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In which country to open bank account?

Discussion in 'Business & Tax Advice' started by Lauriat, Jun 11, 2013.

  1. Lauriat

    Lauriat Power Member

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  2. Lauriat

    Lauriat Power Member

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    anyone?
     
  3. moromete

    moromete Junior Member

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  4. cigar

    cigar Newbie

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    Malaysia your best choise.
     
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  5. Lauriat

    Lauriat Power Member

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    Thx guys.
     
  6. WayneInc

    WayneInc Senior Member

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    Cyprus is the best option and also you will save on tax..every money in your pocket no need to pay tax.. but in recent tour was some bankruptcy happen so check the bank portfolio before investing..
     
  7. Alpha.

    Alpha. Power Member

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    Seriously? ... Cyprus?

    None of you read/saw the news at the end of last year regarding the collapse of tax haven Cyprus? Keep your money out of the EU zone, you never know when you might loose it! Cyprus is a serious risk atm, when the collapse came they froze tons of accounts, one of mine included.. and it took me three months to get it back, that money was meant for a JV and I lost that chance due to them.

    You do realize that Cyprus is in Greece, and Greece is absolutely bankrupt? Again: keep your cash out of Cyprus!

    Same goes for Luxembourg, they're talking about removing they're tax secrecy status ATM.

    There's only one viable solution on that Paypal list, if you know what you're doing.. but it really depends on what your defintion of "shady" is..
     
  8. lancis

    lancis Elite Member

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    I will be brutal honest - there is no country on that list that can be used for shady money movement. US has the financial sector covered in most parts of the world.
     
  9. GiorgioB

    GiorgioB Supreme Member

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    I've heard seychelles and singapore are good. One advice, not Hong Kong,.. HSBC are really a bunch of fucking tossers..


    PS. at the guy who said Cyprus... you got to be trolling man..
     
    Last edited: Jun 13, 2013
  10. lmxftw

    lmxftw BANNED BANNED

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  11. RosuC

    RosuC Regular Member

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    So, in this moment there is no country from that list that can protect your money movements. If you want to "hide" your financial operations you need to have an account in the still existing off-shore countries like: Andorra, Lichtenstein, Isle of Man, Belize or Seychelles. There 5 countries still have some "protections" even tho the first 2 were already started to become more close to the EU politics of open doors regarding the bank secrets.
    I strongly suggest to you to make as I do, of course depends on where you are. Open an bank account in an EU country with your passport, then use this bank account by using the Internet Banking and create, as well, an Debit Card on it. The state where the bank account is can't tax you unless you declare your money into your country as income. If the fiscal police is coming to you then you just don't declare this account and you are safe for the moment, still if there is a special request from the authorities then you'll have to pay the taxes (as I do pay 16%) to the locator country.
    All the best, but I suggest that you should think ten times before you make movements - especially in the banking system
     
  12. meannn

    meannn Supreme Member

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    Turkey works fine for me.