Hi
I am just starting off with all this. I recently received about $65,000 in an inheritance. I am very smart and am a hard-worker but work a somewhat low paying job. I also do not trust the government at all. I have had them pull all the money out of my bank account before, without warning, and they later acknowledged they were wrong about things. Although I want to follow the law, I do not trust the government to be reliable or decent.
I want to protect this inheritance to the maximum extent possible. I also only have my current job and I want to start a company on the side so I have something in case my employment ends. I work hard and make money for my employer, but they have shown they see people of my position as disposable or do not really value me and so it makes sense to put effort into other things.
I'd like to incorporate in another jurisdiction with as strong privacy possible and strong banking rules so I won't be affected by a bank closing. I also want to open a business account with an cryptoexchange and have the business convert a large amount of it's fiat currency to digital cryptocurrency and move it into cold storage or off the exchange so no corrupt or lazy government official can simply take it without any sort of notification or process. I do not want to personally own crypto and have the government accuse me being inappropriate. I want almost nothing in my name. I would prefer a crypto friendly jurisdiction.
I also want to start a business. I already have one or two ideas of things I'd like to do that are slightly more complex. At first, however, I'd really just like something very simple that is low risk, maybe something boring and unsexy, with low barriers to entry and low difficulty, to increase my business abilities and make sure there aren't any kinks with simple stuff. I want to put my hard work into something I have control over.
Although I know an offshore corporation would be its own legal entity, I am not sure if the government would or could say I "own" such an entity. I'd like clarity on this.
I am not yet a paid member of the forum, but there is a possibility I will do that if it can lead to mentorship. I am not sure if this is the right part of the forum to post in, this post can be moved if it's better elsewhere.
Last edited: Apr 30, 2022
I am just starting off with all this. I recently received about $65,000 in an inheritance. I am very smart and am a hard-worker but work a somewhat low paying job. I also do not trust the government at all. I have had them pull all the money out of my bank account before, without warning, and they later acknowledged they were wrong about things. Although I want to follow the law, I do not trust the government to be reliable or decent.
I want to protect this inheritance to the maximum extent possible. I also only have my current job and I want to start a company on the side so I have something in case my employment ends. I work hard and make money for my employer, but they have shown they see people of my position as disposable or do not really value me and so it makes sense to put effort into other things.
I'd like to incorporate in another jurisdiction with as strong privacy possible and strong banking rules so I won't be affected by a bank closing. I also want to open a business account with an cryptoexchange and have the business convert a large amount of it's fiat currency to digital cryptocurrency and move it into cold storage or off the exchange so no corrupt or lazy government official can simply take it without any sort of notification or process. I do not want to personally own crypto and have the government accuse me being inappropriate. I want almost nothing in my name. I would prefer a crypto friendly jurisdiction.
I also want to start a business. I already have one or two ideas of things I'd like to do that are slightly more complex. At first, however, I'd really just like something very simple that is low risk, maybe something boring and unsexy, with low barriers to entry and low difficulty, to increase my business abilities and make sure there aren't any kinks with simple stuff. I want to put my hard work into something I have control over.
Although I know an offshore corporation would be its own legal entity, I am not sure if the government would or could say I "own" such an entity. I'd like clarity on this.
I am not yet a paid member of the forum, but there is a possibility I will do that if it can lead to mentorship. I am not sure if this is the right part of the forum to post in, this post can be moved if it's better elsewhere.
Last edited: Apr 30, 2022
