How to fix and hide ?

[hevocon]

Hello, i am a newbie here.

I have an account in my name in a non crs country where I have received a lot of transfers last years. The money are 100% clean, however no tax has been paid. If my country somehow discover these money i will be in a big trouble. Are there any ways to hide these money?

Also i have an offshore company without nominees with the same problem. But as i understand i can simply appoint a nominee, buy a property and close the bank account. Right? I don't want to buy a property but i don't see better options.

 

[Martin Everson]

Remove the money from the banking system totally and close the account. Pick a liquid asset you feel comfortable with and park it there i.e gold in an offshore vault outside EU.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Spinat]

Martin Everson said:
park it there i.e gold in an offshore vault outside EU.
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That's exactly what I would suggest todo. You can even buy Gold total anonymous so if you don't mind to have Gold somewhere stashed at a safe place you could also do that.

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[hevocon]

Martin Everson said:
Remove the money from the banking system totally and close the account. Pick a liquid asset you feel comfortable with and park it there i.e gold in an offshore vault outside EU.
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i can't just cash out such a big amount of money and even if I could i can't imagine how to move these money to other countries in cash. is it impossible to buy something liquid without tax forms to be requested and source checked?

blueweb said:
That's exactly what I would suggest todo. You can even buy Gold total anonymous so if you don't mind to have Gold somewhere stashed at a safe place you could also do that.
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how to find such a safe place?

 

[Spinat]

Are you willing to move to another country to accomplish this and how much money are we looking at?

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[Martin Everson]

hevocon said:
i can't just cash out such a big amount of money
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What is big amount to you btw?

hevocon said:
is it impossible to buy something liquid without tax forms to be requested and source checked?
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Depends where and what you are buying. If you are not willing to have source of funds checked or provide proof you are limited for large purchases in developed countries. Plus any proof you do provide will leave a paper trail for the future.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[hevocon]

Martin Everson said:
If you are not willing to have source of funds checked
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i can provide a source of funds but i can't provide a tax form

Martin Everson said:
What is big amount to you btw?
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it's an amount i can live and never work in my life anymore

Martin Everson said:
you are limited for large purchases in developed countries
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how large purchases can i make without questions asked?

 

[JohnLocke]

As someone here already asked you, are you willing to relocate to another country i.e. Panama, Malta, UK, Switzerland ? If so it may be the most valid choice.

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[hevocon]

Admin said:
As someone here already asked you, are you willing to relocate to another country i.e. Panama, Malta, UK, Switzerland ? If so it may be the most valid choice.
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if there is no other choice i will relocate, but i am worried that new country will ask for these money. i don't think i can just relocate to switzerland and bring money there without questions asked. i don't want to keep the money in overseas account for the future

 

[Martin Everson]

hevocon said:
if there is no other choice i will relocate, but i am worried that new country will ask for these money.
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When you arrive in new country the money you already earned is considered capital by most new countries. It is of no interest by taxman. I have move around 8 times in Europe before I left europe and never once had issues with any new country other than UK and that is with 8 figure sum.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Osleak]

blueweb said:
That's exactly what I would suggest todo. You can even buy Gold total anonymous so if you don't mind to have Gold somewhere stashed at a safe place you could also do that.
Click to expand...

How can i do to buy gold anonymously?

 

[Osleak]

Martin Everson said:
Remove the money from the banking system totally and close the account. Pick a liquid asset you feel comfortable with and park it there i.e gold in an offshore vault outside EU.
Click to expand...

Swiss could be an option or better other countries?

 

[Martin Everson]

Osleak said:
Swiss could be an option or better other countries?
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Singapore Gold Storage or Cayman gold storage are possibilities.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Osleak]

Good! you know good gold trader/storage in Dubai since i'm moving There?

 

[Martin Everson]

Osleak said:
Good! you know good gold trader/storage in Dubai since i'm moving There?
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Don't live and store your assets in Dubai as an expat. It is just not a safe thing to do unless your are fluent in Arabic and understand the laws out there. There is no independent judicial system in Dubai. It's a third world country with nice buildings.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[hevocon]

Martin Everson said:
When you arrive in new country the money you already earned is considered capital by most new countries. It is of no interest by taxman. I have move around 8 times in Europe before I left europe and never once had issues with any new country other than UK and that is with 8 figure sum.
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so i move to switzerland or any other country except uk, open an account there and just transfer everything from my overseas bank account there. right?

 

[Martin Everson]

Which country are you from? There maybe easier and cheaper methods than Switzerland.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Spinat]

hevocon said:
so i move to switzerland or any other country except uk, open an account there and just transfer everything from my overseas bank account there. right?
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It's a possible solution which would work similar in Cyprus and Malta. You may answer @Martin Everson he is a genius in such setups 😉

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[hevocon]

Martin Everson said:
Which country are you from? There maybe easier and cheaper methods than Switzerland.
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what method can you recommend? any solution is welcomed, since i expect in the near future both my country and the country the banks are located in will exchange crs, but for the moment i have some time. i am afraid to name my country but it's located in EU. also i am afraid to leave the money in the banks since they can make an erroneous report to my current country even if i move to another

 

[Martin Everson]

Well I don't know which country your from so asll I can say is you need to get the money out of the banking system. There is ZERO future in keeping untaxed money in any international bank account anywhere in the world. You have to decide what your end goal is with the money and pick an asset you like and park it there.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.