Is it possible to open an account in Turkey/Armenia and withdraw money from Upwork to it?

A

Anna05102022-03-09 00:53:49

Freelance

Anna0510, 2022-03-09 00:53:49

To be honest, I'm afraid of further sanctions and the complete disconnection of Russian banks from the Swift system. Is it possible to open an account in another country (Armenia or Turkey) and withdraw money there? And what about taxes in this case?

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2 answer(s)

E

entermix, 2022-03-09
@entermix

To be honest, I'm afraid of further sanctions and the complete disconnection of Russian banks from the Swift system.

Isn't it enough that you won't be able to work on Upwork from May 1st?

Russian President Vladimir Putin's war against Ukraine has challenged our mission, values, and our operational ability to bring economic empowerment to those who seek it. Upwork will be suspending operations in Russia and Belarus, starting today and taking full effect by May 1, 2022.

https://www.upwork.com/blog/a-letter-from-our-ceo-...

Is it possible to open an account in Turkey/Armenia and withdraw money from Upwork to it?

Not

A

Anton Tarasov, 2022-03-09
@an-tar

Is it possible to open an account in another country (Armenia or Turkey)

Yes.

and withdraw money there?

Yes.

And what about taxes in this case?

Check out. I won’t say about Turkey, but in Armenia it’s not difficult - to open accounts, register an individual entrepreneur, pay deductions.
But it is important to add that, taking into account the blocking of Upwork in the Russian Federation from May 1, it would also be necessary to physically reside in these countries. Then everything will be ok.