the best privacy for UBO ?

Verified Anony said:
Verified Anony said:
UK - How to hide money & property ownership?
"But you can setup a Swiss AG, bypass the UBO regulations and buy property via the AG. Find a Treuhand that setups a new AG for you so your identity will not be shown in the incorporation docs. The whole stup will cost you approx 5-8K CHF per year (nominee director), so you better buy a very expensive house"
Did I misunderstand?
Here, Switzerland is supposed to hide the owner on paperwork.
Click to expand...
Click to expand...

So you think in 2018 one can setup a Swiss AG and have nominees that the UK will not ask Switzerland who the beneficial owners are? You think the incorporation agent when they get a call from FINMA (Switzerland) to pass on details on who owns the company they will not do this? You think the Swiss would refuse to aid HMRC by citing secrecy? This is 2018 when you sneeze at the Swiss they give you their underpants size.

We live in a different world now. If you want to avoid taxes you need to up and leave and move to another country. 12,000 millionaires a year have left France for example. The rich are not messing around with tax structures any longer. Buy a plane ticket.

Wealth tax forces 12,000 millionaires A YEAR out of France | Daily Mail Online

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Verified Anony said:
Verified Anony said:
UK - How to hide money & property ownership?
"But you can setup a Swiss AG, bypass the UBO regulations and buy property via the AG. Find a Treuhand that setups a new AG for you so your identity will not be shown in the incorporation docs. The whole stup will cost you approx 5-8K CHF per year (nominee director), so you better buy a very expensive house"
Did I misunderstand?
Here, Switzerland is supposed to hide the owner on paperwork.
Click to expand...
Click to expand...

So you think in 2018 one can setup a Swiss AG and have nominees that the UK will not ask Switzerland who the beneficial owners are? You think the incorporation agent when they get a call from FINMA (Switzerland) to pass on details on who owns the company they will not do this? You think the Swiss would refuse to aid HMRC by citing secrecy? This is 2018 when you sneeze at the Swiss they give you their underpants size.

We live in a different world now. If you want to avoid taxes you need to up and leave and move to another country. 12,000 millionaires a year have left France for example. The rich are not messing around with tax structures any longer. Buy a plane ticket.

Wealth tax forces 12,000 millionaires A YEAR out of France | Daily Mail Online

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
@Martin Everson you're wrong regarding Switzerland. First take a look on the Website of FINMA to understand what they do. OP nowhere mentioned that he plan to run a regulated financial/insurance Business.
In Switzerland you can have wonderful solution, but the pocket must have the right fit.

@Verified Anony
1. with proper setup and the right Provider the Swiss solution provide much more privacy.
You mostly look for a fiduciary solution, where the director will act as UBO this way he ("you") get as benefit a strong bank secret (that still exist for swiss residents).
Depending on your requirement and money ready to spend on such setup you can optimize it.

2. Already explained on 1. plus the right Provider will mostly suggest in your case to go with two companies a Holding plus a operation company, this gives multiple benefits.
 
@Martin Everson you're wrong regarding Switzerland. First take a look on the Website of FINMA to understand what they do. OP nowhere mentioned that he plan to run a regulated financial/insurance Business.
In Switzerland you can have wonderful solution, but the pocket must have the right fit.

@Verified Anony
1. with proper setup and the right Provider the Swiss solution provide much more privacy.
You mostly look for a fiduciary solution, where the director will act as UBO this way he ("you") get as benefit a strong bank secret (that still exist for swiss residents).
Depending on your requirement and money ready to spend on such setup you can optimize it.

2. Already explained on 1. plus the right Provider will mostly suggest in your case to go with two companies a Holding plus a operation company, this gives multiple benefits.
 
superman said:
superman said:
with proper setup and the right Provider the Swiss solution provide much more privacy.
You mostly look for a fiduciary solution, where the director will act as UBO this way he ("you") get as benefit a strong bank secret
Click to expand...
Click to expand...
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
 
superman said:
superman said:
with proper setup and the right Provider the Swiss solution provide much more privacy.
You mostly look for a fiduciary solution, where the director will act as UBO this way he ("you") get as benefit a strong bank secret
Click to expand...
Click to expand...
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
 
void said:
void said:
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
Click to expand...
Click to expand...

You are the shareholder. You are the owner. The nominee is 'just' a director that is visible in the public registers, and is controlled by you.

Treuhands specialise in managing companies for others. These are not some shady people but lawyers or accountants. There is a whole industry.

Note these structures are not anonymous, the veil can be pierced. However if you do no business in your 'tax country' or do it at 'arms lenght', you normally will have no problem., if you use a holding and ops structure you are two levels away from the tax man ...
 
void said:
void said:
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
Click to expand...
Click to expand...

You are the shareholder. You are the owner. The nominee is 'just' a director that is visible in the public registers, and is controlled by you.

Treuhands specialise in managing companies for others. These are not some shady people but lawyers or accountants. There is a whole industry.

Note these structures are not anonymous, the veil can be pierced. However if you do no business in your 'tax country' or do it at 'arms lenght', you normally will have no problem., if you use a holding and ops structure you are two levels away from the tax man ...
 
"director will act as UBO" made me think he was referring to some arrangement where such a lawyer is a real UBO for banks etc.
If not then I don't see any difference from much less expensive setup like Seychelles company with nominee director.
 
"director will act as UBO" made me think he was referring to some arrangement where such a lawyer is a real UBO for banks etc.
If not then I don't see any difference from much less expensive setup like Seychelles company with nominee director.
 
Have you ever tried opening a bank account for a seychelles based company with a nominee director and shareholder?
 
Have you ever tried opening a bank account for a seychelles based company with a nominee director and shareholder?
 
void said:
void said:
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
Click to expand...
Click to expand...

There exist many solutions. Swiss Holdings are widely used exactly for this. As Milky says there is a real industry for such solutions and as already mentioned they can be extended in many directions, regarding how to get the money very creative solutions are done trough Insurance companies which is nice but not cheap, then there are flows with "help" of lawyers and many more. All this is not some kind of shady stuff. On top of all there still exist a small number of Banks who assist as much possible to make the client happy and to still stay somehow "compliant".
 
void said:
void said:
This sounds like a dream nowadays no matter that it's an expensive solution.
Let's put aside that I can't imagine how the contract with such a "proxy" person looks like and how to make this safe. This is probably doable.
What I don't see at all is how you can actually benefit from such an arrangement - how can you basically use the products of "your" company (held by some one else as official UBO). If the answer is that you just keep all the profit or purchased assets in the company that seems like a very fragile structure with a single point of failure and I wouldn't be sleeping very well with that.
Click to expand...
Click to expand...

There exist many solutions. Swiss Holdings are widely used exactly for this. As Milky says there is a real industry for such solutions and as already mentioned they can be extended in many directions, regarding how to get the money very creative solutions are done trough Insurance companies which is nice but not cheap, then there are flows with "help" of lawyers and many more. All this is not some kind of shady stuff. On top of all there still exist a small number of Banks who assist as much possible to make the client happy and to still stay somehow "compliant".
 
With a US company you can hide UBO and also US banks doesn't report accounts to IRS and other countries, except when you earn 10USD of interest or more in a year.
 
With a US company you can hide UBO and also US banks doesn't report accounts to IRS and other countries, except when you earn 10USD of interest or more in a year.
 
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