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  1. mickey

    100% compliant - 0% banking

    An IBC and a LLC both located in the same jurisdictions as they were incorporated with substance and UBO living at the same address, do not get a bank account (no introducer was used). LLC, located in jurisdiction A: 2 banks visited in person both rejected as the business is mainly overseas...
  2. mickey

    Business Licenses with more than 1 director

    In some jurisdictions we need more than 1 director so establish an entity. Especially for licenses (for Brokerage/Banking/Insurance/Gambling/Sport-bets etc.) we need more than 1 director to apply. How it is possible to overcome this obstacle? I mean except using a photocopy of a passport by...
  3. mickey

    LLC/IBC offshore entity with Cyprus tax residency

    Hello, a friend of mine asked me about two of my old threads where I described the current substance and taxation situation of LLCs and IBCs located in offshore jurisdictions. Unfortunately I'm not so familiar with Cyprus taxations of foreign revenue, so this would be the setup: He wants to...
  4. mickey

    Service Providers for substance

    The new substance regulations which all offshore jurisdictions have applied did not washed away the countless offshore company mills. They just continue selling useless companies and that's it. They are some service providers already, which offer help for building up substance in certain...
  5. mickey

    IBC Bank account declined despite all recent regulations fulfilled

    Hello, I heard recently, that an IBC (Dubai) was declined by a Dubai Bank despite its beneficial owner lives in Dubai. Some days later I watched a YT-Video where this was mentioned between the lines: "The Banking is not so great" Why could be banking for an IBC "not so great" which kind of...
  6. mickey

    Comply with substance requirements by immigration

    In order to comply with the latest substance requirements of almost all offshore jurisdictions, I asked myself how to comply with these requirements on my own. So when I move to an offshore jurisdiction (Belize, Seychelles, BVI, Bahamas, Cayman Islands, ...) in person with a work permit, setup...
  7. mickey

    Economic Substance Requirements

    In this thread we wanna list up the substance requirements of every each offshore jurisdiction (with source). This should give everyone an overview of what is where necessary. I have also noticed that some information contradicts itself, this may have been caused by conflicts of interest by...
  8. mickey

    Finance/Forex/Investment/Fund/Bank Licenses by Offshore countries

    Hello, I just noticed that the Crypto-Exchange named Payeer has a License by the Vanuatu Financial Services Commission (VFSC). Most other common offshore destinations has their own commissions/authorities for several financial services, are some Offshore-Countries which do not have such a...
  9. mickey

    How an IBC does not need to comply with substance requirements like LLCs

    As the most of us know, a LLC is not affected by the recently coming up substance requirements of many offshore jurisdictions. The reason for that is the pass-through taxation which obliges each partner to pay taxes where they live. Now I asked myself how an IBC could get rid of this substance...
  10. mickey

    Bank account/EMI shutdowns without CRS/MCAA/CBC background check

    As we all know, it is almost impossible to setup a company in one of the common jurisdictions (like: Caribbean, Seychelles, UAE) and getting a bank account and/or EMI. The main reason for this is that the beneficial owner still lives in a high tax country, so CRS/MCAA and/or CBC kicks in. When...
  11. mickey

    Low-Risk Merchant Account for offshore entity

    Hello, I'm looking for a creditcard merchant account for an online shop which is selling gold bars. So I guess it is low-risk. But the company who is operating the shop is located in an offshore-jurisdiction (like British Virgin Islands, Seychelles, Belize etc.). Best Regards: Mickey
  12. mickey

    CRS and Financial Institutions

    As we all know CRS applies to Not Financial Institutions. But how is a financial institution defined? Well banks are obviously financial institutions and Trusts are also excepted from CRS. But what about Mutual or Hedge Funds? Are these financial institutions and CRS excepted as well? I came...
  13. mickey

    USA/Nevis/St. Vincent/Cook Islands LLC + Territorial taxation

    Hello, as we all know 2018-2020 are the years where IBCs/Ltds getting taxed >25% when they have no substance in their jurisdiction. Now there is the question how it works with an LLC. LLCs are partnerships, so the physical presence of its directors/partners are setting the taxation. So no...
  14. mickey

    Hedge Fund Formation

    Hello there, I'm Mickey and I'm new on board. Since 2012 I was active on TalkGold and now I'm very happy to be here to find some knowledge by professionals. Now to my company: I plan to setup a Hedge Fund. In order to save capital gain tax the company have to be in a offshore jurisdiction. Now...

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