Recent content by rainmaker

I'm sorry, I don't fully understand what you meant. What does "1st party payment" mean?

Yeah I have to just accept it, would an EMI work for that? The main problem is going to be the bank or EMI asking questions about it too. It's not a big figure (less than 20k) but I have no documents to support it (other than bank statement from Wise and Clickbank statements for sales and...

I assume you were able to get your account back in the end, what did they ask for to justify those 3 months of revenue?

For sure, but unfortunately I don't think they care about that. I also don't see what's wrong about getting payments in your personal account. In fact, they do allow e-commerce and freelancer payouts. There's also this point in the TOS I posted earlier about allowed purposes that I don't fully...

I understand what you mean and you are totally right about that. Thank you for the help figuring out what documents I could present, that was very useful. After thinking about it a bit more, I just see 2 ways to proceed forward for my case: 1. Send them the documents you suggested in the...

Yes it is a personal account, so the acount closing seems to be a very likely outcome. Maybe they let me go with a warning if I approach the situation in the right way. Even so, it seems that this has happened as part of an automated process. I haven't raised any flags myself that triggered the...

Also interested in how this ended Can you please send a PM to me too? I have a somewhat related case

In that case I'm in trouble, all the more reason to absolutely avoid drawing any attention in this process if possible. All payments come from Clickbank, I don't know if they could be considered as a marketplace. They do define themselves as such but I'm not sure if Wise would do so.

I don't hink I have, as far as I know you are allowed to receive payments from e-commerce and other platforms. Tons of affiliate marketers use Wise to receive payments: 1.4 You may only use your Wise Account Number to receive funds into your Wise Account for the following purposes: receiving...

Hi, So apparently Wise has rolled out new terms of service recently or something like that. They sent a notification to verify before september 20th and I forgot to do it, my account is now blocked until I complete the verification. They are asking the typical "send ID again", etc. I've had...

Let me get this straight. If I create a Estonian company and rent an apartment there all year round I become a tax resident? They really don't care about the 183 days? Can I get a tax certificate after the first year that will be accepted by other countries? Has anyone tried this? What do...

That may be the situation right now (I don't know, I'm not a lawyer and not from Portugal), but it could change in the future. Can you guarantee it won't be challenged in the next 10 years? The challenge wouldn't be out of scope that's for sure, I would argue that they want to attract...

You can just pay the 28% and be done with it. The NHR + corporate setup seems too risky, complicated and might even backfire and become a big mess. Not worth it imho. You wanted to come out of the shadows and stop hiding right? If you take that route you'll be hiding again, kinda, this time in...

Getting NHR is easy for pensionists of course, they are one of the main targets of the program and very easy to prove. Where did you get that 1125€ max per year? You meant 11250€ perhaps? You should look into the self employed simplified tax regime, might be just what you need without the NHR...

Well, to be fair, avarage worker in Spain pays less than 28% because they make peanuts. Making 100k you pay closer to 35% (43% if you take into account the part payed by the employer), and it ony goes up from there. No problem at all with your plan regarding money, sounds pretty solid to me...