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  1. mnschwarz

    depositing

    Offshore banks operate just like onshore banks. The security of your funds will be dependant on the jurisdiction, the banks policies, liquidity levels etc. Golden rule I live by is to diversify. Don't put everything you own in one bank, asset class or jurisdiction.
  2. mnschwarz

    Forex Business - Ask Me Anything

    How do I make lots of money?? :D
  3. mnschwarz

    Banking in Mauritius?

    ABC is no longer a corporate option for me. Just been informed they aren't accepting applications with a Foundation as the shareholder. Afrasia I was told have started accepting applications again but only from local Mauritian based introducers. I have been given quotes of $1175 and $1000 for...
  4. mnschwarz

    Purchasing Shelf Company WITH Bank Account.

    Sent you a PM.
  5. mnschwarz

    Bank account opening service provider(s)?

    No but I haven't really been looking either. You'd need to contact individual banks and ask if they accept offshore corporations.
  6. mnschwarz

    Bank account opening service provider(s)?

    I don't see the US joining AEOI anytime soon as they have FATCA. But indeed something may change in the future negating the solution. That being said, things are always changes in this space and it's also quite possible your chosen bank updates their CRS policies to begin reporting all account...
  7. mnschwarz

    Bank account opening service provider(s)?

    @Midas Gordiusson have you thought about banking in the US (assuming you're not an American citizen/resident)? Just a passing thought but after looking at a list of jurisdictions that haven't signed the AEOI agreement, the US stands out.
  8. mnschwarz

    Cheapest corporate bank account

    I'm curious to see what the cheapest corporate bank account might be. I was looking at Afrasia & ABC in Mauritius but my introducer is being a pain so started looking around at other options. These two above I initially liked because they have zero minimum balance or fall-below fees, zero...
  9. mnschwarz

    Need Help Setting Up Offshore Company and Offshore Banking

    I've no idea regarding the laws in India but most countries have CFC laws. Basically it means if you control the company, you would be taxed where you are resident. This is to stop people like yourself simply incorporating offshore and avoiding taxes. You would need to speak to a local...
  10. mnschwarz

    UAE Free Zone

    It includes the free zones. You're referring to resident companies being excluded - which you are not. The company, even incorporated in UAE, is managed and controlled by you. Thus it is not a resident company and your banking information reported to Spain under CRS.
  11. mnschwarz

    Banking in Mauritius?

    No one banking in this jurisdiction? Maybe I'll be the guinea pig again! hah.
  12. mnschwarz

    Bank account opening service provider(s)?

    A big part of that will depend on your structure. And are you using a nominee account signatory? I'm looking to do the same at the moment. Will let you know if I have any luck.
  13. mnschwarz

    ATM use with Nominee

    Depends how much cash we're talking about really. Generally it should be fine. It's a different story if you're taking out a couple hundred K and then depositing it in a bank account or purchasing assets that make you stand out though.
  14. mnschwarz

    I need to transfer $100 000 to Canada

    If the funds are used for a house purchase, there may other issues than just the transfer. The title will be in your name (or at least someones if it isn't for you) creating a connection. It may never be an issue but if you, or the title owner are ever audited or questioned where the funds come...
  15. mnschwarz

    ATM use with Nominee

    Not sure I understand exactly. Are you referring to your own company bank account where you have used a nominee as the signatory? And risk of what? What is your main concern? Being caught by the nominee? Tax authorities?
  16. mnschwarz

    I need to transfer $100 000 to Canada

    Western Union isn't anonymous. There's another recent thread here that might give you some ideas. Fund repatriation Bitcoin & Hawala sound like possibilities.
  17. mnschwarz

    I need to transfer $100 000 to Canada

    Need more info bud. Transfer from where? What's wrong with a normal bank transfer?
  18. mnschwarz

    To Nominee or NOT to Nominee

    @Midas Gordiusson I haven't moved ahead with a new bank account yet. I've been waiting for Afrasia to begin accepting new applications again but might have to try elsewhere as it's taking a while. I have accounts that were opened before using nominees in the meantime though. Using nominees for...
  19. mnschwarz

    To Nominee or NOT to Nominee

    Exactly. Nominees are not to protect you from illegal activities. They are for privacy. A nominee is not going to get themselves in trouble for a few hundred bucks a year.
  20. mnschwarz

    To Nominee or NOT to Nominee

    It may have a different name but it should be yes. It is as much for you as it is for the nominee. It's basically the contract for their services. Outlines the annual charges, fees for tasks, waiver of liability and so forth.

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