Recent content by Alexmorgan

For now 3 countries they added Saudi Arabia They are opening for more soon

Its Kuwaiti Bank that its belong to Boubyan bank But they made Nomo in UK to use the UK license to serve worldwide customers due to the flexibility of the registrations there Same as Wise which UK and same as Revolut which is Russian origin bank

20k is not big If they cant handle this then they are in real problem And they advertise as they are for big amount money bank for buying houses and investments

Do they provide me a US account with routing numbers for my business and personal?

My registered agent just informed me today about this

You can provide your registered agent now as your company address Congratulations problem solved

I was happy to hear this news But sad ending here I hope they change their minds for this

When i tried to register with them something in my mind hold me back I felt like as they are not part of Mastercard or Visa system thats means there is a problem besides there was no Iban and Swift system to wire in or out Thank god i didnt use them

Personal account or business?

Good question Its sad actually to say that banking sector is not going on logical way

Brex will not accept any one Even if Elon Musk will be rejected

There is a limit to what considered salary in UAE Let say you got 10 Million income in your US and your expenses 4 Millions and you move 6 M to your bank account in UAE They will say this is not a salay this is distribution and you should pay 9% Corporate tax of your US company

Not only that If you live in UAE without any company in UAE or if you have non operating company in UAE and you have an operating LLC company in US which is disregarded entity and you have an EU or African or any nationality you will still pay a Corporate tax in UAE So Run Last couple of...

They have corporate tax if you have a company in it but if you have outside and you live there no one will tax you legally Besides in free zone areas there is no taxes on your foreign income The only problem is the process to incorporate your company and to get the residency is really a hard...

Thats why a lot of EMIs closed the partnership with evolve bank