Hello, thanks for making it simpler to understand. I realized that I was also too confused.
Your idea is probably the most doable one, at least I may start using it as an alternative with small payments for now.
Hi, I have a growing business and expecting to receive around $300K/mo with crypto in next months. Problem is that my profit is around 3% to 5% of total volume, that means I need to transfer 95% of $300K back to business partners.
Currently I transfer them via crypto, and it works but I want to...
Why not start a legitimate business that accepts crypto as payment (so you pay yourself from several different wallets) and pay taxes? It could be cheaper with some shady ways for sure, but this could also work.
I think they allow to keep up to 50,000 EUR in the account. But the problem is quarter limit. There is $3,000 incoming/quarter limit on my account. I don't know if this is different for others, but probably similar.
Dukascopy is good but their transaction limits are very low as default. But they provide multicurrency personal Swiss IBAN, which is really cool. Their card is working well but avoid using in other currencies because they don't have "exact" rates for currency exchange. In my country I lose...
I'm minor but not PEP. I don't live in EU country and I said government official but I mean government employee, they are teacher :D Sorry for bad translation.
Sorry I didn't understand. You mean joint bank account in abroad bank? If you're talking about joint account in local bank, it's not an option for me (my parents are government official, they can't form company in our country).
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