is very young, I would say things are probably going to change in future once the business model proves effective or not. If you are looking for a 10+ year solution, it may or may not work, for a two-year solution, you can definitely give it a try...

Does he have an apartment that he rents? If yes, then he can simply go to the city hall and register next time he is there. He may even call them ahead of time to find out. If he does not live there, he cannot register. In this case, you can call / go to any village city hall and ask to...

Yes, bunq works but comes with fees. The original question is not that informative. To be honest, it is more like 98% of all EU-IBANs have the functionality while 2% don't. Hence, it would be good if OP would actually post what the real bottle neck is. Does he need to use 5 accounts each month...

It is with the local city hall. Hence, it depends on village you live. In some places, it may be possible if you ask nicely. But as a general rule in Europe, you need to show up yourself for that registration. In Belgium, the police normally even comes to your home in the next 14 days to check...

Yes, I do not see any issue with that. Just go to the local city hall within 8 days of taking up residence and bring your passport/id card and your work contract. That's all that is needed.

You need a bit more than just the company and the passport. But if you want to live and pay taxes there, it generally is possible.