that is the plan as a second account, prefer a Bank as Primary and an EMI as secondary
.......
I received word from Flag Theory (an offshore company creation firm) the following for Forex Trading:
additionally, for banking:
Here you go!
I'm doing this in reverse order, trying to find a reputable bank first, then creating the corporation .. its been interesting to say the least!
Yes, I contacted them and they are open to Anguillan Businesses ... he sent me a PDF of countries they accept. However, he did say that they might have problems working with Crypto Exchanges who want to exchange fiat. That's not really a problem as long as they accept the Forex Broker (HFM)...
Thanks for the response, based on some professional feedback, I'm looking into Anguilla (No License Needed) and Flow Bank (No License Needed) for her. Anguilla qualifies for Flow Bank and they are working on a Debit Card program in Q3/Q4. But I've been pivoting almost every other day lol as I...
Does this still hold true?
1. Panamanian Trust (owns everything) and Minimal Salary
2. Trading for yourself does not require a license (in Panama)
3. EMI is recommended for Panamanian Trust
I'm looking for my Italian friend who resides in Ecuador and trades Forex. At this time, Ecuador would...
Don't forget, everything is negotiable in Ecuador ;)
Ecuador guarantees up to 64k (32k bank, 32k cooperativa) ... LOL ... but the banks I use are the best in the country and will be the last to fail. I sacrifice a tiny bit of interest for more peace of mind.
Other than the USD or Ecuador or the Banks collapsing, its very safe and I've been happy. It used to be much more volatile before Ecuador took on the USD. The next big opportunity will be when Argentina adopts the USD (which is being planned). My favorite part is that 1-year Bank CDs in Ecuador...
For the low-risk portion of my portfolio I've got cash in a Bank Savings Accounts at 5% (withdraw any time) and Bank CDs at 10% (1-year). I deposit funds monthly into new 1-year Bank CDs (which pay interest monthly). Whenever I don't need the funds I roll it back into the next 1-year CD. This...
The use of cryptocurrencies in Ecuador, as a means of payment, is prohibited . The only currency allowed for the purchase and sale of goods and services is the dollar. So why do Ecuadorians acquire cryptocurrencies? To have them as a form of investment because there is no legal norm that...
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