go with this part of the forum after upgrade.
https://www.offshorecorptalk.com/forums/anonymity.51/
https://www.offshorecorptalk.com/forums/anonymity.51/
How to create the strongest anonymous offshore company?
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Been down this exact rabbit hole for︁ about two years now, digging through every dark corner of the Mentor Group, compiling notes,︂ cross checking providers, and testing setups in low stakes environments before deploying real capital. I︃ wasn’t looking for “good enough.” I was obsessed with airtight.
Here’s what I eventually︄ pulled off:
I built a layered structure starting with a foundation in Panama, not the︅ typical one, but an old, pre vetted one through a lesser known channel that doesn’t︆ show up in standard UBO registries. The foundation owns a Nevis LLC, which in turn︇ owns a second tier operational company (an IBC in the Eastern Caribbean). All contracts, domains,︈ and billing touch only the outer layer.
Directors? All nominees, but not the cheap ones︉ everyone uses. I went the extra mile and worked through a Swiss legal proxy to︊ front the foundation, and the rest flows from there. None of the companies are connected︋ to my residential jurisdiction. No overlapping IP logins. Comms strictly via layered VPN + air︌ gapped laptop for key documents. Payment routing done through crypto to fiat bridges with separate︍ KYC identities for each layer.
I never used my real name once. No Google logins,︎ no Meta accounts, no SMS verifications. All vendor relationships were built manually, via encrypted chats️ and separate digital identities.
Is it overkill? Maybe. But the entire stack has passed silent due diligence from at least one EU institution so far.
Total cost? About $18K spread over 10 months.
Moral of the story: anonymity is possible, but only if you treat it like a full time job and never slip. One careless login or reused name, and the whole thing collapses!
Here’s what I eventually︄ pulled off:
I built a layered structure starting with a foundation in Panama, not the︅ typical one, but an old, pre vetted one through a lesser known channel that doesn’t︆ show up in standard UBO registries. The foundation owns a Nevis LLC, which in turn︇ owns a second tier operational company (an IBC in the Eastern Caribbean). All contracts, domains,︈ and billing touch only the outer layer.
Directors? All nominees, but not the cheap ones︉ everyone uses. I went the extra mile and worked through a Swiss legal proxy to︊ front the foundation, and the rest flows from there. None of the companies are connected︋ to my residential jurisdiction. No overlapping IP logins. Comms strictly via layered VPN + air︌ gapped laptop for key documents. Payment routing done through crypto to fiat bridges with separate︍ KYC identities for each layer.
I never used my real name once. No Google logins,︎ no Meta accounts, no SMS verifications. All vendor relationships were built manually, via encrypted chats️ and separate digital identities.
Is it overkill? Maybe. But the entire stack has passed silent due diligence from at least one EU institution so far.
Total cost? About $18K spread over 10 months.
Moral of the story: anonymity is possible, but only if you treat it like a full time job and never slip. One careless login or reused name, and the whole thing collapses!
I don't think it’s overkill but it does feel like a lot of money unless you’re playing in the millionaire league which I know many here are. For me it’s a bit too much. But hey 18K isn’t the︀ end of the world if you’ve truly cracked the code and it keeps you hidden.︁
It really depends on the purpose and how you plan to use a setup like that. If you're just running a regular business and looking to reduce taxes, then spending that much might be a bit over the top.
But if you're trying to protect a larger amount of wealth or you're doing a one-time business transaction worth millions and need full anonymity, then it's actually a small price to pay.
But if you're trying to protect a larger amount of wealth or you're doing a one-time business transaction worth millions and need full anonymity, then it's actually a small price to pay.
Respect. I have to say, you've really done your homework and put together︋ a setup that's likely very difficult for any curious eyes to penetrate.
Myself have been︌ looking a lot inside the mentor group gold but wasn't able to figure it all︍ out like this.
Myself have been︌ looking a lot inside the mentor group gold but wasn't able to figure it all︍ out like this.
You’re absolutely right about that, and the company isn’t even around anymore.
It was shut down a few years back.
@sebastian You must’ve really done your homework and spent countless hours, maybe even days, researching the topic to be able to pull off a setup like the one you’re describing.
Props to you for that.
It was shut down a few years back.
@sebastian You must’ve really done your homework and spent countless hours, maybe even days, researching the topic to be able to pull off a setup like the one you’re describing.
Props to you for that.
Yeah, in my opinion, both Seychelles and Belize companies are pretty much useless these days.
The only people who can really make use of them are the locals, since you can’t get a bank account for them anyway, and even if you did, your transactions would get flagged by, say, EU banks the moment you start sending or receiving money from one of those jurisdictions.
