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How to open up a business bank account in New Zealand from overseas?


in New Zealand by @panoramica | 5yr  | 2 comments

For some reason I thought this would be straightforward. I am travelling and working freelance for NZ companies. I have existing accounts with ANZ bank in NZ and wanted to add a business account and attached Visa card to the stable so that I could keep my business related income and expenses separate for accounting purposes.

The bank is saying that I need to be present at a branch in NZ in order to activate the account. Obviously Iโ€™m not going to blow thousands of dollars to fly home so I can do a 2 minute face to face in a branch.

Has anyone else had any experience with doing this?

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@nomadtax | 5yr

Pretty much every reputable bank has this requirement. Some international banks are more lenient and allow the face to face meeting to take place in other countries if they have local branches. Citi and HSBC are good examples of that. Donโ€™t know if any of those two banks are present in NZ though.

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@panoramica | 5yr

@nomadtax Damn those banks and their reputations! :wink: I ended up settling for a non-business account with a debit card. Itโ€™ll do for now. Cheers!

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Read and participate in 13,983 discussions on Nomad List

Suggested topics

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What are the best blogs by individuals who have started businesses in Southeast Asia?


in Thailand by @haiducii | 2mo 1 month ago | 0 comments

Hey everyone,

Looking for blogs by individuals who document their progress/business in South East Asia - ideally Vietnam, Cambodia or Laos - but also Thailand/Myanmar too.

Thank you,

Haiducci

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Anyone know an accountant for Canadian nomads/expats?


by @noam_lightstone | 7mo 7 months ago | 16 comments

Hey guys, this was my first year as a Canadian nomad.

As far as I know of, Canadians donโ€™t pay taxes if they do not live in the country for 6 months.

But Iโ€™d like to talk to an accountant or someone who does Canadian taxes specifically for expats and nomads to get clear on the rules and for help on my return coming up.

Does anyone know someone who specializes in Canada who can help? Iโ€™ve seen plenty of US recommendations but none for us canucks.

Thanks guys!

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What's the best bank account for a global nomad?

 

by @barrybjjoubert | 1yr 1 year ago | 25 comments

Dear all
As a wanna be nomad figuring out a way to get free of the rat race, I was wondering what is the best bank account to have while travelling the globe? I need an account where is easy for me to receive payments from all over the world and it also need to be a bank that I can find almost anywhere in the world. I want to avoid carry cash on me if itโ€™s possible.

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Recommendations for UK/Scotland accountants that understand remote businesses?


by @eduardoyi | 1yr 1 year ago | 1 comment

Looking for recommendations for reliable accountants who understand how remote businesses with off-shore freelancers and clients work. Thanks!

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What's the best place to incorporate an online business?

 

by @octave | 1yr 1 year ago | 63 comments

I have an commerce website. We get around 1000 orders per month and this is going to get quite a bit bigger in next few years.

I am British. I live in Thailand.
Im not allowed to majority own a Thai business and small foreign entrepreneurs are not really welcome. So i need an offshore company.

I need PayPal and an ecommerce internet merchant account. Also looking at alternatives like worldpay. 2checkout etc

Does PayPal need me to be a resident to the country i register my account to? Are there complications being a non resident to get other payment solutions?

Apparently in Hong Kong you need 2 years trading history to get an Internet Mechant Account and they generally turn their noses up at those with less than $1m(us) a year turn over. Singapore seems a bit easier.

I really want to avoid paperwork and book keeping. I hate it.

So i was looking at Seychelles, Panama, BVI, Belize.

Does anyone have experience with payment providers in these countries?

Most nomads i see donโ€™t really have a high volume of small monthly transactions which i do. Im going around in circles and donโ€™t know where to start.

Ill also need a bank account for business and a personal bank account to pay my salary into

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What's the best mobile-data option in New Zealand for nomads?


in New Zealand by @goldsaj | 2yr 1 year ago | 2 comments

Hi All! Iโ€™ve heard Spark and Vodafone are the best. I plan to move around, so I care mostly about having good coverage, and all Iโ€™ll need is around 1 GB of data or so.

Any suggestions?

Thanks!

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Foreigner owned Coworking business in Malaysia


in Malaysia by @newyam | 2yr 1 year ago | 0 comments

Heyo folks! The idea to open up an own coworking space in Malaysia has been on my mind for quite a while and I would like to reach out on foreigners being a business owner/co working space owner in Malaysia, there are a lot of questions that would follow up but most importantly is to reach out to someone with experience.

Ideally would be someone who runs a coworking space in Malaysia, second best would be to just come in touch with a foreign business owner in Malaysia.
Cheers
Yamin

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Is there a US bank for easily creating new business checking accounts remotely?

 

by @tylertringas | 2yr 1 year ago | 23 comments

Every accountant is going to tell you that you really should be keeping separate accounts for all your businesses and even projects that may one day become businesses. But in my experience setting up a new account associated with an actual business entity is a pretty annoying process involving an in-person visit to a bank branch, proof of residence in that branchโ€™s region, etc. Has anybody seen a bank that letโ€™s you easily create a simple business checking account online and more importantly that would let you add additional accounts and transfer funds between them?

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Iโ€™m a U.S. accountant who works with Americans who live abroad, ask me anything!

 

by @olwagner | 2yr 2 years ago | 100 comments

Hi everyone,

If you have a U.S. tax question or would like some U.S. tax insight on your business/structure, ask away!

