Nobody questioned the fact about no taxes in Dubai. The problem at hand is: how will the home country of someone who is a non-(tax)-resident of Dubai buying real estate in it "for btc" treat the fact that btc gets exchanged to fiat (therefore creating a tax event from the reference frame of...
Reading through the middle of the article it sounded promising (.."still accepts it for trade ... including real estate"), but then at the end comes the chilling part: " As soon as you make a currency (error: what they meant is payment) in Bitcoin, the system transfers into fiat, which is the...
Fintech license is too narrow, there are many swiss emis behind banking license type.
@maxmmm Don't really want to drag the thread into that direction. However, you might want to check these 2 things:
* BoE's quarterly bulletin: "Money creation in modern economy"
* Scientific article : "Hiw...
SEBA "bank", SQ, Dukascopy, Sygnum ... You have to dig really deep to prove these are banks to, probably at the end, conclude that in fact they are not, but in fact EMIs Especially in jurisdiction like Switz, with a whole rainbow of financial licences.
We use the word *bank* too often too...
@TRX I wanted to ask about the loan taking for quite some time, since it pops up all over the forum. Can you please give an example of how is this done? Why director's? A legal entity gives a loan to physical entity, which has to he employed or not? What about the repayment then? It seems like a...
My estimate is that all of the above are negligible risks compared to the only one Fred wasn't explicit about - the actual business activity performed at the crucial step where crypto is exchanged to fiat. I hoped that the OP knows something more about that.
* ADVCash is not issuing cards for nonEEAs (keeps "soon" status for years now, so that's an obvious waporware)
How can mail forwarding help, when I have to prove the residence (at least residence, some services even demand EEA residence+citizenship) ?
Is there even a single option for nonEEAs ? To recap:
* Personal not business account
* Dedicated IBAN preferable, but not mandatory
* With working debit card not promised in future
* Plastic debit not virtual
* nonEEA citizen