Hello, new member here looking for advice..
I have a legit small software consulting company being paid by cheques in US dollars every month (about 15K from a bank in Canada) and I am looking to reduce the tax; I was thinking to setup a Seychelles IBC with the same name and deposit some of the cheques in the bank account/EMI belonging to it then withdraw the cash with the bank card.
The issue is I need a bank which does not report to EU or US (have dual US and EU passports, live in EU now) as I will need to reveal the name (unless it is North Cyprus?) at account setup.
What do you guys think , is such setup possible?
Ed
I have a legit small software consulting company being paid by cheques in US dollars every month (about 15K from a bank in Canada) and I am looking to reduce the tax; I was thinking to setup a Seychelles IBC with the same name and deposit some of the cheques in the bank account/EMI belonging to it then withdraw the cash with the bank card.
The issue is I need a bank which does not report to EU or US (have dual US and EU passports, live in EU now) as I will need to reveal the name (unless it is North Cyprus?) at account setup.
What do you guys think , is such setup possible?
Ed