The only people who can really make use of them are the locals, since you can’t get a bank account for them anyway, and even if you did, your transactions would get flagged by, say, EU banks the moment you start sending or receiving money from one of those jurisdictions.
I have a Belize bank account, and yes, they do ask questions, but if you have SOF they will be fine with it.
So it's not so black and white.
As far as getting a︀ bank account, it depends on how big your portfolio is. Say you have 10 million,︁ no issues in getting a bank account.
So you are partly right.
So it's not so black and white.
As far as getting a︀ bank account, it depends on how big your portfolio is. Say you have 10 million,︁ no issues in getting a bank account.
So you are partly right.
Thanks for your PM the other day︁ with that very thorough and detailed plan about some of your setups, it was both︂ inspiring and, I’ll admit, a bit time-consuming to go through and fully understand. You could︃ consider starting a thread in Mentor Group Gold and sharing something similar there so others︄ could benefit from it as well.
As for me, I’ve already got my hands full︅ trying to find nominees and good agents to help me with a BVI offshore company︆ setup and banking… phew, I’m going to be busy.
As for me, I’ve already got my hands full︅ trying to find nominees and good agents to help me with a BVI offshore company︆ setup and banking… phew, I’m going to be busy.
I used to chase shadows smi(&%
For years my playbook was the same: paper thin IBCs, nominee paperwork, and banks that changed their minds every quarter. I told myself it was “smart risk management.” In reality it was stress: compliance calls at midnight, transfers stuck for “enhanced due diligence,” and that steady worry that one twitchy compliance officer could freeze my week.
Last winter I snapped.
A wire from a perfectly legitimate client bounced twice because the intermediary bank didn’t like my jurisdiction. I slept on the office couch, sipping bad coffee and refreshing a block explorer like a slot machine. That was the moment I︀ decided to go the other way: clean, boring, and bankable.
I drew up a shortlist︁ of places where I could pay a normal rate and still keep margins: Estonia, Latvia,︂ Hong Kong, Georgia, and Switzerland. The rules were simple. Corporate tax around 20%. Personal tax︃ no higher than 30%. Nothing exotic, no footnotes.
Estonia rose to the top first. Corporate︄ tax is 20%, but only on distributed profits. Retained earnings aren’t taxed until you pay︅ them out, which suited my cash flow heavy business. Personal income tax is a flat︆ 20%. The compliance is modern, filings are digital, and banks understand invoices instead of interrogations.︇ I formed an OÜ, opened accounts with a mainstream Estonian bank and a reputable EMI,︈ and promised myself no more “creative” detours.
Latvia was my runner up. It mirrors Estonia’s︉ logic: 20% on distributed profits, while personal income tax lands in the low 20s for︊ most salaries. I liked that, too simple math, no spreadsheets full of carve outs. I︋ considered parking a small sales team in Riga just to diversify payroll and talent.
Hong Kong tempted me for its certainty. Corporate tax is 16.5% and personal tax caps at︌ 15%. Territorial taxation keeps the focus on where value is created, and the banking stack︍ is professional demanding, yes, but predictable. In the end I passed for now, mostly because︎ I wanted my core structure in the EU. Still, I made a note: a Hong️ Kong subsidiary when Asia becomes more than “nice to have.”
Georgia surprised me. On paper: 15% corporate tax on distributed profits and 20% personal income tax. Low admin, lean costs, and a growing tech scene. I flew to Tbilisi, met two accountants who spoke plain English and plain truth, and left with a plan to place our dev contractors there. No gymnastics just contracts, payroll, taxes paid, everyone sleeping at night.
Switzerland brought up the rear, not because it’s bad, but because it’s precise. In cantons like Zug, the combined corporate rate often sits in the mid teens to around 20%, and personal tax can︀ be kept below 30% with sensible salary/dividend planning. Banking is the gold standard. I opened︁ a Swiss account for the Estonian company as a treasury hub. The onboarding took time,︂ but nobody raised an eyebrow at clean books and clean trade flows.
Six months later︃ my life is…quiet. Invoices go out. Money comes in. I pay Estonia 20% when I︄ distribute profit and 20% personally on my salary. The rest stays in the company for︅ growth without being penalized. Our Georgian team is happy and fully on book. When a︆ client’s finance department asks for tax residency certificates or proof of substance, we send them︇ no drama, no evasive maneuvers.
