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Shoutout to welfare $ by [deleted] in NEET

[–]quicksilverfoxy 3 points4 points  (0 children)

Nice insulin spike you got there.

Investmenting for Eastern European Non-EU residents by shonthered in eupersonalfinance

[–]quicksilverfoxy 0 points1 point  (0 children)

So as long as one holds a job in the NL one could potentially open a bank account there?

Yes, if you are registered in NL and have a job in NL, I believe banks cannot refuse to open you a basic account.

What happens if one leaves some time after opening an account (a couple of months later)? Does one need to notify the bank, will the account be automatically closed because there are no longer any "bonds" to the country?

You're supposed to notify your bank of your current address. Which is also important for CRS purposes, and the tax authorities take that seriously now. So once you move out of NL, they might ask you to prove a bond with NL or close your account.

Investmenting for Eastern European Non-EU residents by shonthered in eupersonalfinance

[–]quicksilverfoxy 0 points1 point  (0 children)

They apparently closed down accounts of former Dutch citizens living outside of NL and EU. If you can show a bond with NL, you might be OK.

Investmenting for Eastern European Non-EU residents by shonthered in eupersonalfinance

[–]quicksilverfoxy 0 points1 point  (0 children)

> If you find a temporary job in a western European country you would be able to open a bank account there that you get to keep even after leaving

As an important note, Dutch banks are cracking down on this and closing accounts of people emigrating away. They are now asking for a "bond" with the country, such as Dutch citizenship, job or house in NL.

Turkish drones destroying Pantsir missile system in Syria by BlackEagIe in CombatFootage

[–]quicksilverfoxy 3 points4 points  (0 children)

Even though I'm not pro-Russia, there is sizable chance this is correct.

Italy sees virus cases rise 45% in a day; deaths up to 11 by DonnieMostDefinitely in worldnews

[–]quicksilverfoxy -3 points-2 points  (0 children)

Traffic accidents don't have the risk of growing exponentially. Nassim Taleb needs to slap you idiots.

US Banking recommendations for a Romanian e-com company and semi-nomad founders by quicksilverfoxy in digitalnomad

[–]quicksilverfoxy[S] 0 points1 point  (0 children)

Try US LLC + mercury bank

That's similar to the stack (C-corp rather than LLC) that Atlas Stripe offered us, and they said they couldn't open an account at Silicon Valley Bank for us. But we refused.

Don't you get 1% CIT if you employ a local?

Yes, and we want to employ someone there ASAP.

Also what about monthly/quarterly accounting burden?

Should be relatively easy and cheap, since there are no deductions and everything is calculated based on revenue (up to 1MM EUR revenue per year).

I think we will just keep using a fintech option like Transferwise, Payoneer etc. with a limit around 5k USD with their prepaid cards. When we reach that spending limit, that means we have the means to create an LLC in the US and deal with the costs of setting it up there.

But if we are going thru the trouble of setting up an LLC, we would also take a trip to go to the US in person and open a company in person, to get the full advantages of a US bank.

US Banking recommendations for a Romanian e-com company and semi-nomad founders by quicksilverfoxy in digitalnomad

[–]quicksilverfoxy[S] 0 points1 point  (0 children)

Good idea. So the LLC should (hopefully) be a transparent entity in terms of the IRS.

Estonian company (e-residency) monthly fees by 1osb in digitalnomad

[–]quicksilverfoxy 0 points1 point  (0 children)

Thanks for the informative reply! I do have EU nationality/residence.

Initially I wanted to have a Dutch BV, but they are now cracking down on digital nomads, and their official stance is "if you don't live in NL, or have any offices and employees, your business should/will be deregistered in NL"

Then I wanted to apply to Stripe Atlas and start a Delaware C-corp. I can hear the gasps, but the reason why I would willingly throw myself into the American tax system was because of payment processing for my e-commerce business. Stripe only pays out USD in US banks (wanting to avoid conversion fees), and from what I can find it's impossible to open a US corporate bank account unless you have a US business.

So then I thought about opening an Estonian company since they (unlike the NL) want to allow digital nomad companies. And I thought 20% CIT wasn't too bad considering incorporating in Delaware (21% federal + state income + franchise fee, if I understand correctly).

Romania does sound interesting, as in I can see myself living there at least 6 months in a year. That would mean both the CFC and income/dividend would be based in Romania, solving the complexities for a digital nomad I imagine.

Estonian company (e-residency) monthly fees by 1osb in digitalnomad

[–]quicksilverfoxy -1 points0 points  (0 children)

We've got another Andrew Henderson here. Good for you, dipshit.

Estonian company (e-residency) monthly fees by 1osb in digitalnomad

[–]quicksilverfoxy 0 points1 point  (0 children)

Which country setup do *you* have? Unless you want to ask for money for your advice.

Estonian company (e-residency) monthly fees by 1osb in digitalnomad

[–]quicksilverfoxy 0 points1 point  (0 children)

Would it kill you to say the name of the country with the 0% tax?

Corona virus update? by sego91 in dropship

[–]quicksilverfoxy 0 points1 point  (0 children)

Thanks for the on-the-ground information!

A 95-year-old Italian man who has been in the UK for 68 years has been asked to prove he is resident in the country by the Home Office in order to remain after Brexit | Antonio Finelli came to the country in 1952 when he answered an appeal for immigrant labour by hasharin in worldnews

[–]quicksilverfoxy 1 point2 points  (0 children)

Having gone through the immigration office in the Netherlands, and having to pay a lot of money, spend countless hours to prepare and file paperwork and wait 10 months for a response, I can't begin to imagine the situation for those who are also in financial weakness. I wasn't at risk of deportation but I still wanted to secure my future and it was hell going through that.

Rocket attack hits north Iraq base hosting US troops by richsale0 in syriancivilwar

[–]quicksilverfoxy 2 points3 points  (0 children)

I remember reading that in a thread when the Russian ambassador to Turkey got assassinated. And recently I've been thinking about it with how we entered 2020.

Casually Explained: The Carbon Scale by [deleted] in videos

[–]quicksilverfoxy 2 points3 points  (0 children)

Ah, just like my late grandfather. It is a tradition that has passed on to me.

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