Create offshore company + bank account ?

Adam14

Adam14

New Member
May 28, 2025
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Hello,
If tomorrow I create my offshore company + a bank account associated with my company. This will allow me to transfer funds (that i earn with my Warez sites) to my bank account in complete peace of mind and to use the funds whenever I want?

If that's right. Who are the best intermediaries to create the structure? Will I be able to transfer large amounts ($100K/month)? What are the best countries for that?

Thank you !
 
Yep. Just keep CRS / AEOI in mind (banks will report bank accounts to your home country. If you are not declaring that income in your home country, you could be in trouble)
 
the only possible way to do that is to use a second citizen passport and utility bill for a country that is not reported (if any such still exists) or to use real darks for bank account opening. Fake darks works fine for company setup.
 
auric said:
auric said:
the only possible way to do that is to use a second citizen passport and utility bill for a country that is not reported (if any such still exists) or to use real darks for bank account opening. Fake darks works fine for company setup.
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Click to expand...

It's complicated! Why the classic offshore company + offshore bank account method will not work in my case? (I've French passport)
 
If you don't mind any reporting as discussed on the forum a lot of times, then sure a Belize corp with a bank account say Cyprus or EMI account will do pretty fine.
 
auric said:
auric said:
If you don't mind any reporting as discussed on the forum a lot of times, then sure a Belize corp with a bank account say Cyprus or EMI account will do pretty fine.
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Click to expand...

What happens if I'm ever reported? For information I no longer live in my country of origin (France) because of my activities (Copyrigh infrigement).
You know someone to open the company and bank account easily (No need with darks if my name does not appear publicly on company information) ?
 
Have you completely cut ties with france (you don't have a house, bank accounts, credit cards, phones, assets, etc) in France at all? If that's the case, and you now live in a new country, then this country you live in will be the one receiving the reports from your offshore bank.

What country do you now live in? if you're lucky it's a low tax or territorial tax country so, even if they do receive the reports, they wont care (for example, UAE)
 
ultrarekt said:
ultrarekt said:
Have you completely cut ties with france (you don't have a house, bank accounts, credit cards, phones, assets, etc) in France at all? If that's the case, and you now live in a new country, then this country you live in will be the one receiving the reports from your offshore bank.

What country do you now live in? if you're lucky it's a low tax or territorial tax country so, even if they do receive the reports, they wont care (for example, UAE)
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I have nothing left in France except an inactive bank account (and family), and I don't plan to go back (I have one of the most visited movie streaming sites in the country), I am in Morocco.
 
Quoted from Deloitte: Basis ”“ Morocco operates a territorial tax system. Companies (both resident and nonresident) generally are subject to corporate tax only on income generated from activities carried on in Morocco. ... Capital gains ”“ Capital gains are treated as noncurrent income and taxed at the normal corporate tax rate.

Source: https://www2.deloitte.com/content/d...ments/Tax/dttl-tax-moroccohighlights-2018.pdf

perhaps set up a morocco corporation since your income is not generated in morocco, therefore paying no tax and having the money in your country in morocco?

As always, speak with a cerficied tax lawyer in Morocco to confirm this. At a first glance it looks like it would work.
 
ultrarekt said:
ultrarekt said:
Yep. Just keep CRS / AEOI in mind (banks will report bank accounts to your home country. If you are not declaring that income in your home country, you could be in trouble)
Click to expand...
Click to expand...

would he still get reported owning just a business bank account for a Belize IBC with nominees? or are we talking about personal bank accounts only?
 
@Vince AEOI/CRS reporting applies to personal as well as corporate bank accounts, as they always wanna know who's the UBO (ultimate beneficial owner) of said bank account.

If the UBO's country of residence is a country with which Belize has AEOI agreements, then they'd get reported yes. But since morocco is territorial it wouldn't matter really since they don't tax moroccan resident's income made outside morocco. Countries with territorial taxation systems are the best, you can live there and have offshore companies and banks, have banks report back to your home country, with no fiscal consequences as your country doesn't care as long as the income hasn't been made in their country.

Countries that tax on worldwide income suck for this particular purpose haha
 
Anyone got a quick list of what countries Belize has AEOI agreements with or where I can find a list.
 
ultrarekt said:
ultrarekt said:
Have you completely cut ties with france (you don't have a house, bank accounts, credit cards, phones, assets, etc) in France at all? If that's the case, and you now live in a new country, then this country you live in will be the one receiving the reports from your offshore bank.
Click to expand...
Click to expand...
So what are the "ties" that can be used against you? Seems like you cannot even leave a country you don't like (sorry France), it's just impossible because there will always be something left. I don't understand how an inactive bank account or a house rented to someone else or a phone line in my name that my parents use... how do all these things force me to technically stay in a country I don't like?

Does anyone have practical experience with doing this?
 
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