Hi guys,
I've been reading and learning a lot here recently (thanks) and felt that it's time to pose a question regarding some situational specifics. I'm looking at setting up a new (and more efficient) business registration with bank account.
I'm trying to identify the best jurisdiction(s) to open a business and associated bank account which meet the following criteria:
- No business tax
- No requirement for recurring filing of accounts (i.e. minimal remote maintenance effort)
- Privacy, as much as is possible while not using illegitimate documents (enough cash will be flowing through the account that I don't want to lose the ability to access it if the bank suspects ID fraud or requests checks down-the-line).
- Ideal (but not essential) is access to a business banking card with high withdrawal limits
- Ideal (but not essential) is minimal CRS reporting to France or UK. Understood if this simply can't be avoided.
Do you have any recommendations on the best country (or countries) for such a business and bank account? Reasoning would also be interesting. 🙂
Also, are nominee directors worthwhile (or a waste of time given the bank's beneficiary owner requirement)? And is it advantageous to have a virtual office address within the bank's country, as the primary correspondance address, thereby reducing the chances of them treating the account holder as overseas (for CRS)?
I hope you don't mind the questions. 🙂
Many thanks!
I've been reading and learning a lot here recently (thanks) and felt that it's time to pose a question regarding some situational specifics. I'm looking at setting up a new (and more efficient) business registration with bank account.
I'm trying to identify the best jurisdiction(s) to open a business and associated bank account which meet the following criteria:
- No business tax
- No requirement for recurring filing of accounts (i.e. minimal remote maintenance effort)
- Privacy, as much as is possible while not using illegitimate documents (enough cash will be flowing through the account that I don't want to lose the ability to access it if the bank suspects ID fraud or requests checks down-the-line).
- Ideal (but not essential) is access to a business banking card with high withdrawal limits
- Ideal (but not essential) is minimal CRS reporting to France or UK. Understood if this simply can't be avoided.
Do you have any recommendations on the best country (or countries) for such a business and bank account? Reasoning would also be interesting. 🙂
Also, are nominee directors worthwhile (or a waste of time given the bank's beneficiary owner requirement)? And is it advantageous to have a virtual office address within the bank's country, as the primary correspondance address, thereby reducing the chances of them treating the account holder as overseas (for CRS)?
I hope you don't mind the questions. 🙂
Many thanks!
