Russian Citizen - EMI - Taxes

[AlexAlex]

Do the EMIs report any tax matters to your home country (Russia) if you are Russian National having an EMI account?

 

[rey skywalker]

yes crs apply to russian citizen , f you are e russian you have a truble worldwide , as soon as you are not an oligarch you can buy your own bank you have a problem

 

[rey skywalker]

reseeek is right, start move out of russia before is too late dubai id good spot to think

 

[AlexAlex]

reseeek is right, start move out of russia before is too late dubai id good spot to think

@Admin I just wanted to reply to a post on this thread but now I see that these posts got removed. Why so?

 

[rey skywalker]

If you are russian resident you must pay tax in russia , if you try hide it and they found it out you will end up in a gulag in siberia wind is changed in Russia , pay your tax or get out

 

[kkein]

How about donations? e.g., Russian citizen opens TW, and receives a donation from someone known and possibly demonstrable. Would that trigger any problem?

 

[yngmind]

How about donations? e.g., Russian citizen opens TW, and receives a donation from someone known and possibly demonstrable. Would that trigger any problem?

TW won't report it to Russia, since they are UK company, UK doesn't have CRS s**t with Russia, you just need to check EMI country

 

[reesek]

You cant get a TW if you are in Russia

 

[kkein]

You cant get a TW if you are in Russia

Can someone confirm this? might not be true, i think.

 

[JohnLocke]

It looks like they are supporting the Russian country for their financial transactions Instant 24/7 payouts to Russian cards

 

[litelegal]

TW is ok for Russian passport holders when registering as natural person (personal account). Its impossible to get prepaid card. And business accounts (for self-employed persons so-named "IP" in Russia) are also prohibited.

 

[kkein]

TW is ok for Russian passport holders when registering as natural person (personal account). Its impossible to get prepaid card. And business accounts (for self-employed persons so-named "IP" in Russia) are also prohibited.

Thank you!
Do you think it works fine for transfering Eur to Rub?
Afaik, without it, it is very challenging to do money transfer to russia. Last time the receiver had to open some account in dollars, with hefty fees, money had to be converted into dollars, then transfered, then converted back to rubles. I wouldn't be surprised if a good 10% overall was eaten up this way.

 

[reesek]

we can get a tw card for russians

 

[litelegal]

we can get a tw card for russians

Currently TransferWise Debit Cards are not provided to Russian customers. How will you do that? By changing personal address in profile and providing fake address proof?

 

[reesek]

Why fake? anybody can get a EU PoR - just need to rent a property
we get EU PoR for our customers

 

[Igemon]

TransferWise can send prepaid card to Russian citizen if he has address inside EU For example, if you have a friend in EU, you can register as Russian with Russian passport. Then change address to your friend's. They will send card to him, and then he sends it to you.

 

[reesek]

What will you do when they ask for a proof of address?

 

[Igemon]

You have to change address in profile AFTER your "normal" address is verified.

 

[Igemon]

This is not a hypothesis, it's how it actually works (for now, at least)

 

[reesek]

I am a big sceptic of this "lifehack". You will have to provide a proof of address document anyway or risk loosing all funds.