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I'm absolutely certain that price tag comes with value-added services...:w: I can also assure you that even some of the best versed offshore consumers are still no match for the absolute frustration and incompetence of certain financial institutions (around the world). There are endless stories...

It is a requirement in all AML regulations to disclose the identity of the beneficial owners. This is a key principle of the FATF 40 Recommendations used to combat Money Laundering and Terrorist Financing. In recent years, many legislators have "expanded" the reach of AML legislation beyond...

Why do people always expect to get great things for cheap? :whistle: Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

At the end of the day, the beneficial owner must be recorded and this information is normally included in a standard information request by the FIU and/or the Regulator. The responsible way to handle your situation is to seek a licensed tax adviser and get guidance on how best to reduce your tax...

Just to add to Zqq all US persons must pay income tax on their worldwide income. That means that you should have been filling annual taxes in the US even if you reside outside of it. FATCA just mandates that foreign financial entities are now required to report account information to the IRS...

Yes it is Belize! Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

@ forcet - A lot depends on the activity of the business for merchant services in Belize. At the moment, only a handful of the banks are offering merchant services! We just assisted a client with this. Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

hartmut - find another tax consultant! Your adviser(s) is there to serve your needs not theirs! However, a really good offshore specialist will give you impartial advice and direct you through the purchase process and explain benefits and risks of each recommendation they provide. Toggle...

I agree with Arturos! Chatting with an offshore specialist should be your first stop and cross referencing any advice with as many knowledge banks as possible will confirm the credibility of any advice sought. It is quite easy to place multiple orders with a single csp but it is more important...

If privacy is a concern, might I suggest incorporating an offshore holding company using nominee appointees (both Director and Shareholder). Consider using a corporate nominee appointee as your shareholder... Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

What is the problem with your existing Belize IBC? Using a middle man to pose as the beneficial owner is not a recommended solution... Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

A better question...is my offshore solution tax compliant? Because if it is, then it does not matter where you incorporate... Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

Jurisdiction is only one part of the equation. There are other considerations also... Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

A lot depends on the type of activity conducted by the offshore IBC. If your business has a physical address and trades in tangible goods, I would say that you're up for a challenge. If your business is service based, then you have some options... Toggle signature Caribbean Offshore Agents...

It depends on whether you used additional features such as nominee directors & shareholders, underlying trusts and/or companies. Flat structures are surely more vunerable than solutions using the aforementioned services... Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

When you say local tax, do you mean the jurisdiction where the IBC was incorporated or are you referring to the domicile of the beneficial owner(s)? Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists

There is an absolute distinction between the officers of a company (Director/ Shareholder/ Secretary) and the beneficial owner(s). When a company is incorporated, there is a record of names of the company officers and the beneficial owner(s). The company officers are recorded on company...

I cannot comment on the motives behind consumers using nominee services - or what they believe are the benefits. I can only comment on what I know to be true based on real-life experiences as a compliance officer in a real offshore jurisdiction. I have dealt with ML & tax related queries from...

Certainly not! No professional (nominee service provider) will falsify or misguide an investigating authority as to the true identity of the beneficial owner. That will certainly lead to that professional's prosecution. The fact of the matter remains - seek legitimate tax advice from a qualified...

I highly recommend that you do some market research in each jurisdiction before making a decision. Toggle signature Caribbean Offshore Agents Inc. - Offshore Specialists