Buy assets in Canada with crypto capital through offshore

[JimmyWatson]

I have a large amount of crypto currencies that I would like to cash out.

This is what I need

-I would like to be able to safely transfer large sums to bank and be able to invest (mutual funds, real estate) them offshore and not worry about it being shut down.
-I would then like to buy assets in Canada, properties, houses, cars without Canada knowing where the money originated from (I'm a citizen of Canada)

 

[negon]

JimmyWatson said:
-I would like to be able to safely transfer large sums to bank and be able to invest (mutual funds, real estate) them offshore and not worry about it being shut down.
Click to expand...

if you don't have to worry with any such solution I can't promise you but one way it may be possible is the following:

Setup and AdvCash account and get a debit card
setup a revolut online account which you load with the AdvCash debit card
Now you can withdraw your money to any bank account, personal, business or thirtpary.

AdvCash account can be loaded with BTC so the debit card can.

Hope it helps a little.

 

[JimmyWatson]

auric said:
if you don't have to worry with any such solution I can't promise you but one way it may be possible is the following:

Setup and AdvCash account and get a debit card
setup a revolut online account which you load with the AdvCash debit card
Now you can withdraw your money to any bank account, personal, business or thirtpary.

AdvCash account can be loaded with BTC so the debit card can.

Hope it helps a little.
Click to expand...

The cashing out of bitcoin is the easier part I have experience with. Can AdvCash be used for cashing out large sums? 6-7 figures at a time? Do they charge a big %?

The hard part for me is the offshore setup. I don't know which jurisdiction would be best for my offshore company or if I should have multiple to avoid treaties they can have with Canada. Which banks I can trust with large amounts of money without worry of being shutdown.

 

[JimmyWatson]

Is there some type of representative or agency you could recommend me to ask these questions to?

 

[zxctypo]

Am also interested in this

 

[negon]

JimmyWatson said:
The cashing out of bitcoin is the easier part I have experience with. Can AdvCash be used for cashing out large sums? 6-7 figures at a time? Do they charge a big %?
Click to expand...

they are not cheap like most of this in our business! That said, I have no problems to withdraw EUR 2500 at a time in the ATM's on a daily basis. Using them often for this purpose.

JimmyWatson said:
The hard part for me is the offshore setup. I don't know which jurisdiction would be best for my offshore company or if I should have multiple to avoid treaties they can have with Canada. Which banks I can trust with large amounts of money without worry of being shutdown.
Click to expand...

For large sums, you split your total assets into several smaller units. Means say 3 - 4 offshore corps and 3 - 4 EMI accounts so you setup the entire thing with darls. That's how it would work the best for you.

You want to make use of VPN's, Prepaid SMS cards and other stuff to protect your identity and to get this work.

 

[diablo]

JimmyWatson said:
The hard part for me is the offshore setup. I don't know which jurisdiction would be best for my offshore company or if I should have multiple to avoid treaties they can have with Canada. Which banks I can trust with large amounts of money without worry of being shutdown.
Click to expand...

You want to get a tax advisor to help you with local tax Laws in order to avoid troubles! Most of the solutions you will find here may be on the border of illegal and for that reason have to be followed up with some legal tax advisors or lawyer.