Recent content by ImABotnet

Update: " Good Afternoon XXXXX , We refer to your request to open an account in name of XXXXXXXX . Following a review of your application and the supporting documentation you provided, I regret to advise that we are unable to provide your business with our services and your request has...

Things are going well so far with opening a bank account at HSBC Malta, even though I’m not yet a Maltese resident. Ive already submitted my business plan, and today they asked for a structure chart of my company. For now, it seems quite positive. It’s a far cry from everything I’ve read here...

Thank you all for your advice! I can no longer open an account with Revolut since I had issues with them two years ago—I am systematically rejected. Wise is not accepting new clients in Malta at the moment. I managed to open an account with Wamo. I am also in contact with HSBC Malta; they...

Hello everyone, I have now successfully registered my company in Malta, which was finalized since 1 week! I would really appreciate your advice on one final and crucial point: Which bank would you recommend for my business? I run three e-commerce stores generating around €100K in monthly...

Regarding the opening of a bank account, does anyone have suggestions on who I could choose?

Yes, of course, I will stay there for at least 183 days in the year.

Hello everyone, First of all, I want to sincerely thank you all for your help and for opening my eyes throughout this process. I have now successfully registered my company in Malta, which was finalized today! I would really appreciate your advice on one final and crucial point: Which bank...

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You can imagine that I contacted them by email. Here is what they confirmed to me. They are a legitimate Andorran firm, and they also have a YouTube channel where they post daily videos. In any case, whether it's 2% or 10%, both options work for me, so the outcome will remain the same. I am...

I just checked and nothing is required for the first year. For the renewal, I find it normal it's the minimum when settling in a country that isn't ours to know the basics of the language, especially since I will be spending more than six months per year there. So, it's beneficial for everyone.

https://setupandorra.com/en/news/what-are-the-taxation-and-the-corporate-tax-rate-in-andorra/ "International corporation: taxation of 2% maximum;"

Indeed, Andorra is also a solution, and even more advantageous in terms of taxation than Malta, as the tax rate is only 2% if I run online stores with revenue mainly from abroad. It is also very close to my home, less than a 4-hour drive. However, I haven’t found anything stating that speaking...

Okay, so if I understand correctly, living in Malta for more than 6 months per year, having a company registered in Malta, and setting up a holding company abroad would allow me to pay only 5% tax on my profits. If that's correct, this is definitely the best solution for me. I generate around...

I think you guys are about to change my mind—I’m already checking out apartments in Malta! But that makes me wonder... Why do people set up companies in places like Delaware, Hong Kong, Seychelles, Belize, or Saint Vincent and the Grenadines? I assume most of them don’t actually move there, so...

Yeah, but I’m between 20 and 25, and my girlfriend is still studying, so it’s complicated... When your whole life is built in one country, leaving isn’t that easy ...