We do e-comerce. The reason they froze the account I think is because we received payments from Stripe to a different beneficiary (not our company name), that's because we acquired 2 online stores that were registered under an another company name.
They asked for documents showing we acquired...
Our Airwallex business account got frozen 3 weeks ago. They asked a bunch of questions and requested various documents. I managed to provide most of them but our account is still frozen and I after asking for updates several times I get no answer from them.
I heard Wise does freeze accounts...
Yes I found a solution, and very happy with the current setup :)
This setup is explained in my post here: [USA] Inc. vs LLC - Is my tax planner trying to fool me ?
Basically you need 2 LLC's, one is taxable and will be used as payment gateway. The 2nd one is transparent and will be used to...
Yes I am resident in EU. There are services that offer a temporary address + utility bill for the purpose of opening a bank account in another country. I thought that would solve the CRS thing
I currently live in the EU and I need a bank account to cash out US income. Opening a US bank account would be the best option but it's impossible in current situation for non residents.
I was thinking about a UK bank account with a temporary address in the UK. Is it a good idea ? Are there...
I think Strip fees depends on the location of the customer (US credit card have high fees than EU Credit Card)
Screenshot from their website:
Also I am almost sure FATCA only applies to US citizen.
Quote from Wikipedia:
"the Foreign Account Tax Compliance Act (FATCA) is a 2010 United States...
Shopify Payments is crucial for my business (ecom, dropshipping). Here is the list of supported countries: Shopify Payments requirements
Some will say Stripe is the same (true, the engine is the same) but Stripe hates dropshippers, it's actually against their T&C. I process ~100k /month with...
I don't know .. it's a risk to take..
Also he said 2nd step would be to move to Portugal and apply for NHR (like you also suggested)
Another option he mentioned is to create a company in bulgaria but I don't like the idea so much
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