Search results

Just a couple of quick and short answers: 1. The Panama Foundation seems a bit of over kill. 2. Will the Latvian bank open an account for a Belize company? 3. How much do you expect the Panama company to have as annual revenue? The size of revenue and net profit will be a major factor in...

You may want to read this story about a Nominee Director that has stolen $34 million from one of his Australian clients and absconded with the money. http://news.ninemsn.com.au/national/2013/04/15/06/22/paul-hogan-chasing-$34m-stolen-by-tax-adviser Paul Hogan is trying to chase down $US34...

Hmmmm.....seems that no-one in the UK wants free gas and electricity for six months. (I am even prepared to pay for 12 months if necessary) If you are interested just send me a quick email to johnreece1975 at gmail dot com. (it is a temporary email address)

Excellent questions by DayTrader and excellent answers by zqq. I would only add that the BVI/Seychelles holding company does not really need a bank account. Its sole purpose is to be the Director of the HK trading company. As long as the offshore service provider (OSP) knows that you can pay...

Have done that already. The bankers reference was not a problem. BUT if I give a non-UK address, the UK bank wants to give me their offshore account (Jersey etc). I actually need a utility bill in my name to "prove" that I am living in the UK to obtain a domestic UK bank account. Its crazy but...

I am a UK expat living overseas for over ten years. I am now in need of a UK bank account but I cannot provide a utility bill (gas and/or electricity) to open a bank account. Is there anyone here that would consider allowing me to pay your gas and electricity bills for 6 months so that I can...

UK government is talking about reducing corporate tax rate from 28% to 22% in next budget.

I agree. You will have more difficulty with a Singapore bank

I would NEVER advocate tax evasion. It is a legitimate structure offering a legal way to reduce taxes. And if you can show where the structure is not legal in ANY jurisdiction, I would like to see it. (please show the country and relevant tax code.)

I would NEVER advocate tax evasion. It is a legitimate structure offering a legal way to reduce taxes. And if you can show where the structure is not legal in ANY jurisdiction, I would like to see it. (please show the country and relevant tax code.) Last edited by a moderator: Feb 19, 2013

If set up as shown in some of my other posts on this forum, then beneficial ownership (either direct or indirect) can NOT be conclusively proven. And that is assuming that they can pierce the veil of privacy of the Seychelles company. (And you would need to be a HUGE fish being sought by your...

Some people here will recommend places like Cyprus etc as an alternative to Hong Kong. But be aware that Cyprus is suffering from the huge financial problems in Europe and is asking for major bail-outs which may (or may not ) be given by Germany. Greece got the bail-out but I am not 100% sure...

To make the Offshore company bulletproof, you need a Hong Kong company owned by a Seychelles company. (The Seychelles company gives privacy and the Hong Kong Company gives respectability). The Hong Kong company has a Hong Kong bank account (with one of the major banks, HSBC, Standard...

I am assuming that you took my previous advise and established an offshore Hong Kong company. If you do not "declare any dividends and just kept the money in account, used for future business investment" , you have NO tax liability at home. The offfshore Hong Kong company is a totally...

I can not send any PMs . Can you advise what is the problem with my account?

My personal view is that Hong Kong is far superior to using Ras Al Khaimah (RAK) companies. This is primarily based in the fact that Hong Kong is growing at a phenomenal rate and is linked to the China business juggernaut. Hong Kong is also very well respected as one of the major business...

I do not know which country you reside, but any money wired into your home country would normally be seen as income paid to you (unless you can prove otherwise) by your tax authorities.

Yes. But it will be more difficult to obtain the bank account in Singapore using only a Seychelles based company. It will be much easier to open the Singapore bank account if you have a Singapore company (which in turn is owned by the Seychelles company).

If you already have a personal account with HSBC in HK, then you should be able to open the HK Company account over the phone. (The Bank will already have all your relevant details on file).

The Seychelles company is only of value if you want the Directors of the Hong Kong company to be anonymous. (The Seychelles company would be the Corporate Director of the Hong Kong company) If anonymity is not important, then a Hong Kong Company with a HSBC / Standard Chartered / Citibank...