Recent content by BerlusconiSchmidt

What countries, according to their written laws, do not automatically deem a foreign company also a local Resident company for Tax purposes IF the sole Director of that Foreign company is a resident of this specific country? For example: 100% Shareholder and Director of a UAE company, resident...

What's your country or residency and country of business? We opened a OFX account months ago in a blink of an eye, they almost begged us for having it, but we never used it because they didn't really provide local bank details for all their currencies, or maybe they now do? I guess HSBC is the...

most EMIs (Except Wise, Airwallex and currenxie) do not provide actual local bank accounts, they provide general SWIFT or General IBANs. And I cannot rely only on 3x EMIs. On top of that, I'd like to have 1x solid bank in a safe jurisdiction to keep some funds in. Do you know any other EMIs...

Even without a local address and local ID?

I'm not talking about EMIs here. What real banks let foreign companies set up a Business bank account in the country? For example: Company in Ireland/SG/HK and a Business bank account in Italy/New Zealand/Spain, etc... My business has a revenue of $1m NZD a year, and clients are in: Italy...

And were you able to be eligible for the lower 12.5% Corporate tax rate or are you paying the full scam 25% rate? if so, how? I'm ok living in Bulgaria or Romania (Bucharest is better than Sofia from what I have seen) however Kosovo or Albania not even if you pay me :D As long as I can pay...

Can you open real Bank accounts in Europe or New Zealand for a Singaporean company?

I read that Ireland lowest corporate Tax rate is 12.5% if the majority of the directors resides in Ireland. Well, Ireland is expensive, is there a way to live within the Eurozone (e.g: Romania or Bulgaria) and operate an Irish company with the lower 12.5% Tax rate, and get paid in dividends only...

Do they ask for proof that the company is tax resident of another country tho? And what about dividends, can they be issued to the directors even if the company is Tax exempt?

I was looking into various Asian countries to minimise my corporate and personal Tax and I came across NZ and Singapore. I read on this forum some users saying that Singapore corporate tax does not apply if your income is not sourced from Singapore and also if it's not remitted within...

Makes sense, more grey laws as usual, I will contact a local Tax lawyer and see if they actually know anything about this... makes me wonder this is why KimDotCom moved to NZ? or am I wrong?

Exemptions for new migrants A temporary (four year) exemption from income tax is available on certain foreign income derived by new migrants or New Zealanders who return to New Zealand after an absence of at least ten years. The exemption applies to people becoming resident in New Zealand on or...

I can't live in any of those countries, I was looking at a better quality lifestyle honestly, and nicer weather. To be honest Oman and Bahrain aren't the best place in the world other than for Taxes. Dubai is okay, but unlivable 6 months a year.

I work online, mostly ecommerce, and looking to re-incorporate elsewhere and move to a country that does not tax foreign income. For that reason, I will have to pay myself a salary from the foreign company, however, the only locations of companies that I can open are Singapore, Ireland and Hong...

Isn't DR attached to Haiti? I don't really want to be cannibalised but I'll look into it. I was happy with Ukraine before the war, Kiev was my favourite place to go. A bit too much corruption and rockets falling from the sky right now.