How to invest the offshore money?

[manager]

Ok the question may sound weird but I really can't find the answer to it.


I finally have a Seychelles offshore company and a bank account in Cyprus. I would like to know how I could invest the offshore money? My credit card has a monthly limit and I will never be able to withdraw all the money this way. I have also heard that wiring to my personal bank account is not recommended.


Is it a good idea to invest it in the country I live in (EU), or will that just draw attention? I want to use the offshore money for personal use, but big investments (real estate). How do I do that?


What happens if the IRS in my country asks me where I get so much money from? What do I tell them?

 

[manager]

anybody?????

 

[forcet]

Maybe you better define INVEST it seems you mean SPEND. If the latter is your‌ intention you better get a debit card that don't leave trailing logs.

 

[manager]

As I said: My credit card has a monthly limit and I will‍ never be able to withdraw all the money this way.

 

[clemens]

Why not transfer the money to some anonymous bank accoutn with a anonymous debit card‌ with a higher limit. OR you can transfer the money to different bank accoutns around‍ the globe and make investments from there. Investment means to invest the money in property,⁠ assets, gold, diamonds etc. not to withdraw money from the ATM, I assume we are⁤ on the same page :smok:

 

[manager]

Do you think it;s a good idea to transfer‍ it to a personal bank account? I heard that it's never a good idea.

 

[naomi]

Why not transfer the money to your personal bank account if you intend to spend‌ it at home?

 

[forcet]

Because if the purpose is to hide your money, assets or properties from your government‌ you won't give them the lead to your private bank account 😱mg: The solution is‍ a anonymous debit card with at least EUR 5000 - 10000 monthly limit.

 

[JohnLocke]

Well, a anonymous debit card can do the trick... however, it can be a complicated‌ process to get such.

 

[manager]

Can I do this with personal bank accounts‍ to countries other then where i live? Is it safe enough? Or do you mean⁠ opening more business bank accounts?

 

[JohnLocke]

I would not recommend any personal bank account at all, you increase the level of‌ privacy and asset protection by always have a company / corporation behind the setup. Most‍ offshore company's (even in the jurisdictions where they have signed any TIEA or similar agreement)⁠ will make it difficult and / or at least very expansive to penetrate to gain⁤ ownership information.

 

[JohnLocke]

Will you let us know how you decided to proceed? 🙂

 

[manager]

I am still using my debit card. 🙂

 

[JohnLocke]

There are plenty of solutions available to get the money out of the company, you‌ may just research a little more, maybe you should as well consult a local legal‍ adviser to help you a little bit and maybe let you know your options.

 

[pontiacG8]

Visit the country withdraw up to 10k euro and take it with you, don't forget‌ to enjoy your holidays thumbups

 

[bosnia]

Investment in Oil, Gas and so.

 

[dwilson]

I'm going to advise you not to link this money to you personally. Any transaction‌ that creates a bridge between you and the offshore company. How about creating a trust‍ and having the offshore company gift the money to the trust for the purpose your⁠ transaction? This would give you the desired results that you are seeking. :coffe:

 

[nastathin]

That sounds actually like a good idea dwilsin 🙂

 

[dwilson]

Well thank you jfk! This is what I do for a living so I'd better‌ get it right...(sometimes!) :w:

 

[hugger]

I agree 100% with you on that

Can you please elaborate on this? I am not seeing the advantage of a trust⁢ at the present time.

Surely a gift/transfer to a trust owned by an individual would︀ set off the same tax issues as sending it to the individual personally.


It is︁ the transfer of the money that attracts the attention of the relevant authorities, especially if︂ it is coming in from a tax haven. Who it goes to is almost a︃ minor issue.