Recent content by saturnix

CRS reports the sum of all money added to an account, all money spent, and all interests earned. Emptying an account before EOY makes absolutely no sense to prevent the tax authorities from knowing your balance. — US banks are free to ask you whatever documents they want, for whatever reason...

Please refer back to message number 5 on this thread. The VISA is both for employed and self-employed people.

They got more strict with onboarding. Documented US presence (customers, suppliers, employees) is required. See: Verifying your Business in the US WISE is the absolute easiest, cheapest and fastest one. If that breaks, good fucking luck. See here for alternatives: SEPA for US LLC: WISE banned...

Bro… https://letmegooglethat.com/?q=remote+work+visa+uae

No I’m not

When complaining about fixed costs of Dubai, are you referring to the cost of living or the cost of the VISA? The latter is easily fixed with a remote work VISA: look it up. If you’re still using a freezone or mainland LLC solely for the VISA, with no economic activity in the country, you’re...

Where do you reside? When the EMI will ask for your address (+ proof), which country is it? If it's Brazil, I see zero reasons for not using Revolut. It is supported: Revolut lands in Brazil!

I closed a UK LLP more than 1 year ago. An EMI still hasn't closed the account. Wrote to customer service, told them my LLP is closed, then requested a multicurrency account. It got approved clow#¤% Obviously not going to use it, but it's so funny. Your UK LLP data is available for the whole...

You renounce the residency (and all its tax implications) simply by moving abroad, staying outside the country for more than 180 days per tax year, and respecting the local requirements to not be considered resident (in my country, one of these requisites is literally deleting yourself from the...

Would help to know: - which residency you plan to use for it - which countries you need to take the cash from - in which currencies Since you talk about AED, I suppose you reside in the UAE therefore I recommend WIO: free withdrawals from FAB ATMs, multicurrency account (USD, GBP, EUR) all...

Bringing the money into an IBKR account would also create a taxable event. If your IBKR account is with an EU residency, then you are reportable to the country on file by CRS rules. It wouldn't be exactly the same as "bringing the money inside the country", but very similar. You need a tax-free...

I had Levro: my bad for not including it in the OP. Yes, it was amazing. Unfortunately, banned because I mistakenly told them I don't have US customers after a routine control. Yes, this is stupid but no: this was before the Mercury/Brex/... banwave for LLCs with no US customers. Now even rocks...

Absolutely not. It's just a very simple and straightforward online business. Think about an affiliate blog selling ad space, or a youtube channel, or a freelancer doing marketing services for 3 customers on retainer. Not *exactly* that but very similar. The KYC pain comes from not being a EU...

I reside in the UAE as a EU citizen and need a quick, easy and cheap solution to receive SEPA payments in EUR from 3 different businesses. So far, I solved this with a Delaware LLC, sole owner, with a WISE account, but I made a mistake and got it permabanned. Here are the options I'm already...