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@clemens I can tell you that Black2 did contact me and we continue to work with them to obtain an account that works for them. Calvin, we did not receive a response from. We have several options open to Black2 however travel is necessary in order to obtain an account of the calibre that the...

@Sols Interesting that we have different experiences of IOM. I think the general gist is that IOM is not as easy as most other locations to work with. Your reference to trustee signatory etc being an example. Toggle signature

As you say @hernanday to give a full idea of the situation we will all need a lot more information, which is likely to change the clients situation. Toggle signature

IOM is possibly one the hardest locations in the world to work with. Their registry is so selective about who they allow to incorporate, what the nature of business is, whether this will bring the island into disrepute etc. They have also introduced a local Director requirement and costs are...

Sometimes using a double structure to enable the client facing business to be in an acceptable country, but the owner company to be offshore can work. Sometimes it works if you create a payment processor to handle transactions so that the client is only ever dealing with a company in a...

The only problem with bringing costs into the business is that if they none genuine, which in this case they would be artificially created, this could be considered tax evasion. Depending how this was done it could also be transfer pricing (or mis-pricing). If a company is created correctly to...

If you intend to move to a territorial tax system in the future, I would suggest that it makes no difference if the company is created using your current address for the time being. This will be updated anyway when you have moved and by moving to a system of territorial tax CFC will by its...

I don't seen an issue banking the offshore company offshore and operating as you need to with Visa or MasterCards being available with most accounts now. I think the reference to Direct Debit may just be a term mis-use and you would actually pay by card most of the time. With regards to CFC...

Hi @hometowng It is worth mentioning a number of things from your message. 1. If you do decide to operate through an offshore company rather than a UK one, any banking should enable you to transact quite normally and spend the £25k per day that you need to spend. 2. If privacy is important...

Apologies @angelo1955 We have been incredibly busy over the last week. Can I take a contact number for you (please DM this) and I will ask my corporate Dept to call you and deal with this for you. Many thanks. James Toggle signature

EU Companies often need a VAT number in order to 'zero rate' the VAT to other EU companies. Also I'm not sure what you plan to do on the banking, but the bank will need to see company documents to support its existence so will know where the company is from. Other than the impossible task of...

Hi, Depending on your residential status and the legalities in your country of residence there is generally not an issue creating two companies. One in a more respectable location and one in Belize, with the respectable company working direct with clients and then diverting some of its income...

Yes @Sols & @GiGoGo We were talking to HSBC HK and OCBC Singapore this week about the possibility of remote account opening using video conference for the time being. They were both considering, but we have not received confirmation yet. Toggle signature

Normal banks are unlimited, but be prepared to need to verify transactions, particularly if they are of a large value. Toggle signature

Banking for LLCs is still possible in several locations, but is certainly limited. Toggle signature

I agree with the concern surrounding heavy use of EMI's and prefer banking arrangement despite the process being considerably more difficult. We are talking to HK banks at the moment about allowing distance account opening for the time being, which may well be successful. We have already reached...

Hi, The PSC Register is designed to bypass nominee usage. Therefore for the purposes of the PSC Register a nominee is not acting because they act on your behalf, therefore bringing it back to you personally to be added to the PSC Register. In the scenario above, you could use the parent...

Even if you create an offshore company to hold the shares of the UK Company and you appoint a Nominee Director on the offshore company. 1. You need to appoint a physical individual on the UK Company. It cannot only be a company acting as Director; 2. The Nominee will not normally act as a...

Hi @COMP1 I would suggest contacting a number of offshore company formation agents in various parts of the world to discuss your specific requirements and see what each agent offers before making a decision about who to use for this. Toggle signature

Hi, Before you consider the best location for your offshore company to be created, it may be helpful to know that while the Offshore Company can act as Shareholder of the UK Company, it can also act as Director, but only where another physical individual also acts as Director. You will not be...