Suppose one has an IBC in Belize with a bank account in Belize or an IBC in Nevis with a bank account in Nevis or an IBC in Cayman with a bank account in Cayman. Is it possible to get a Paypal or Payoneer business account and receive one monthly payment from an EU partner and then transfer that...
Maybe I'm misunderstanding this. Is there a 50EUR/month fee for an account at Bank of Cyprus? See page 3 here:http://www.bankofcyprus.com.cy/globalassets/cyprus/org_methods/commissionscharges_171016/eng/table-of-commisions-and-charges-international-business-units-customers-english-021017.pdf
Mr Admin, aren't those numbers backwards? The way you have it seems to imply that more money is being paid out of the account than being taken into the account.
There is also another category for active: "the NFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a FI, provided that the NFE does not qualify for this exception after the date...
Looking at a Cyprus bank account application. Living in the EU (outside Cyprus) but incorporated in the Caribbean. What should I put for these addresses?
Registered: My Caribbean service provider
Physical: My EU address
Address of Primary Business Activies: My EU address
Plan is to...
Across the globe there are things called tax treaties that specify how much tax is to be witheld. So, if you look at the table that I linked to, you will see that the US treaty with Poland requires that US companies (e.g., Apple) withold 10% tax on royalty payments to Polish entities. The US...
It seems, given your description of your circumstances, that Apple must be witholding 30% since the US doesn't have a tax treaty with the UAE. Am I right about that? I'm going off this page from pwc:
http://www.taxsummaries.pwc.com/ID/United-States-Corporate-Withholding-taxes
CORRECTION: Please disregard my message above (#33). It appears now Apple will send money to zero tax jurisdictions. I had heard that they were making efforts to add banks and it appears that in the last month or two a bunch of banks have been added. Nevis, Antigua, and Belize banks can now...
(continued from above)
Apple also says that they will not send money to correspondent banks, but I don't think that is accurate because many of the banks that do show up in itunes connect do use intermediaries.
My assumption is that if you can find it via the search functions (I use country...
I don't think this is true. If you look at itunes connect and try to add bank accounts in many zero tax jurisdictions, you cannot. You cannot add any bank in Antigua for example.
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