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Talked to an accountant - Registering a Business and paying Taxes

Discussion in 'Business & Tax Advice' started by Scorpion Ghost, Mar 15, 2019.

  1. viking011

    viking011 Jr. VIP Jr. VIP

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    I am from Serbia and can confirm :)
     
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  2. rocky12

    rocky12 Jr. VIP Jr. VIP

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    Where are you from? These rates seem quite reasonable to me.
     
  3. SmartPlay

    SmartPlay Registered Member

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    Can I open bank account IF I am not Serbian?
    For example of I go in Serbia as tourist can I open account?
     
  4. Scorpion Ghost

    Scorpion Ghost Jr. VIP Jr. VIP

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    I have no idea man.
     
  5. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    It would require you to check on their T&Cs as to what you need to provide ( address, proof of id, proof of citizenship that type of thing ) but most countries would require you to be resident or own a property there, not just a tourist, I'd suggest.
     
  6. Loxo

    Loxo Regular Member

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    Well Serbia is not like most of countries. You can what ever you want with money, I mean everything.

    You can. It takes like 20 minutes to do that :) I know few people that did that but I didn't asked them about details. I'm sure that you can Google what you need to open ban account as non resident.
     
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  7. ExperimentalSEO

    ExperimentalSEO Registered Member

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    When you hide money for tax purposes, it will also be harder to get any sort of financing in the future. If you actually made $100,000 but only declared $25,000, banks will only recognize $25,000.

    Unless you need it for your business the expense will cost way more than the tax savings.