Recent content by JoeBean

Before anyone flirts with these EMI joints, i would consider CIM Banque in Switzerland. No need to travel there. They use Online Ident procedure.

Does it even make sense thinking about a foreign bank account in your case?

This common reporting standard is as common as the weather on any given day. The banks do NOT automatically report anything. Only if the taxman has any suspicion or he knows that the suspect has any foreign bank account will the bank automatically disclose any information upon request by the...

Just make sure that one scenario is always in the back of your minds. These payment providers love to freeze funds for the most fishy reasons. Viabuy is a good example for that. Not saying that it will happen. But when it happens, then there is no reason to complain, i guess.

Totally agreed and to most people it probably will never happen. It usually happens only with the larger transfers. Smaller amounts would not make any business sense as that would make too much noise. Its better to freeze 60k with one click than 60k with 100 clicks. Instead of 100 bad reviews...

I want to make clear that I have not suggested anything nor will i ever do that. If you read thru these so called AML and KYC provisions we can look directly to Paypal as a prime example. These provisions allow these providers to freeze funds at any given time without any further explanation...

I hope everyone reads the terms and conditions of this company very carefully, word for word and fully understands every single word of it especially the ones that consider using it as a business bank account.

I would stay away from any bank that still opens LLC business bank accounts outside of the US. To my knowledge there is none.Even if it were, it will soon follow the rest of the bunch. What was the logic behind opening a US LLC if you are obviously doing business in Europe?