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Open bankaccount in foreign country

how, when, where?

         

moremoneytome

7:44 am on Apr 11, 2004 (gmt 0)

10+ Year Member



Hi!

I live in sweden and receives lots of cheques from USA (mostly from amazon and google).

Today I go to the bank with the cheques to transfer the money to my bankaccount. I pay no taxes since I don't report the money to Skatteverket (swedish tax authority).

However, I earn more money all the time. And soon I think the bank will report my income to Skatteverket. But I'm not sure because I don't know their rules.

What do you think I should do?

Can/should I open a bankaccount in another country without having to pay swedish taxes? Should I register a company (abroad)? Why?

I'm looking for a bank that can accept the cheques from Amazon and Google automatically (without me having to sign them). Put the money into an account whith Internetbanking and access the money thru a VISA/Mastercard. Preferrably the cheque-fees should be low. The bank should not report anything to anyone. They should just hold my money.

Does anyone have a suggestion for me?

vkaryl

11:16 pm on Apr 11, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Um. Consult a corporations attorney in your city....