Recent content by Cloudbanck

Yeah well, some of these have been around for 20 years and/or have many hundreds of employees in dozens of offices around the world. But you have to look up the one you want to use of course. Id be somewhat careful with the chinese ones even if they are big and have US offices and...

Yeah, most of them are free, not sure about the chinese ones. I tried to deliberately exclude those that charge high fees to maintain the account because they focus on companies that cant onboard anywhere else. And I got more: Bancoli (US), VertoFX (UK), Currencies Direct (UK), FV Bank...

Yeah, looks interesting. Seems they havent launched officially yet, but there is a beta version available of their app. And Im trying to figure out who is behind it and where they are based. On their website it just says "Parent company: Zypto SP ZOO VASP ┃ License Number: RDWW-874. Zypto...

Here is my list of crypto friendly EMIs/Banks: Personal: Xapo, DTS Money (Xward Canada MSB license), Blackcatcard, Business and Personal: Nebeus, Swissquote Bank, FV Bank, Revolut, Zen, Verifo, YourSafe (ex BitSafe), Vialet, ISX Financial, Ecommbanx Crypto exchanges/services that also have some...

And a more positive one: Paysera, https://www.paysera.com/ from the UK "Yes, you are able to open a business account with us for your LLC. In order to do so, you need to first open a personal Paysera account"

One more: Amnis based in Switzerland International Payments with the #1 Platform - fast & simple | amnis "Unfortunately we do not support this setup. We only onboard USD LLC when the UBO/Director is resident in the US as well. But thank you for your request and your interest in our service."

Yes, if the country of residence issues tax ids. And then there are edge cases like the UAE that doesnt issue personal tax ids, but people generally fill in their emirates id number, and US and other authorities seem to accept it. Highly unlikely, it is unusual the IRS asks for anything from a...

Yes, it is true that non-residents can't open US S Corps, but they can open US LLCs which are also pass-through/disregarded. With a US LLC there will not be any US corporate income tax, nor any withholding tax (except for royalties and other types of passive income flows.) See here for...

On point 2. that's indeed not true. Normal cost is 300 USD to 400 USD and that's for a US based service (not fiverr). I paid 300 USD the first year, and since then I have been doing it myself, there are a few non obvious fields, but overall not so difficult, and there is plenty of material and...

I'd generally advise to get out of a tax hell country as early as possible - before getting a house, a spouse, children, a dog etc - and stay out, even if initially tax gains are modest. Going back for short visits is fine, but just dont become a tax resident again. As to the Netherlands, it...

I just tried their demo account and it doesnt show the BIC. Would like to know too! It says CH-IBAN in the name of your company for local collections Free, local payments and collections in the UK, US, CH & EU right on their landing page.

They know it is Kraken even if it is a dedicated IBAN I think.

Yeah I meant customers pay to Bank A which is not necessarily crypto friendly, and then you do an intra company transfer to Bank (or EMI) B which is crypto friendly. And then you convert to BTC within Bank B or send to an exchange from Bank B. So from Bank A's perspective you are just sending...

So, if your business has nothing to do with crypto, maybe dont do any transactions related to crypto with your business accounts. Just use your personal accounts for sending/receiving to exchanges to transact with Bitcoin. But if you cant do that because of negative tax consequences (or...

Interesting list! Here is my research Amnis - Swiss company with a swiss team, founded in 2014, focused on SMEs, you get a swiss IBAN in the company name, and I think US, UK, EUR accounts too. I have asked them if US LLCs can open an account. Says non-fiat currency is a restricted activity, so...