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Since all the experts are here in this forum, let me kick start an interesting topic. Mossack Fonseca - What are the techniques or structures they used to help their clients to: minimise tax, especially for the US citizens?; hide their assets?;

Actually, Swiss banks are losing its shine. The next better place to me is going to be Panama. Why Panama? Only a few countries are in TIEA, except for that few. Fortunately, Panama is one of the very few. Imagine this, if a Cook Islands company has a Panama Bank account, very good for those who...

Must the company be a Cyprus company? Or any jurisdiction?

Even law firm and accounting firm may not be able to provide a totally clean company. In most cases, these lawyers and accountants are merely looking for a buyer for their existing clients who have an offshore company which is inactive. But if the offshore company has a bad track record or...

I like to know other than using online brokers to get margin financing for the financial instruments bought in the name of offshore companies, is there any restrictions to use offshore companies to buy assets like properties? It seems to me the avenue to borrow money is very limited for offshore...

Agree with that. The worst thing to do is to have the jurisdiction of the bank account in the home country of the members. Some countries made it as such that the fund of the offshore company is remitted back to the owner's home country, it will be a taxable income. Don't risk this, the taxman...

That is perfectly normal and it is "encourage" to do so.

Actually, the fastest I ever get my offshore company plus a bank account under my company's name is slightly more than a week. This is provided my service provider notarises my passport, proof of address and corporate documents for me. A lot of notary public that I know need to see the original...

Haha...No, I am not. I am a lover of Montecristo 2 cigars. For the turnkey company, I wrote in to ask about buying a ready made company with an existing bank account. I was told can be done but I have to pay a premium. I was told that after I take over the offshore company with a bank account...

I have a question to ask. For those who understand merchant account and payment gateway, some products and services are considered high-risk. There are merchant account and payment gateway providers who will take on these high-risk businesses at a high transaction price. But for bank accounts...

That is why I said, you may have to use nominee shareholder/director service to continue. However, that doesn't mean that you can do whatever you want with the e-commerce site. When there is any chargeback, it is very bad. Furthermore, if the e-commerce site is dealing in high risk...

You see, there are ways to go around with the system. Unfortunately we can't go head on with the system. There are cases whereby you talk to some corporate service provider, pay them a decent price and they incorporate the company under their own name. After the company is up and running, they...

From my understanding, Seychelles is one of the cheapest to incorporate compared to other jurisdictions. Imagine if you want to incorporate a Cayman Islands company, can pay through your nose. As for Cyprus, I really have no idea why. Years ago, they just took the depositors' monies and covered...

What business are you doing? How come Paypal will not work?

In another words, there is no incorporation of company. Only takeover a ready made company with bank account. Is that legal?

Is turnkey company legal? I saw advertisement whereby a corporate service provider selling offshore company with bank account already in place, is that legal/safe to use? How to sell a fully incorporated company with bank account away? Do I need to sign a sales and purchase agreement with the...

What sort of hidden fee we are talking about? Care to share? Because I went to offshorecompanycorp(dot)com and I was very interested to incorporate a company with them. Their google search indicated US$569 for a BVI company, I msg them and they came back and said it was US$1069 which I thought...

They really engage local lawyer to go after their own client? I encountered a useless legal500 lawfirm before, after paying them nearly US$30k to apply for a license, they told me FSC asked for US$1m as paidup capital, screw them as the lawyer said they are confidence to get it at low price...

In Singapore, you need to have nominee local director which usually cost more than the incorporation fee. This year alone, there are 2 nominee directors were prosecuted in Singapore for mishandle the companies. One of it was allowing the foreign director to launder money and the nominee director...

Possible, but only left 4 days. Need to be fast.