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One thing is that they collect such data and another is if they will actually share this info with other countries or if they will only keep it to themselves (unlikely), what’s your take on this @Fred ?

Just ask your parents to setup the accounts on their behalf. I dont think any EMI will work with minors

@fartinav and @JustAnotherNomad I think the option here is to setup your NHR status but not stay in portugal while you manage your company. This way they cannot say that you are running the company from Portugal and therefore tax your income.

What’s your source for this claim. I have read a lot about it and never came across such info

As far as I know the NHR scheme gives you tax benefits for the first 10 years only. Also income generated outside of Portugal is tax free. Correct me if I’m wrong

I didn’t know kraken accepts Belize corps so I’m glad to hear that. I will look more into Bankera. It looks like they are a new company. Any idea when their apps will be launched? regarding the additional legal questions for clarification what did you have in mind? I want to make sure I ha e...

I’m a EU citizen living in EU and I’ve been working with crypto for some time now. This includes providing marketing services for startups and ICOs and also short and long term crypto trades. I’m looking to make things official with a company and I’m thinking of the following setup. 1) Move...

Can you please elaborate on this as I am also looking into the UAE solution. Have you already talked with Fred and CaptK? Do they not seem trustworthy to you?

This process will start from the day I arrive in Dubai? In your experience how long it takes if not the 183 days?

How would this work if the UBO is a tax resident in Portugal under the NHR scheme? As far as I know in that case the foreign income is not taxed and the UBO would be able to receive profits in their own name tax free into their own personal bank account? What is CFC regime?

I mean if the company is making a profit, the profit goes to the beneficial owner in EU for example. If then the beneficial owner gets asked by bank/government in their home country where the money is coming from I think there is an issue. How to handle such situation?

Thanks for the information. I’m asking because I’m looking at some documents where the shareholder is a nominee shareholder and the beneficial owner is someone completely different. In such case if it comes down to taxes and proof of funds how can the beneficial owner show proof of funds, funds...

Is it possible to find out the identity of the beneficial owner of a Belize IBC company? Is the person that holds the shares of the IBC the beneficial owner?

so you have to stay in Dubai 2 years and not just the 187 days? After the 187 days you can apply for tax residency, this takes 1-2 years to be issued? Do I understand it correctly?