Margins dipped a little. Stress plummeted a lot. I traded︈ the adrenaline of “getting away with it” for the confidence of “we do it right.”︉ My banker knows my name for the right reasons. My accountant smiles when I email,︊ which is new. And when a junior founder asks me for the secret, I tell︋ them this:
Pick a jurisdiction that likes builders and speaks in full sentences. Estonia if︌ you want EU, reinvestment, and straight rules. Latvia if you want a similar flavor. Hong︍ Kong if Asia is your playground. Georgia if you crave low friction and sane rates.︎ Switzerland if you want precision and global credibility. Pay what’s due. Sleep eight hours. Grow.️
I used to chase shadows. Now I chase customers. It’s a better sport 😎
For years my playbook was the same: paper thin IBCs, nominee paperwork, and banks that changed their minds every quarter. I told myself it was “smart risk management.” In reality it was stress: compliance calls at midnight, transfers stuck for “enhanced due diligence,” and that steady worry that one twitchy compliance officer could freeze my week.
Last winter I snapped.
A wire from a perfectly legitimate client bounced twice because the intermediary bank didn’t like my jurisdiction. I slept on the office couch, sipping bad coffee and refreshing a block explorer like a slot machine. That was the moment I︀ decided to go the other way: clean, boring, and bankable.
I drew up a shortlist︁ of places where I could pay a normal rate and still keep margins: Estonia, Latvia,︂ Hong Kong, Georgia, and Switzerland. The rules were simple. Corporate tax around 20%. Personal tax︃ no higher than 30%. Nothing exotic, no footnotes.
Estonia rose to the top first. Corporate︄ tax is 20%, but only on distributed profits. Retained earnings aren’t taxed until you pay︅ them out, which suited my cash flow heavy business. Personal income tax is a flat︆ 20%. The compliance is modern, filings are digital, and banks understand invoices instead of interrogations.︇ I formed an OÜ, opened accounts with a mainstream Estonian bank and a reputable EMI,︈ and promised myself no more “creative” detours.
Latvia was my runner up. It mirrors Estonia’s︉ logic: 20% on distributed profits, while personal income tax lands in the low 20s for︊ most salaries. I liked that, too simple math, no spreadsheets full of carve outs. I︋ considered parking a small sales team in Riga just to diversify payroll and talent.
Hong Kong tempted me for its certainty. Corporate tax is 16.5% and personal tax caps at︌ 15%. Territorial taxation keeps the focus on where value is created, and the banking stack︍ is professional demanding, yes, but predictable. In the end I passed for now, mostly because︎ I wanted my core structure in the EU. Still, I made a note: a Hong️ Kong subsidiary when Asia becomes more than “nice to have.”
Georgia surprised me. On paper: 15% corporate tax on distributed profits and 20% personal income tax. Low admin, lean costs, and a growing tech scene. I flew to Tbilisi, met two accountants who spoke plain English and plain truth, and left with a plan to place our dev contractors there. No gymnastics just contracts, payroll, taxes paid, everyone sleeping at night.
Switzerland brought up the rear, not because it’s bad, but because it’s precise. In cantons like Zug, the combined corporate rate often sits in the mid teens to around 20%, and personal tax can︀ be kept below 30% with sensible salary/dividend planning. Banking is the gold standard. I opened︁ a Swiss account for the Estonian company as a treasury hub. The onboarding took time,︂ but nobody raised an eyebrow at clean books and clean trade flows.
Six months later︃ my life is…quiet. Invoices go out. Money comes in. I pay Estonia 20% when I︄ distribute profit and 20% personally on my salary. The rest stays in the company for︅ growth without being penalized. Our Georgian team is happy and fully on book. When a︆ client’s finance department asks for tax residency certificates or proof of substance, we send them︇ no drama, no evasive maneuvers.
Margins dipped a little. Stress plummeted a lot. I traded︈ the adrenaline of “getting away with it” for the confidence of “we do it right.”︉ My banker knows my name for the right reasons. My accountant smiles when I email,︊ which is new. And when a junior founder asks me for the secret, I tell︋ them this:
Pick a jurisdiction that likes builders and speaks in full sentences. Estonia if︌ you want EU, reinvestment, and straight rules. Latvia if you want a similar flavor. Hong︍ Kong if Asia is your playground. Georgia if you crave low friction and sane rates.︎ Switzerland if you want precision and global credibility. Pay what’s due. Sleep eight hours. Grow.️
I used to chase shadows. Now I chase customers. It’s a better sport 😎
Really appreciate you sharing this, it’s rare to see someone lay out the full journey so honestly, from the stress of “shadow” setups to the peace of running something clean and sustainable.
The way you’ve broken down each jurisdiction is both practical and inspiring. I’m seriously considering taking a similar route for part of my future structure, and your experience makes it clear how much stability and credibility it can bring.
Thanks for showing that boring can actually be the smartest play in the long run.
The way you’ve broken down each jurisdiction is both practical and inspiring. I’m seriously considering taking a similar route for part of my future structure, and your experience makes it clear how much stability and credibility it can bring.
Thanks for showing that boring can actually be the smartest play in the long run.
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