Topic: Which countries have banking friendly to companies that get paid in bitcoin? - page 2. (Read 270 times)
November 18, 2019, 02:09:50 PM
I will suggest that to hire a lawyer towards this matter because they know more than us when it comes to government jurisdictions and the law should be followed before having your own business. Collaborating in some banks in your country and asking regarding this matter is the best steps towards your planning project. You can use any payment processors that accept Bitcoin and directly transfer to your bank account.
November 18, 2019, 02:02:38 PM
I want to establish a company to sell software to help in bitcoin trading.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
You need to focus on banks and not on countries. Some banks are friendly then others. There are little countries where country itself pressures banks to not serve people/companies dealing with crypto.
November 18, 2019, 12:42:22 PM
Maybe it's a bad choice but what do you mean by a company. Is it a small investment activity or a huge project?
If you have a limited number of customers you can try Bitpay or Coingate.
For medium companies, you need to review the banking restrictions and build a payment system taking into account several things before you start. "You can't build a business just because the state imposes little BTC taxses or is friendly to cryptocurrencies."
If you have a limited number of customers you can try Bitpay or Coingate.
For medium companies, you need to review the banking restrictions and build a payment system taking into account several things before you start. "You can't build a business just because the state imposes little BTC taxses or is friendly to cryptocurrencies."
November 18, 2019, 11:50:36 AM
I would suggest sending a customer support ticket to one of your local Bitcoin exchanges, asking which Banks they use and then opening a Bank
account at these Banks, because these exchanges are doing large Bank transfers and deposits and withdrawals at these Banks and they are still in
operation. I did this with my local exchange and opened a new account at 3 new Banks and I had no problems with any of them. You are going to
have to deal with transactions that would be "red flagged" so you will have to use Crypto friendly Banks.
account at these Banks, because these exchanges are doing large Bank transfers and deposits and withdrawals at these Banks and they are still in
operation. I did this with my local exchange and opened a new account at 3 new Banks and I had no problems with any of them. You are going to
have to deal with transactions that would be "red flagged" so you will have to use Crypto friendly Banks.
Right now I was using only two banks like my main bank where my main salary goes to, and it would also be the options for my crypto converted money. On the other part of that, my secondary bank was only set to be dedicated for my local exchange cash out, and that's autoconvert in my country's bank that has complete affiliations with regards to making secure deposits.
Everthing was transparent between me and the exchange I am using in order to avoid serious scrutiny, if there's possible circumstances to arise. KYC should be passed to become confident with our personal transactions.
November 18, 2019, 11:10:38 AM
I would suggest sending a customer support ticket to one of your local Bitcoin exchanges, asking which Banks they use and then opening a Bank
account at these Banks, because these exchanges are doing large Bank transfers and deposits and withdrawals at these Banks and they are still in
operation. I did this with my local exchange and opened a new account at 3 new Banks and I had no problems with any of them. You are going to
have to deal with transactions that would be "red flagged" so you will have to use Crypto friendly Banks.
account at these Banks, because these exchanges are doing large Bank transfers and deposits and withdrawals at these Banks and they are still in
operation. I did this with my local exchange and opened a new account at 3 new Banks and I had no problems with any of them. You are going to
have to deal with transactions that would be "red flagged" so you will have to use Crypto friendly Banks.
November 18, 2019, 10:58:50 AM
I want to establish a company to sell software to help in bitcoin trading.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
You are better off making a visit in person to your local bank manager to ask for help with it - most banks will make an exception for you if they know you and you have a track record with them.
As for taxes - they're nothing to do with where you bank and everything to do with where your customers reside. They will pay tax in the place they reside according to the rules of that jurisdiction.
November 18, 2019, 10:56:01 AM
There are countries that are very friendly towards cryptocurrency, so if you go in that direction, you are narrowing your choices to some 10+ countries. Based on an article I found, there is a country that has a 0% tax on all crypto-related business until 2023 (Belarus), or maybe something EU based (Malta), or exotic (Bermuda). I suggest you read the article, but not take that information for granted, further research and verification are necessary.
Bitcoin Friendly Countries
Crypto friendly bank rankings
Bitcoin Friendly Countries
Crypto friendly bank rankings
November 17, 2019, 01:31:02 PM
I want to establish a company to sell software to help in bitcoin trading.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
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