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 Forex Version 19, Foreign Exchange Market Discussion

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teraone-sam
post Oct 19 2017, 10:53 PM

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QUOTE(duplicated @ Oct 19 2017, 09:04 PM)
Park them in overseas account. If your profit is more than a 100k monthly you can set up a shady company here and overseas (where your money is parked) and export goods to overseas. It could also be in the form of services/consultancy too. Charge the other party (overseas) kaw kaw (mark up the price). Then you can bring back a lot of money.

Then you can move on to tax avoidance (not evasion please).

Then later you can use this 'illegal' money to invest in legitimate businesses or park in bursa or unit trust.
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Does this offshore method necessary to have goods export? Can't it be simply just an invoice that charge from consultation fees? I heard offshore bank account needs someone as guarantor or referree upon offshore bank account opening, is it true?
teraone-sam
post Nov 2 2017, 12:33 PM

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QUOTE(Okabe @ Oct 24 2017, 10:00 PM)
Yep, I have thought this way too...

But here follows another doubt, when you make withdrawal, most brokers only refund back to your origin deposit source, if I depo with CC over 3k, which exceed my CC limit, then when I withdraw the same depo amount is it still go back to my CC or can by other payment solution?
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Amount withdrawal when exceeded 100-125% of the amount deposit via credit card, you can choose to TT, but TT will also have some charges from bank, I've experienced 10-20USD per transaction regardless the withdrawal amount.

Another way is withdrawal via neteller etc, then sell off the neteller credit which will usually gets a better rate or closer to our expectation.

Happy trading =)
teraone-sam
post Nov 2 2017, 12:51 PM

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QUOTE(duplicated @ Oct 28 2017, 01:14 PM)
Thanks. However, the fee is high though.
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Indeed. TT usually around RM27-35 for few thousands USD only. But it may take 1-2 working days for processing. This is the cons.

Pros is earlier declaration of your money is sending out overseas for investment, hence the effect of being query will be very minimal by keeping trading statements, deposit request documentation and etc.

I even heard online TT costs even cheaper, like RM10 or so. But I'm more traditional type, so I stick to walk-in to the branch.


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