There is an Individual Entrepreneur in Russia, who is primarily working with clients in US and UE, who is considering opening accounts in USD & EUR in revolut.
Would appreciate answer to the questions below
- is it possible/viable?
- does revolut perform currency control (валютный контроль) - an attempt of Russian Government to control the inflow of foreign currency?
- given that taxes needed to be paid in RUB, what is the workaround given that AFAIA there is no way to open a RUB account in revolut? I guess a quick answer would be to pay from EUR/USD account, but I am not sure how it will work given that with currency conversion it will be difficult to pay the exact amount needed by the taxman
thanks in advance for your answers