Converting UK cash to offshore real estate

[Macr2]

Have a raffle business and loan business in the UK which is cash intensive and grey area.
Which are the best solutions for depositing the money in the bank while keeping tax to a minimum?
Have hawala service also but that's last resort as fees are quite high.
Need more help on the receiving side and holding and keeping the real estate anonymous.
Real estate will be in Thailand.
Thanks in advance.

 

[neweraoffshore]

Do you want to deposit "physical cash"?
If not, then you could get a US setup with FinCen and escrow registration to hand out loans or even pay the real estate with the US setup as escrow for your (dark) Seychelles, Nevis etc. company, so ownership has your other offshore company which doesn't have a bank account and is just an entity on paper, just to make sure the agent (if you use one) can't take over your asset. (Bank accounts are very secure, however assets not)
However I am not 100% sure if this works with FinCen, most of my clients for example just get a loan for themselves so they can buy the assets in their own name and receive the loan on their own bank account and pay it back with market common interest (which is then back on their offshore account anyway). However as you want to stay anonymous and your seychelles, nevis etc. company wouldn't have a bank account, there is no traceable payback. Maybe this is a problem regarding FinCen and escrow. I need to check this. But actually I think this should be possible, by just registering your loan as defaulted and cease lawsuits because of limited success rate. Or maybe just saying that the amount was received in cryptos.

Will check on this topic as I am also interested if this would work or cause problems.

Maybe the same thing the US company would do is also possible via a Georgian company. Depends on how you want it to look like if some taxguy audits your UK ltd.
Some forum members love georgia, however I am still a little bit cautious as they are quite new on the market and I fear that something like in cyprus will happen there but there won't be an EU bail out then.... .

 

[Macr2]

neweraoffshore said:
Do you want to deposit "physical cash"?
If not, then you could get a US setup with FinCen and escrow registration to hand out loans or even pay the real estate with the US setup as escrow for your (dark) Seychelles, Nevis etc. company, so ownership has your other offshore company which doesn't have a bank account and is just an entity on paper, just to make sure the agent (if you use one) can't take over your asset. (Bank accounts are very secure, however assets not)
However I am not 100% sure if this works with FinCen, most of my clients for example just get a loan for themselves so they can buy the assets in their own name and receive the loan on their own bank account and pay it back with market common interest (which is then back on their offshore account anyway). However as you want to stay anonymous and your seychelles, nevis etc. company wouldn't have a bank account, there is no traceable payback. Maybe this is a problem regarding FinCen and escrow. I need to check this. But actually I think this should be possible, by just registering your loan as defaulted and cease lawsuits because of limited success rate. Or maybe just saying that the amount was received in cryptos.

Will check on this topic as I am also interested if this would work or cause problems.

Maybe the same thing the US company would do is also possible via a Georgian company. Depends on how you want it to look like if some taxguy audits your UK ltd.
Some forum members love georgia, however I am still a little bit cautious as they are quite new on the market and I fear that something like in cyprus will happen there but there won't be an EU bail out then.... .
Click to expand...

Thanks for the reply. Corporation tax in the UK is 20% and dividends for higher earners is 32.5%. Because of these outgoings and the fact that my business is mainly cash I have just been saving money in cash form.
I put a minimal amount in my LLC and take out dividends and stay below the higher rates.
But now I've got myself into a problem. Not really a bad problem though. But a problem that I need to solve.

So basically I can use a hawaja to send money offshore into any account or pick up in cash.

My ultimate goal is to have a buy to let holiday home. Offshore earning income. Fully anonymous. Instead of having lots of cash doing nothing.