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Siavosh Zarrasvand
@siavoshzarrasvand
California, Oregon or Washington? Or Vancouver/western Canada?
Currently Bali. Not GMT-8 ;)
Nice! Are you with them?
Not moving, just reregistering the business there...
Would still be tax resident in the UK.
Yeah I have no idea about UK tax law, consult a CPA - but typically you will be taxed in the place that you live (unless you are a US citizen, then they tax you globally no matter where you are), not where your business is registered, so may not be worth it unless you're willing to move to SG
I'd love to use Mercury but my business is registered in the UK.
Should I maybe register it in Singapore?
Definitely don't ask me for legal advice haha. That said, I'd probably only consider moving to Singapore if you're doing a certain level of revenue, otherwise it's probably not worth the hassle to save X% in tax
Not moving, just reregistering the business there...
Would still be tax resident in the UK.
Yeah I have no idea about UK tax law, consult a CPA - but typically you will be taxed in the place that you live (unless you are a US citizen, then they tax you globally no matter where you are), not where your business is registered, so may not be worth it unless you're willing to move to SG
They don't seem to be regulated, so no money back guarantee from the government.
Nice! Are you with them?
My business, UK based business but as the director of the company, I'd like to keep an open mind towards remaining in the UK and moving abroad...so good if they allow UK business accounts even if you live abroad.
I'm definitely not an expert, but I've worked with a handful of UK clients over the last decade. When I got TransferWise (now Wise), getting paid by international clients was way simpler (and cheaper), so that might be something to keep in mind if you're doing business with non-UK residents.
Revolut has made it really easy for me to transfer money into a UK-based bank account so I can access it when I travel. Definitely look it up to make sure it meets your criteria, though.
This might make it unsuitable:
"Unlike traditional banks, Revolut's deposit protection is limited. Although savings in a Revolut account are protected up to a specific amount, they are not covered by government-backed deposit insurance programmes. This may be of concern to those looking for increased deposit security."
I know the GPU benefits. I'm exploring options :)
if its your main purpose I would not get one (but as a general good development mac it's really good)
@klaaz0r We cross-posted, explained my main purpose in the second comment. Thoughts on that?