Recent content by internationalgangster

yeah. and broke. don't know if your comment is a joke or if you are being serious.

you should look into "wealth management". If you have multiple Millions, Big Street Banks as well as private banks will open bank accounts for you IF you give them 1-2M into wealth management. They will then bend over for you to accommodate your banking needs. Those banks will then also be...

actually OP asked specifically about VAT on ADs. You can apply for monthly invoicing with many other advertisers... uh huh... you need a long history with them and with meta it's a complete gamble. you clearly don't run any international business with paid ads so i don't understand why you...

so many guys don't understand how online business with advertising works. If you find a good product you can go from 100k to 1M€ ad spend within one month. and if you have to pay 20% on top of your ad spend, this fucks your cashflow. eVeN iF YoU cAn ClaIM iT bAcK LaTEr stupi#21

any fintech bank accounts that you guys can recommend for a BC CA LLP ? other than Wise ?

"support monkeys" . those people decide wether your bank account stays open or not. Being friendly and overdeliver will get you much more far than "i already sent you an invoice weeks ago what do you want" not always, but sometimes they ask for that. (I do speak from actual experience)...

they usually send you a few questions about business relationship, invoice, website, maybe communication logs. if you just sent their "support monkeys" the invoice, that might not be enough. I can tell you that if you approach KYC with that attitude, most banks will kick you out.

i guess adding the trading adress outside of the registered country did have consequences.

I think there is a lot of misinformation in this thread. For Ad Spend it makes total sense to do it from a jurisdiction where you don't have to pay VAT on it. Ad Spend can go into the millions per year quickly. Why would you pay an additional 20% and then claim it back a year after that...

not yet, will try

do you also offer other payment processors such as Klarna or Paypal? If you don't offer them, can they be opened with this setup and be maintained by the client?

Ecommerce

Hi Guys! What bank / EMI can you recommend for a UK LTD to receive payouts from stripe / other payment processors? Except Wise. Needs to have EUR IBAN. Expected volume: high 5, low 6 figure incoming per month. Bonus: Needs to accept director living in China. Thanks for all recommendations!

Same here - UK LTD, trading address is in china. CA LLP with trading address in Thailand. Got two emails from wise in the last weeks.. have to update the trading address. haven't done it yet.

using airwallex with HK entity for 4+ years. they DO seemingly random KYC checks. Like suddenly they want to see documentation for a specific transfer. Sometimes they froze our account while the check was ongoing, sometimes the account works like normal, just the transfer is frozen until they...