Recent content by ilke

Because US taxpayers are reported via FATCA while the rest of the world is reported via CRS. The payment provider would have to get a GIIN, verify tax status with the US forms, and integrate the tech-side sending system. It's not necessarily a super hard process but also might not be worth their...

They accept many non-EU, e.g. some of the usual offshore like Curacao, Seychelles, BVI, etc. I don't think they work with US LLCs though; most European companies tend to avoid due to added reporting risk (and large punishments for not reporting if the company is a US taxpayer)

I think it's just made up; the company is definitely fully Ukrainian owned

Yes, why not, but it will decrease your chances/capabilities of banking the Pte. Ltd. Bringing US into the mix inside foreign structures is not ideal for banks. Would probably be better to just use a decently reputable general offshore entity (e.g., Cayman, BVI)

Why not Revolut Business? Only 10 EUR monthly for business clients and it works pretty OK for low-risk activities. You can definitely have up to 200 debit cards per employee, and if I remember correctly something like 50-100 IBANs per currency.

What is wrong with BDO Italia? Also the composition is public. But yes, the transparency is lower with Tether than Circle. On the other hand, Tether is still the standard for payments.

Yoursafe allows custom name based on social media handle with some limitations for personal accounts. Otherwise @daniels27 is right, some European banks are insensitive to mismatched names. Otherwise, if you use trade name + real person name (like "ABC123XXLsuperconsulting John Smith"), there...

Well, not so much now, but used to have it as a primary business – a lawyer by education, but CPA is how I made my first million :)

I assume CPA as in cost-per-action i.e. affiliate marketing, not accounting – you probably wouldn't do that since a kid or use it to learn web development

NGN for personal accounts on Due and you can convert directly to USDC

They also have 1 or 2 more Dominican banks, 4 EMIs, 1 PI, and some SRO members, MSBs, local licenses in developing countries, etc. Good question, no idea. But it's pretty interesting and they must be well capitalized.

Bankrupt and banana republic with insane capital requirements after the reform. It was good when $500K made up of mostly the CD was the capital requirement. Now you can probably get a license easier in the EU (e.g. specialized bank in LT even though I am not a big fan of this jurisdiction) with...

No. IBAN discrimination is illegal in the Eurozone. You can get AdSense payments to any Eurozone country, e.g. Maltese account to Lithuanian IBAN. Only royalties from YouTube. Service income from AdSense for Web/Admob for Apps.

None of these are US sourced income in the way we are talking about, which is ECI. You would have to have a US employee or conduct some activity from US territory (in a majority of cases) to trigger US ECI. Just having clients is not important.

You can theoretically go for Anjouan as you mention but IMO this is not more than a cosmetic license. It theoretically works but these licenses are not globally recognised, I think the primary benefit is that you can use bank in your business name, lol. Yes, it's very slow and compliance is...