Recent content by Soterus

Many accounts are frozen, see below: https://www.coindesk.com/consensus-magazine/2023/06/02/apple-and-goldman-sachs-dont-trust-their-new-banking-customers/

The link below is the source of my information, an article from the Swiss newspaper "Blick". It states that Swiss nationals living in Cyprus can only maintain their UBS bank account under the condition of a deposit of 1 million CHF. Why is Cyprus now a high risk country for UBS? It is EU. Or...

There are some non-FINTECH banks in EU, (large system-relevant banks, too big to fail) such as Deutsche Bank, or DKB in Germany, or US-EMIs, where you can have an account with a card (and IBAN for pensions), but you pay fees for that obviously. These retired people certainly do not receive...

What I dislike in this video: He claims it is possible to use N26 or Revolut bank as a PY resident, and one does not need any PY bank. That is wrong. N26 closes your account as soon as they know you do not live anymore in EU. Equally do all EU brokers. It is, however, possible to use US banks...

It would be best to know a business partner or personal friend who is already a client of this company. Also, I find the price absurdly high, 4,000 USD for opening a bank account. The minimum wage in Brazil is 1,302 BRL = 252 USD today. From this amount (4,000 USD), a poor family can live for 15...

On their web site they claim: What I find really strange is the fact that the account comes with a Brokerage account. To the best of my knowledge, this is illegal. A nonresident (even Brazilian) needs an authorized financial advisor for managing stock trading in Brazil, and this costs 50,000...

Get to know: Brazil is a CRS country. There are 2 types of bank accounts, standard = no data exchange, and CDE = "conta para domiciliados no exterior", here you have to submit utility bill etc. on a regular basis. All transaction data are exchanged. If a Brazilian national moves abroad and the...

To the best of my knowledge, the US does not report company bank accounts to other countries' tax authorities at all. Data exchange is only for personal accounts. Why fear? On the other hand, I believe it is extremely difficult for any US entity to obtain a bank account outside of the US. This...

Assuming you sell via Digistore or a similar platform, a possible VAT problem does not exist for you since Digistore automatically deducts VAT according to the country of your client. You might consider opening a US LLC, this means you do not pay taxes in the US as long as you do not have US...

Please consider that Puerto Rico Banks are not FDIC insured, their business is not having to comply with all the US rules.

Germany is the country with the worldwide highest taxes and fees for self-employed people. What do you want there if you really have enough money for your business? Almost everywhere else outside Europe you can do better. If you really like Europe, consider GB, Portugal, Romania or Bulgaria. I...

Dear all, I am resident in Paraguay and have a Dukascopy multicurrency account, which runs without a card as already discussed in other posts. Recently, AdvCash accepted me as a client and offers a UnionPay Card, which they let ship to Paraguay. Question: Does anybody know if these UnionPay...

Hi, I have no other than EU citizenship, and my idea is to spend that sum over the next 2 years, while saving most of my PY income here, which I will document well regarding the sources for any possible future transfers to the US. I will not buy or cash out any crypto.

Dear all, I have a special question regarding a personal bank account. Here is some relevant background information. I am an Austrian national, living in Paraguay since Jan 2021. Previously I lived in Brazil (for about 15 years). I have currently 3 non-Paraguayan bank accounts: 1 national...