Recent content by Mark Rucken

Yeah, everyone received a notification. I would not count them off just yet, a cat's got 9 lives ...

Pretty much. The more developed a country is, they are more strict. For instance, Croatia is in the EU (since 2013), but they are still not that strict and have not developed such extreme procedures, but they are probably striving to.

My accountants charge HK$ 15 000 for annual financial statements and tax return submission, total. Change the Agent/Accountant, there are hundreds of them.

Payoneer

Brutal. OP is shook, so he failed to reply.

1 million is crazy, I would send them to hell :D

So you started a dramatic thread for no reason, because you simply needed to wait 1 day.

I have also been advised by top bankers in Cyprus that banks are not reporting active non financial entities that have less than 250k of sitting money. God knows is this true or not, but it is obvious that no one knows how CRS work and does it work at all.

From my experience, you need to open a brand new account, you can not "upgrade" it. I believe that in the right top corner you have an option "open business" account. They will ask for company documents, EIN and authorized person's passport/ID. Normally, they also ask for some sort of online...

I am close to open account in the US traditional bank for US LLC with foreign member. US bank only asks for a US utility bill in the name of foreign member and apparently the account will be activated. Any idea how to obtain this utility bill? Is there some good online provider for cable TV or...

Caye Bank Belize Euro Pacific Bank Puerto Rico Two offshore banks that work fine (not perfect, but they work) Alternatively, you can use Wise or any other EU electronic money institution

You can do re-dom to Seychelles or BVI and then open Wise account. Wise does not offer cards for business from such jurisdictions, but if the card is not a must, it could work just fine.

Literally no one will deal with Liberia in Europe, forget it and move on, save time and money.

You gotta be joking, right? Every sane person would be able to find country of birth based on the city written in passport, not to mention compliance departments of banks.

Happened to me as well, also in a major European bank. They sent a random email addressed to some Czech dude, later they recalled it. On topic, CIM is actually not that bad. Once you manage to open that account things go rather smooth. Sending them a simple invoice or pro-forma simple agreement...