SquishyBurrito
SquishyBurrito

Joined startup as a contractor. Need help understanding Withdrawals & Taxations

Context: I am a professional based out of India and doing some contractual work for a company based out of SF. Now, they're paying me money via Deel in usd and I need to collect it here in India.

Queries:

  1. What is the most cost effective way of withdrawing money from Deel?

  2. What is an FICR and do I need it if the txn is under $3,000?

Would really appreciate the help. Cheers :)

7mo ago
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PeppyMarshmallow
PeppyMarshmallow

Use Skydo. You get FIRA with every transaction. They charge a flat fee of $19 for txns <$2000 and $29 otherwise. It's been great for me.

You can also get the first two of your Skydo fee waived off using a referral. Here's mine - https://join.skydo.com/roopesh

Let me know if you have any questions.

QuirkyMochi
QuirkyMochi

Hey did you figure it out the best option?

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