Off shore Private account wiring crypto currencies.

[testy]

US Citizen here.

Now crypto currencies have some pretty high taxes in the states and the states ask other banks to report us citizen with amounts of $50,000 in offshore accounts. So I happened to have profited a good amount from bitcoin being an early adopter or early hobbiest that found some of their coins not to long ago. I was thinking if I wanted to do this right I need multiple business as if I had an offshore company wouldn't they have to report me to the irs since I am a citizen, or do some of these just not report since it is technically a business. From my understanding I need one bank account in one country to own another in another country correct?

Any advice is welcome. I would also like to be able to link this bank account to one of the exchanges and sell bitcoin and have it wired to an account that can't be traced back to me.

 

[JohnLocke]

Well, as far as you may have read already on the forum then US citizens get reported anyway regardless how you setup the whole thing. The banks ask you to complete a form regardless if it is a corporate or personal account you setup.

You may find other ways to do this!

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[testy]

So I would need someone to open the bank account in the name of the business for me. The business would have to be in a country that has strict privacy laws correct? Or is this just not a possible thing.

 

[diablo]

testy said:
So I would need someone to open the bank account in the name of the business for me. The business would have to be in a country that has strict privacy laws correct? Or is this just not a possible thing.
Click to expand...

It's not possible unless you are using darks! you can't hide from the US Goverment any longer with an offshore bank account! Alternative is a huge Trust / Foundation setup which I doupt anyone will do for US Citizens to avoid troubles.

 

[testy]

What are darks? Assuming fake documents to setup said accounts and company's? Doesn't a trust + beneficiary hide the owner?

 

[diablo]

testy said:
Doesn't a trust + beneficiary hide the owner?
Click to expand...

it does, just much much more expensive. If you do an account upgrade to Mentor Group - https://www.offshorecorptalk.com/account/upgrades you can leanr all about how to use darks and up/Downs to setup a anonymous offshore account and Company.

 

[offtalk]

Do you accept bitcoin for Mentor group upgrade? I don't have paypal

 

[diablo]

you may ask Admin to contact you! or use the link at the buttom of this forum "contact us" left side 😉

offtalk said:
Do you accept bitcoin for Mentor group upgrade? I don't have paypal
Click to expand...

 

[rattopozza]

I have the same problem as testy, with the exception of being Brazilian. I haven't found any international bank that can accepts transfers from crypto Exchanges or personal buyers - does anyone knows a workaround here?

 

[NickNack]

My advice to US Offshore seekers...don't. It isn't worth it. Just file your taxes properly and conduct your business onshore.