Recent content by AtMo

Thanks for the comment. I'll definitely reach out to them.

that's exactly what I'm worried about. It has been a headache do you think I should better talk to the EMI before receiving the funds

Hey guys! My company has recently started working with another company, and they have a daily payment limit of 5000 EUR. As a result, I have to receive payments of 5000 EUR from them almost every 1-2 days. I’m curious if this can be challenging for the EMI to receive low amounts frequently.

Hey guys, I'm trying to payout from my UK LLP to the UBO who lives in the UAE. Does sending payments to the UBO's Xapo account in Gibraltar instead of the UAE banks make sense? I think EU EMIs don't like UAE residents and SEPA is easier for most EMIs.

Hey, Can you DM the contact of FRNT please?

Thanks for your reply, I will do what you recommended.

Thanks for your reply. I thought a 99/1 split would raise fewer questions, as the percentage is low. What do you think is a better split? We can do any split as the new UBO is a close family. The new UBO has the same residency as current UBOs, but would the EMI ask to show proof of payment for...

Hey everyone, I'm in a situation with my UK LLP and need some advice regarding our EMI corporate account. Here's the scenario: Current structure: 2 UBOs (Ultimate Beneficial Owners), each with 50% ownership. Upcoming change: One partner is leaving. New structure will be: Remaining partner...

I applied for a corporate account, and was told they don't offer SEPA or Swift for new customers.

Thanks for your recommendation, I will contact them. only 2 members.

Thanks for your response. Our LLP members are all residents of the UAE and are natural persons. We do not have a general partner/limited partner distinction.

It's a UK LLP Thanks for your response, I think I will try to get a legal opinion if possible, do you have any attorney to recommend by any chance?

Hi everyone, I’m trying to open a Kraken account for my company, but Kraken is asking for a crypto license. I explained that the company is using its own funds on Kraken, so I don’t think a crypto license is needed in this case. However, they are requesting a legal opinion letter explaining why...

Thank you so much for the recommendation, I will reach out to the specialist about this case.

Thanks for your response. My business involves crypto, the setup is for easier banking. I haven't registered the VAT yet, I thought the UK LLP is a transparent entity, so I wouldn't need to pay VAT. I do have UK and EU customers, but it works like the customer pays to the e-commerce websites...