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Hi crownsortium, Below may help: Ultimate Beneficial Owner/ Beneficial Owner are the real owner of a company. But they may or may not (Depending on their choice) to be member. But as TVentures mentioned, if you are incorporating an offshore and you are the member/shareholder, it would not be...

Then come the era of accountant again :) We can still "Avoid" tax. I have clients in France, Man they are running away from this country. Tax are killing them

The registrar offer paid service where you can find limited information such as shareholders, directors, registered address. Also, this service is not available online. However, you can counter this by using nominee directors and shareholders. Regarding Ultimate Beneficial Owners, this will at...

Well not only be. May I narrowed my explanation. Every person that can fight (Lawfully) for you with your bank they will be forced to cooperate. In Mauritius, even in crisis period no bank has been making loss. The governor in fact is encouraging other investors to open banks in order to make...

Dear Admin, Very well said. I seek this opportunity to tell you that this websites is incredible and really helps investors

Hi Yitzhak, FATCA applies to corporate account too. Please find below extract from the website of IRS: In addition, FATCA will require foreign financial institutions to report directly to the IRS information about financial accounts held by U.S. taxpayers, or held by foreign entities in...

Totally agree with the two layer structure. But some people would prefer not opt because they need to pay additional fees. May I know where you work TVentures?

For onshore company, you would be required to pay VAT for the country where you company has been incorporated only. For offshore, you would be required to pay VAT to the country where you are citizen. But this is only if you declare your company with the local tax authority (Which I don't...

Hi Admin, Can you please advise what kind of personal details you are referring too. Their are some banks that I which are very lenient. This is not because they are fraud bank, but mainly because they are small and accept exactly what laws tell them in order not to lose customer. For...

I would recommend offshore also. But mind that even with nominee shareholder, some regulators would ask for Ultimate Beneficial Owners (UBO). In Mauritius, it would be FSC. Also, FINCEN is actively working on a new Customer Due Diligence (CDD) methods for banks to identity UBO. I assumed bank...

My answers consist of Offshore in Mauritius only (Applicable for other Jurisdictions also). In Mauritius you have Owners sometimes referred to as Ultimate Beneficial Owners or Beneficial Owners. These are different from Members (Shareholders /Nominee Shareholders). A shareholder will hold...

If Authorized Signatory you are right. But if he is talking of Ultimate Beneficial Owners taking the service of a nominee shareholder, then they would ask for an affidavit (Especially for offshore). I agree also that it does not stipulate in the law that the society would require an...

unfortunately, In Mauritius only a resolution won't do. Bankers will ask for an affidavit Agree for the Taking Back, I forgot that his question was Offshore Company not Offshore Individual account.

For Big Banks, for sure they would request Introducers. I really do not recommend Standard Chartered Bank. They are too slow and expensive. You may contact me if you need further help. With regards to Introducers, if you have an ex banker opening the account, for sure they would be afraid...

with FATCA, the bank itself will disclose it t

I can give guarantee that the Bank would open a Merchant Account with an offshore incorporation even with Nominee shareholders and Director. A good bank would accept your business if they find out that it is genuine. I can help if you want

Honestly I strongly request my client not to go for Panama. They are not well seen with banks and other institution. Mauritius, is the best option. With the strong Data Protection Act that the company has, you are sure that all your details are well kept. With regards to taxation, you pay 0 Tax :)

I know banks in Mauritius not requiring Introducer. May be I can help you! Also, John being an ex banker, surely they rejected for KYC issue or your name pop up an alert. If you could tell me what they said on their email. I can help further

Foundation are really great..a mixture of a company and a trust :) May be you can elaborate further

In Mauritius, Your family can take back all the asset with an affidavit from the court. It take between 1-2 weeks to get same in Mauritius. Or even less.