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Well, officially the UBO will be the person appointed by this company (the nominee shareholder). I could open the bank account as a staff of the company (say, I would be the secretary earning a small salary)? I don't need to be the UBO to open the bank account, right? In the bank account I would...

Sure, but I don't need to be the owner to open a bank account with the bank, right? I can be the secretary, whom the owner trusted to open the bank account. In this case, can the owner of the company (whose signature the bank doesn't have) withdraw the money from the company's bank account...

I did read on a website of a company: "Should anonymity of the beneficial owners of Hong Kong companies is desired we can provide nominee directors and shareholders. When needed they can provide powers of attorney as instructed by the beneficial owners. Declaration of Trust can be provided by...

Having someone else being officially the owner would be very risky, as he ultimately could take control of all my money, right? I think what I need is to hide my identity as the owner, but anonymous incorporations only work in Seychelles and the like? Any reputable country that allows to...

This is the scenario, and then I have some questions: Suppose I open a company in (say) Singapore with a nominee director. That company opens a company in (say) Switzerland (I would hire a local nominee director). I guess the Singapore company would now the holding company? I could be a staff...

Can someone give please enlighten me? I am going to change all the names of the countries involved. Please don't comment on the countries!!! Right now I live in a low-tax jurisdiction (say Singapore) and I am soon moving to a high-tax jurisdiction (say France). Most of my income will come from...

The question is how CRS works, not about the Philippines.

I found on a website: How does CRS account reporting work? Financial institution always report to their local tax authority for CRS. It is the responsibility of the local tax authority to exchange the account information with the correct partner country. Which means that (for example) if I...

I wonder how CRS reporting works. Do the tax authorities of a country contact a specific bank in another country, providing the TIN (?), passport No (?), name (?) of a person, and ask whether this person has an account in the specific bank? Or do the tax authorities of a country ask the tax...

You have a "like" button. You need to add a "don't like your reply" button :) I think a trust in Panama gives you complete anonymity, but then I don't really trust a Panama bank with my life savings?

I am looking to keep my money in a bank with complete anonymity. I am not US citizen and reside in Europe. In another thread @azb1 kindly suggested I do some things, which I interpret as such (below). I have some questions and some doubts. So, what I should do: 1) I open an Offshore trust, for...

Well, if I don't declare it to the tax office, it's illegal.

Thank you! This is good. I have two questions: 1) Suppose one day I want to withdraw some of the money to buy a house, or anything else. Wouldn't the tax authorities come to me and ask me where the money comes from? If they find out, I need to pay a big fine, so basically I wouldn't be able to...

This is copy-pasted from the website "Expatra". I hope I can copy paste the passage?? (reading again, it doesn't talk about an ATM card, but I would get a bank account in the name of the insurance company): This company insures your life, establishes a bank account on your behalf, and you get...

I tried to open an account in Switzerland as a non-resident, and it was impossible in most banks. It's not illegal, but banks don't want to go through the hassle of doing so. The only one willing to do so was UBS at the airport of Zurich.

I haven't been able to find information on this forum on Offshore Portfolio Bonds. Apparently you make a contract with an insurance company, and put a portfolio under their management (you can update it any time you want). You can do it for example for 20 years, and withdraw 5% a year without...

I am surprised there is not more talk about foundations on this website. After some research, it seems to me that foundations are the simplest way to hide money from the taxman, and the only way to do so legally (apart from trust, but trust is more complicated and has some disadvantages). The...

Which banks could one use to open an account with a Nevis multiform foundation?

I save about Euro 12,000 a year in taxes on dividends if I put them somewhere without a DTT with USA. More if I put them somewhere with a DTT with USA. So there isn't really much point in hiding my money if it costs more than Euro 6,000 a year or so.

I have asked a company about family foundations in Luxembourg, and they said it's not yet established (still on the drawing board for 5 years or so), and they recommended a Special limited partnerships (SLPs) in Luxembourg. As far as I can see, while it is perfectly legal to give your money to a...