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That was also my thought, but it doesn't work. I asked a Swiss lawyer already: the tax authorities of France would ask the Swiss authorities where the money of that company comes from. The Swiss authorities would show them the accounting, and the French authorities would call this tax dodging...

Thanks. That's also what my common sense says. But the problem is that I transferred funds from my Bank A in Singapore (opened with my SIngapore ID) to my French bank, so the French government can know that I have an account in Bank A. I am going to close the account in Bank A, but I also used...

Yes, I have a sort of second passport from Singapore, and I used that one. They didn't ask me for my French passport.

I will have about 250,000 Euro, invested in high yield etfs and funds that generate about 1,000 to 1,500 euro a month. I plan to pay groceries with a debit card/credit card using that money. So it's not huge amounts of money, and will be used to lower the total tax bill. Any advise also who...

Thank you. But the Singapore bank doesn't know I live in France. I didn't give them my French address. They still think I live in Singapore (I lived there before). They have a Singapore address on file, as my residential address.

I have a question about the CRS. I lived in Singapore and opened bank accounts in Singapore using my Singapore ID and Singapore address. I moved to France and now I live in France and have a French passport (double nationality), but the French government doesn't know I have a Singapore ID. Now...

OK, let me answer the questions of KFX, even though I don't think they affect your answers: 1) France 2) Singapore 3) No, just a personal account Thank you to all who can answer my question. Cheers and Happy New Year

Would an anonymous debit card work? I assume I can open the debit card with IBAN using an address which is not my current residence address (in another country), have the money wired to that IBAN, and use it to pay my grocery shopping.

I have an account in a foreign bank the tax authorities don't know about. I would like to either: 1) discreetly transfer the money to my domestic bank account (the tax authorities know about). However, if I transfer the money to that account, the tax authorities will also find out about the...

Mr. Fox is not the problem. He can be the administrator of the company, receive $100, and pay taxes on these $100. This is common practice in Switzerland, there are lawyers or fiduciary companies that exist only for this purpose (they also do the accounting, etc.). The problem is that I don't...

How can I make sure that a nominee shareholder cannot steal my money? And how can I find one? I guess in most cases they are lawyers?

I think Mr. Fox is not the problem. He is a friend of mine and will be paid about USD 100 a year to put down his name as the administrator of the company. This is normal practice. Many administrators administer tens of companies, and just put their names down. The question is whether the Italian...

I wonder if anybody is familiar with some legal matters related to Limited Companies (societe anonyme in French, Aktiengesellschaft in German) in Switzerland. Someone (say Mr. Fox) would open the company and be the administrator of that company. I would put $1 M. of my money into the company...

Thank you all for trying to educate me. Yes, but the taxes are levied where I spend more than 183 days a year.

Thank you. Never overestimate your correspondents! Obviously I am not very smart! Corporate bank accounts have to register a beneficial owner? Genuine question, because I never opened a corporation, and a corporate bank account. I thought the beneficial owner would be the corporation, which...

I didn't mean to be rude. I really don't understand how they can find out I am the UBO, since all documents say someone else is the UBO.

Right, so this will be our conversation: Q: "We found out that you are the secretary of a company based in Hong Kong. What is your position within this company?". A: "I am a secretary" Q: "How much do you earn?" A: "0" Q: "So why did you open the bank account?" A: "I was asked to do so by the...

I am sorry, but I don't understand. The bank will send a report, but according to the bank I am not the UBO. I am a secretary. So I will be taxed in France according to my salary as the company secretary, right? If my salary is 0 because the company is a consultancy that doesn't make any money...

Yes, I would be the UBO, but the government wouldn't be able to find out, would it? I would officially be the secretary with the power of attorney to open a bank account and withdraw money from it.

Officially the UBO would be appointed by the company that helps me open the account. I would be the real UBO. I would work for the company, maybe as a secretary (with power of attorney?). I would open the bank account in the name of the company, and have the only signature to withdraw money. Is...