Recent content by dvm

I was referring to your assumption that when Ukraine joins CRS in 2023 they may get transaction reports for those that happened in 2022 when Ukraine was still not a member of CRS.

Are you familiar with actual cases of retroactive CRS reporting?

The company is a tiny 1-person software development company, registered in the Virtual Zone of Georgia (0% corporate income tax, 5% tax on dividends). The fiend is a tax resident of Ukraine.

Hi everyone, A friend has a company in Georgia (not a member of CRS at the moment), which has a business account in a Lithuanian EMI. Is the EMI supposed to report the account transactions to the Georgian authorities?

Not really, they definitely onboard clients from countries other than these 3.

I think it's been discussed in a different thread that they ended up being a scam.

Hi guys, for those who don't have access to the mentor group, what is the bottom line in regards to SatchelPay - is it trustworthy or not?

Do they allow to receive wire/SWIFT transfers to business accounts? This is a little bit unclear from their introduction email, which states the following: "For business: - Accept payments from millions of Payeer users, cryptocurrencies, bank cards, cash and payment systems - Mass payments for...

Yes, that one. The steps you depicted create a personal account.

Do they onboard businesses? I see fees for businesses, but can't find an option to request a business account opening.

Are you going to have any presence in Georgia? If not, be prepared to have the TBC account closed eventually. I had an IT company in Georgia with a business account in TBC, after several transactions they said that my business did not have any connection to Georgia (despite us employing a...

Does having a US manager without a salary make the above mentioned income ECI (or the whole LLC a subject to ETBUS for that matter)?

Is it possible to open an account for a Georgian company in CIM remotely?

This is rather a US's and EU's achievement. Haven't they relocated their manufacturing to China, China would still have been floating in the same s**t.

Try AdvCash. Since they don't allow 3rd party incoming transfers, opening an account with them is pretty simple. And they should work for your purpose.