Recent content by no1d

At CIM bank when transferring Euros to Monese

It’s not possible to do EUR transactions because your fiscal permanent address is in Emirates. Who knows why?

I think if you plan depositing a 7 figure sum they might accept you.

Its a fairly easy on-boarding process. I registered online through their IOM subsidiary. After a week they contacted me, I provided SoF documents and after few more calls the account was active in approximately two months. I've registered as UAE resident getting the visa through @Fred from DLS...

Yes, the funds were moved to Barclays.

If you know someone in Germany, you could register at his address then buy the cars, get the plates and de-register after a while. Even staying registered I don't think it will trigger any tax verification since you don't have anything in Germany, no bank, phone, etc.

For the same reason, I registered my 100k car in Germany, a friend put me on his home address. I wonder if German tax authorities will ever ask me about my car. I don't have any bank account, job, phone number in Germany.

Thereafter I want to invest in EU real estate, new developments, house refurbishment and flipping, rentals. That's why I think an UK bank is a better fit for my purposes.

I'm investing but in real estate not in stocks or other assets during this time. So I need access to cash anytime when there's something up for sell. I will go to SC next month when I'm in Dubai. Thanks! I won't hold funds in any of them for long term. Just did that with on Barclays, video...

Big Swiss and Luxembourg banks want to have the money invested but we don't want that, need it in cash. Singapore is far to travel to try opening an account. I heard at UOB is easier to open. Any recommendation for a UK bank that can onboard me as UAE resident?

I had some issues with them regarding my source of funds which took some time. I just upload the invoice for whatever I am paying and they never asked anything. Isn't NBD and UAE more risky as a country compared to Swiss? I think that in UAE foreigners are seen as workers and if there a...

Hi everyone, My business partner and I need to payout the dividends from our company. My banking options are ENBD in Dubai and CIM Banque in Switzerland. Where would you keep around 3M USD?

Its not the Romanian gov who wanted to reduce the threshold of micro companies, Brussels pushed them to do so because its tax heaven rates, but you can own many micro companies and that's still good. Of course it won't last many years even with 500k but I won't worry about that, there's no...

It might take years until local taxman ask you questions about your 200k based on CRS. So you still have time to sort it out, no need to run asap to Alaska. Withdraw most of it and buy a house or a Nautilus if you really want get rid of cash. But better talk with a tax lawyer, one that knows...

Why don't you keep it in cash or invest in a small business, pay taxes and voila. Or buy a house, anyway I won't worry for unpaid tax on just 200k.