Recent content by chaltron

Hello, I understand that if renewal fees for a Seychelles IBC are not paid on time, the company will be struck off the registry. After one year of being in struck-off status, the company is considered dissolved. I have noticed that the Seychelles Gazette (Official Gazette Republic of...

They are using Bank of Montreal as correspondent for USD. However they do not have a direct SWIFT connection (the beneficiary is a Canadian Financial Company and you need to indicate a FFC with your account number).

Yes, the Financial Institution will report the value of your equity at end of year, this includes cash balance and open positions.

https://www.atlantico.eu/ Open accounts for non-residents

It's possible. However in order to withdraw money from PayPal you will need an US Bank account in name of the Nevis Company, which is nearly impossible.

CRS reports also more information, like Address, Identification Number / Passport and Date of Birth, so it doesn't rely only on Tax ID.

They are requiring to send all accounting documents (invoices, bank statements, payment slip, etc) to the Registered Office in Seychelles. So from a privacy point of view it's a pretty dead jurisdiction.

Looks like they are regulated by the Financial Services Regulatory Commission of Nevis https://www.nevisfsrc.com/regulated-entities/#international-merchant-bank They seem legit, would be interesting to see if they have proper correspondent network for wires.

Ask if you can execute the wire with another currency, i.e. EUR or GBP.

With an UAE offshore company chances to get banked are slim to none at an UAE bank. For international banking is even more complicated since there is not apostille, but the old legalization by consulates. You need a freezone company or an onshore Dubai company with resident card there to get...

Yes, if there is not substance in Estonia, you most likely will pay CIT in UK and also personal income tax from your salary income, however remember that a salary is a deductible expense for corporate tax, so in the end you will be paying less corporate tax. Depending in your personal...

HK is a good option for the reputation, however note that they require Audited Financial Statements each year which could add up to the costs depending on how many transactions do you have. UAE could also be an option, if you don't require banking and only handle crypto even a RAK offshore...

That's good news! Does Swissquote allow third party deposits? Or how have you been able to transfer from a bank account in name of the company to Swissquote?

Looks like you need to do FFC transfers in order to transfer in. Here are the correspondents: https://www.cayebank.bz/sites/default/files/INCOMING%20WIRE%20TRANSFER%20INSTRUCTIONS%20.pdf

You do not pay capital gains tax in USA if you are non-resident there for just trading options.