How could it be possible to Invest in Stocks if you don't want your creditors to know?
- Thread starter AlicaFunk
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Would they share information with my home country in the EU if I stick to stock trading only, or is that something they don't usually report?
They report via CRS to your country of residence (not to your home country), nevertheless there are ways around it if you set up a trust.
You can also give another residence, but this would not be entirely legal.
Nevis is another option that is less costly and requires less maintenance.
The bank is the one who reports not the company jurisdiction.
The benefit of Nevis is that is easier to maintain than a Belize company and offers similar protection.
I've looked into something similar myself not because I have creditors or other shady characters after me, but simply because I want maximum privacy. I've concluded that crypto and physical gold are the only real options for keeping things discreet.
Otherwise, it would require a corporate setup like the one we've discussed many times in Mentor Group Gold, which isn't a viable route for me with $2 million that I need to put to work.
Otherwise, it would require a corporate setup like the one we've discussed many times in Mentor Group Gold, which isn't a viable route for me with $2 million that I need to put to work.
List of jurisdictions that got tax information exchange agreements with Cook Islands and others: https://en.m.wikipedia.org/wiki/Tax_information_exchange_agreement
A few of them are missing in the list I noticed, there are more.
The problem is that this setup will give you no anonymity and therefore, what is the point?
A few of them are missing in the list I noticed, there are more.
The problem is that this setup will give you no anonymity and therefore, what is the point?
How does a trust solve the issue? You mean that in that case, it is unknown who is the owner of the bank account?
I agree. However, can you store gold in a way that you are comfortable with and not risk too much of counter party risk?
I'd be foolish to write here on a public forum about how I've done it, but it is possible. Mine has been safely placed somewhere for nearly 12 years where no one ever goes. Even if there's a war or the place gets bombed, the chance of anyone finding it is less than 2%.
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Only the early bird catches the worm.
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