Recent content by Alenka

Which ones?

How the trademark laws work in terms of domain: I want to buy domain xxx.com for example, there is no registered trademark for such name anywhere in the world. Can I register trademark in the UAE for 30 days and then get the domain as the owner of the trademark?

Bank account statements, can also be utility bill. Yes, can be rented some apartments in um al quwain cheaply.

But even in case they ask for your TIN, in Russia / Kazakhstan, for example, having TIN doesn’t mean that the person is tax resident in those countries: you can get TIN for 2 hours there easily. I suppose in many counties same approach. So even getting TIN is possible task if someone asks for :)

Tbh I have never been asked about that yet, but you can tell still uae and show them your address easily - so it works fine.

Will CRS share information in that case: Case: 1. Residency - UAE 2. Passport - Any passport of a country which in CRS 3. Country of tax residency - any country that will issue tax residency for 183 days spent, for example, Thailand You don’t show your Thailand Elite Visa and don’t tell anyone...

I wouldn't call it tax evasion, it's tax optimization. Everything is legal here. Optimizing taxes legally is not criminal offense yet, and even I suppose honored by investors, if they want to get profit from the business.

What kind of amounts you can withdraw for “IP providing”? Any amounts? For example, setup: 1. C-Corp Delaware - Holding entity - receiving investments and lends money to its trading subsidiary in Cyprus 2. Cyprus entity - Trading entity - processing transactions from customers and paying out...

FBAR Penalties for Non-Willful Failure to File The standard FBAR penalty for non-willful failure to file is $10,000 for each year that a required FBAR wasn't filed. https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-accounts-fbar

I also considered the option you mention: to open Dubai entity, for the entity to open Payset / Multipass account (they offer USD local checking account) and then to withdraw to that company from stripe US. It should be ok on paper, but depends if EMI is fine with such transactions from...

From Belarus. I don’t have ties to the UAE and don’t have big travel history. Plus, it takes 3+ months just to get to the interviewer. Belarus Thanks for the advice about Payset, do they onboard US entities as well?

Is it possible to open a US Business or Personal bank account in physical bank remotely? My case: my old business US bank account was closed because as a company we don’t have physical presence in the US, except majority of our customers. But big amount of funds have stacked in my Stripe...

Okay, and in case of Cyprus - mandatory audit is required. How auditors will consider if the transaction is legit in case it's sent in crypto?

So employee should send an invoice? How they can verify that the invoice has actually been sent by real employee instead of random guy who gets money for nothing? It sounds acceptable when it's payment to bank account: you ask ask for passport / ID / birth date / name surname and so on, and...

What kind of documents Cyprus auditors will require to proof that those crypto has been spent for business purposes? If someone paid from personal crypto account to employees, how will they verify that the payment was actually for some work instead of simply lowering tax base? Like you need to...