Hello!
I would need some advice regarding a setup for an IBC Forex trading to escape US regulations.
I am permanent resident in the United States, but I hold an Austrian Passport and also have a legit residence there (Utility bills etc. available as I know this is needed often).
Currently I am trading through my personal Austrian bank account which is also linked with my US bank account, as there is a tax treaty that requires consent to report to the US.
This whole situations creates a overly complicated tax situation and also maximum tax in AT is 55%. Which is ridiculous... let's be honest.
I did some research and basically found out that I need to set up an IBC offshore with a bank account offshore to escape the regulations.
I also found out that most/some brokers will not accept an offshore company with an owner/director linked to the US in any way.
I would need some advice of how I have to structure this if I
- Do not want to show up either at all or not as US resident to the outside. (Open it as AT resident?)
- Only planning on trading my own funds (I read that this is especially important when it comes to licenses for trading)
I was thinking about an IBC in the Seychelles as there are no requirements for a license but i'm not sure where to open the bank account and if it's that easy to open one with a Seychelles IBC.
As I have obviously no experience in the offshore field yet, I would appreciate any help and suggestions and what I have to look out for.
I would need some advice regarding a setup for an IBC Forex trading to escape US regulations.
I am permanent resident in the United States, but I hold an Austrian Passport and also have a legit residence there (Utility bills etc. available as I know this is needed often).
Currently I am trading through my personal Austrian bank account which is also linked with my US bank account, as there is a tax treaty that requires consent to report to the US.
This whole situations creates a overly complicated tax situation and also maximum tax in AT is 55%. Which is ridiculous... let's be honest.
I did some research and basically found out that I need to set up an IBC offshore with a bank account offshore to escape the regulations.
I also found out that most/some brokers will not accept an offshore company with an owner/director linked to the US in any way.
I would need some advice of how I have to structure this if I
- Do not want to show up either at all or not as US resident to the outside. (Open it as AT resident?)
- Only planning on trading my own funds (I read that this is especially important when it comes to licenses for trading)
I was thinking about an IBC in the Seychelles as there are no requirements for a license but i'm not sure where to open the bank account and if it's that easy to open one with a Seychelles IBC.
As I have obviously no experience in the offshore field yet, I would appreciate any help and suggestions and what I have to look out for.
