DLS Dubai - Company Formation & Bank Account
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UK Ltd with emi bank account
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    Setup for Crypto and Stock trading

    Please check my profile :) You only forgot the bank account to be able to fund your IB account (you must fund your account using a bank in the name of the company). But yeah, it is a simple setup. The taxation will depend on the laws of the country you reside. As I said in a past post, my...
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    Setup for Crypto and Stock trading

    Do you know Bankera ? It is a little pricey, but they have a plan specifically for crypto exchanges: https://bankera.com/pricing/business-account/ I also found a list of banks that may be helpful for your case: https://techmeetstrader.com/banks-for-crypto-companies/ If you can't open a bank...
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    Setup for Crypto and Stock trading

    Hey Phantom. I am sorry for this late reply. Unfortunately Brazil is undergoing a tax reform and there are many things that we don't know yet, but it seems that in the current proposal citizens will be required to pay taxes of the annual profits of companies located in countries considered "tax...
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    Setup for Crypto and Stock trading

    Thanks for the reply Phantom. That's almost exactly my line of thought so far. Only one correction: you will not pay taxes for capital gains in stocks and derivatives of US stocks, even with a US LLC. These gains are not counted as income coming from US. You will play however the 30% tax...
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    Brazil. You have to be careful because in some places a Controlled Foreign Coroporation (CFC) have some rules, including taxation. But even in those cases, such as the UK, sometimes you don't pay taxes for business done overseas and financial trading.
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    This is contrary to every other piece of information I`ve found on the Internet. What other people say is that not only you don't need a SSN, people could create Wise account even without EIN. Do you think they would accept the Registered Agent address? If I opt for the owner address, can it...
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    Setup for Crypto and Stock trading

    He stopped replying to my messages in telegram. I was able to confirm that they allow as long as you can pass the CM-Equity AG KYC. I have no idea about how hard would be that.
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    Crypto 2020 taxes USA residence future planning for confiscation; report or not report?

    Maybe you can form an offshore company and have your cryptos there? You can use DEX for exchanging between tokens. This way I think you don't need to report any crypto transactions at all. At least it's how it works in my country. The crypto->fiat path is much more complex, but it is not...
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    No, only for WY. But maybe is not even a requirement of theirs, just missinfomation.
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    Setup for Crypto and Stock trading

    That is the question that everyone here is asking and nobody could answer. Theoretically they could accept a company from Seychelles. But we don't know until someone tries. One difference between the binance and FTX applications are that Binance expects much more documents regarding the...
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    Tax optimization. Although in US LLCs are pass through entities, I was able to confirm with a local lawyer that for my country the only thing I need to report is "Shares of company XXX" and I would need to pay taxes only on the dividends I pay myself or if I sold the company someday for a...
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    Thanks. Is there any disadvantage in a Florida LLC? It seems cheaper than Delaware but more expensive than NM and WY. Maybe also less registered agents to choose from. Honestly I don't want anonymity. I will report this company in my way to my local tax authority anyways. But maybe I am missing...
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    Wyoming, Delaware or New Mexico, please tell me what's your choice?

    Has anyone here ever considered a Florida LLC? From what I've read they don't offer any anonimity but besides that it is almost the same as others. Don't know if it helps but it is easier for me to travel do Florida to open a bank account there. The lack of anonimity may also help for opening a...
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    Setup for Crypto and Stock trading

    Wow. We basically are in almost the same situation. I am also considering right now forming 2 different companies. I have used Wise to fund my IBKR personal account, so I believe that this would also work with a business account. I am considering trying a Wyoming LLC + EMI for that. For the...
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    InteractiveBrokers + Seychelles IBC -> account closure

    What are these alternatives? People mentioned Saxo Bank and Swiss Quote. Any other?
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    Setup for Crypto and Stock trading

    Thank you for your response. Yeah, it seems that I should not use Wise for anything related to Crypto. Specially if I haven't secured other bank accounts. I am considering the following: Opening a Delaware LLC. While a wait for the EIN (should take many months) I open an account with IBKR. When...
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    Offshore company for stock trading with Interactive Brokers

    Yes. Getting a bank account would be another problem. But if IBKR does not have a problem with foreign owned LLCs, that's already a good progress, considering that they apparently aren't being friendly with BVI and other jurisdictions.
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    Offshore company for stock trading with Interactive Brokers

    I have the same problem as the OP. An offshore would help me a lot in tax optimization for stock investing. I would also love to not do accounting. But it seems like it's becoming very hard to do it in traditional tax havens. Does anyone knows if I would face problems opening a IBKR account for...
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    Setup for Crypto and Stock trading

    Is wise rejecting your applications? Are they for companies located in US? Or companies in the Caribbean? I see. Better to use them only for sending/receiving from IBKR. For the Crypto<->Fiat I could use an intermediate EMI.
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    Setup for Crypto and Stock trading

    Do you have a recommended firm for LLP formation? Also, I don't need to worry about accounting, right? The UK option attracted me a lot. But there is not a lot of info and services out there compared to US. I just assumed I would be able to get a Mercury or Wise account(no debit card for wise)...
Offshore Bank Accounts
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