Recent content by ilke

Poland has unique exemptions for a small number of corporate types (almost only US LLCs) but you have to discuss it with an international tax expert who is familiar with these laws

What is she trying to achieve? Just pay Seychelles formation fees using crypto?

Who suggested Cyprus? If you are going to be setting up a foreign entity then BVI is a better choice

They should still hold a money lender (can be adjusted to conduct payment services), MSO, or SVF license somewhere, yet the listed entity of the site has none of them. Well, I presume they have something if DBS truly works with them. But it is strange to not publish any licenses and have the...

Well, in the back-end it is probably a law firm or general licensed CSP, with him running some sort of white-label and reselling the services with a markup via his brand. But, specifically in this case, he is sharing a lot of misinformation about the Cypriot tax system. Yes, your point is...

This seems quite risky to me. Does not appear to have differentiation e.g. for non-resident aliens who are simply banking in the US with no other relevant ties (which is actually quite a lot of people). Interested to see what others have to say on this topic. Including the direct excerpt from...

TBMK just a bad coincidence, nodabank.com is from brighty.app (Swiss SRO member and Lithuanian VASP). I think the service is running on a BaaS on a BaaS (Brighty issues accounts through Breinrock but Breinrock has no access to payment rails, so it is in turn issuing through another BaaS). Per...

Yes, definitely fine, why wouldn't it be? You can remit distributions to yourself at any time or make purchases on behalf of the entity (and then get paid back).

As I understood, it is not an investment into this tech provider itself, but into a parking space that will be monetized and managed through this platform (with that curbside parking meter).

This is absolutely irrelevant. Its UK status lapsed because the UK is no longer an EU member (in fact you are quite a few years late to the Brexit party) and the UK thus no longer recognises EU licenses by default, nor can EU entities directly become EMD agents. Harmoniie SAS has a French EMI...

Yes, of course. Amnis is licensed in Liechtenstein and Switzerland, its main target are EU and Swiss companies. It can onboard quite a lot of jurisdictions but it charges a compliance fee (TBMK, 1000 EUR) for higher risk countries. The offering of currencies and local details is very good and...

Excuse my lack of knowledge, no idea and never tried it (only worked with Bendura in LI, which is a pretty fine bank), but what is the reason to avoid Kaiser?

I agree to a certain extent. But their employees wield too much power, they have too much automation for their own good, and they flag things just for the fun of it. I have seen many European low-risk businesses frozen with Wise absolutely unnecessarily. For example, Revolut is also compliance...

I suggest thinking thrice. Or quadrice (although this is generally an obsolete word). Just think as many times as it takes to decide against moving your tax residency to Spain.

1. You do not have legal protections against the shareholders. 2. It is not legal to not disclose the UBO when there is one. Exercising 100% of control, even with 4 'shareholders' each holding 25%, is still being a UBO. Also mentioned by @CyprusLaw who has a very good understanding of this fact...