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Recent content by xxxmb

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    Seychelles IBC Accounting Records Obligation

    Ok thanks, I will just ignore it then and let it expire.
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    Seychelles IBC Accounting Records Obligation

    Thanks Sols for your input. You are right my submit or pay is an oversimplification, what I meant is according to their own documents $10.000 is the max cumulative fine. I was aware of the fact that we have to keep our records, but in practice the odds of having to provide these were very...
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    Seychelles IBC Accounting Records Obligation

    So according to my agent (and all the information they provided me) Seychelles requires all their IBC's to submit their accounting records for at least the last 7 years. (bank statements, invoices, receipts, etc...). Now I had no intention to continue with my Seychelles IBC, but after this news...
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    US LLC -> US creditcard advice (non resident)

    So I've had a US LLC for a while now, with a Citi bank account and a debit card. Citibank won't give me a creditcard, is there any other bank/3rd party that provides prepaid/creditcards to a US LLC of which the owner is a non US resident (no social security number)? I've tried AMEX and several...
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    USD Bank account for seychelles company

    I have a Hong Kong account with a Seychelles company, but this was opened a couple of years ago, heard it is a lot more difficult these days
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    Do EMIs comply with CRS just like any bank or there is difference?

    So EMI's only pass on information in according with the CRS for accounts with a dedicated IBAN? I guess there is some value into having a "pooled account" after all.
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    Looking for an EMI for US company

    At the moment my US company has a US bank account, but I'd like to receive EUR payments in a EURO IBAN if possible to lower the wire fees. I've already got an account with Transferwise for another company and can't open another one. As far as I can see revolut/N26 don't accept US clients. The...
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    Some more CRS questions

    Thanks for the reply Martin. I guess we'll just see what they do eventually with the information. I guess it could be in the account holder's benefit as well if the wrong address is on file with the bank. In my scenario it might cause some issues, but nothing major I think. Just surprised...
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    Some more CRS questions

    My bank send me a self certification form this year and I filled it in according to their instructions which ended up with the address of my Seychelles company, so I assumed that would be the country to which the details are sent? I'm just going to assume that any of my accounts will be...
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    Some more CRS questions

    Ok in my case that is a Seychelles company, so I doubt they will do anything with it since I'm not a tax resident there. Because I used to be a tax residence there and it is my home country that I still visit often. Besides I would have to explain why my old personal address is on my business...
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    Some more CRS questions

    Hi everyone, I signed up here because I found a lot of good answers on this forum through Google. However I'm still left with some questions. Yes I've read the implementation handbook, but it is quite complicated stuff . I was hoping I could get some answers here or at least get the discussion...