I have been preparing tax returns for US citizens abroad since 2012. I can answer any question in US tax with an international flavor. I operate 1040abroad.com and I have maintained a blog at taxsamurai.com

I look forward to answering all your questions. And if you are in Ho Chi Minh City in December, letโ€™s meet !!!

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How do you manage your location independent business as a Nomad Entrepreneur?


by @vzablocky | 2yr 2 years ago | 3 comments

Iโ€™d like to invite nomad entrepreneurs in this topic to discuss what are the challenges you face in filing taxes, insurance and banking complications, while travelling and running your business remotely.

Please share your thoughts! I would be happy to help!

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Where is the best place to open a bank account in Europe?


by @julien | 2yr 2 years ago | 7 comments

Hello the community,

I am thinking about opening a business bank account in another country outside of France.
I live in Paris and I work as a freelancer. The taxes on my salary are very expensive (around 85%). I would like to know if there are better options for bank accounts within Europe.

Thank you in advance for your help.

Regards,

J

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USD bank account


by @piovella | 3yr 2 years ago | 9 comments

Hey guys,

Iโ€™m in the beginning of my nomadic life. I currently have a UK account in GBP currency but most my clients pay me in USD either via Upwork or Transferwise. I was wondering if you know if there is a better way to deal with the fees?
I was looking at opening a USD account but the fees are ridiculous (I looked at HSBC).
Not sure if this is useful information but at the moment Iโ€™m still working as an independent freelancer. I havenโ€™t set up a company yet as am looking for the best option for that.

Thanks

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Are there cards similar to the APEC Business Travel Card that Europeans are eligible for?


by @dpt | 3yr 2 years ago | 3 comments

I heard from an American friend that he has several cards similar to the APEC Business Travel Card (link to Wikipedia ) that allow him to get priority treatment at immigration line in certain countries.
I was very intrigued and quickly checked up on the card, but it seems to be only available to citizens of APEC-member nations.

I was wondering if anyone here uses such cards, what your experiences with them are (specifically, Iโ€™m interested in cards available for Europeans/Germans).

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How do I open a business account in Hong Kong? Proof of business?


in Hong Kong by @omar | 3yr 2 years ago | 6 comments

Hello guys, I was wondering if anyone had any experience in opening a business bank account in Hong Kong. Iโ€™m getting all the paperwork ready to incorporate in Seychelles and open the bank account but the agency that is helping me says Hong Kong bankers are getting more picky. They are asking me for business โ€˜proofโ€™ since iโ€™ve always ran my sites as an individual I wonder if just proof of payment from ad networks is enough. If you have any advice it would be much welcomed.

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How do you avoid getting charged large fees by your bank when withdrawing overseas?


by @creative_nomad_ | 3yr 3 years ago | 14 comments

Hi All,

My question is about banking when it comes to being overseas/working etc. How do you avoid getting charged large fees by your bank when withdrawing overseas?

Iโ€™m originally from Australia and do my banking still in Australia. I live in the UK and most recently was living in Vietnam where I found I had to withdrawl money just to get charged very large amounts from my Aussie bank.

How do you get around this? What can you recommend.

Thanks

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European bank account for non resident


by @theunisk | 3yr 3 years ago | 5 comments

I hold South African/Portuguese dual citizenship, however I was born and (officially) reside in South Africa. Any recommendations for a nomad friendly european bank account ? Ie, one that does not require residency, proof of address, or have easy ways to get around these.
I will not be using it much for day to day expenses, more as a way to hold euros and be able to transfer between accounts. My US bank account has very high fees.
I am in europe for the next week or two (currently Italy) and hope to be able to get one before I leave.

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Registering a Business in Netherlands for non European


in Netherlands by @deskaway | 3yr 3 years ago | 0 comments

Hi fellow nomads !
Looking for tax representative offices, logistic solutions and Company incorporation in Netherlands. ?

I will be in Amsterdam coworking and checking these companies out? Honestly I do not want to end up with a hidden fees companyโ€ฆ

Cheers from Berlin,

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Best coworking in Auckland - New Zealand


in Auckland, New Zealand by @alexis | 3yr 3 years ago | 1 comment

Hey there nomads !

Weโ€™ll be in Auckland from january the 11th till the 14th and we wonder where are the best place nomads go to work (and have a beer).

Thanks !

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Does anyone know an accounting & remote company admin in Bulgaria?


in Bulgaria by @akisl | 4yr 3 years ago | 9 comments

Hey,

Iโ€™m looking for a remote accounting and company admin office in Bulgaria for handling a limited company fully remotely with 1-2 invoices per month max.

If you happen to know any, let me know.

Thank you!

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Is Singapore a good nomad and business base?


in Singapore by @msurocks99 | 4yr 3 years ago | 11 comments

I am thinking to change my base to Singapore .

I have some queries regarding it,

Hacks of Price of Living : I donโ€™t want to live in hostels where 4/8 persons live in a room, want to live in a room may be in a shared apartment, gym and other facilities would be nice, I am getting in 800 to 1000 SGDโ€™s pretty good Condo rooms, can I turn it down to 500-600 ?

Food : I stayed there for a month recently, so pretty much know the food hacks now, if I am eating at home its cheap and hawkers places are also cheaper.

Howโ€™s it for business Base ?

I run a Software Development Company mostly into building MVPโ€™s for Startups and running extension teams for SMEโ€™s. So I think it will be pretty good for me based in Singapore for finding new opportunities and Client Communications.

What do you think about it and any suggestions would be great.

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