Breaking: Upcoming important change that will require the reporting of the beneficial owner(s) of a US company in the future.
If you own a US company, it is likely that you are directly affected by this reporting obligation.
The Financial Crimes Enforcement Network (FinCEN) published a...
Mercury is keen on clarifying that you are running a legitimate operation. They want to see, that you have ties to the US (customer/suppliers), that you have a professional website or in case of an Amazon business can provide a sound sellers page.
Mercury wants to make sure that you have social...
Thanks for sharing! My clients were all EU citizens and residents. Did you open personal accounts, business accounts and with or without power of attorney?
After introducing clients to Georgian Banks for four years now, I would like to give an update of my personal experience with SOLO Bank (Bank of Georgia), TBC Bank and Tera Bank.
While opening an account in person might still be possible, opening a personal bank account with a notarized and...
You should do some research on the following topics
management and control
economic substance
cfc rules
beps
aeoi
and with 50-60k per year in revenue costs for substance e.g. a director´s salary and social security contributions might outnumber tax advantages easily.
500 € remote company formation (in case of a freezone formation additional charges apply)
500 € remote bank account opening (private or business with BOG/SOLO)
1000 € accounting p.a.
600 € registered office p.a.
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