Hi OffshoreCorpTalk,
This is all hypothetical 😀.
Imagine there is a company called A and other smaller companies called B, C and D. The company A sends invoices to companies B, C and D once or twice every month. B, C and D pay these invoices and the money will be transferred to company A's business bank account. Now, company A has to withdraw 90% of the money to store it in physical cash.
- What company structure or what kind of company should company A be? (Offshore, Onshore, LLC owned by something else, etc...)
- What should be written on the invoices to not raise suspicion? (Goods, services, etc...)
- What combination of offshore company jurisdiction + offshore business bank account should be used?
- How would you withdraw most of the incoming transfers in physical cash since the banks probably wo't allow this?
I imagine company A should be registered in a 0% tax jurisdiction like Dubai.
Best regards.
This is all hypothetical 😀.
Imagine there is a company called A and other smaller companies called B, C and D. The company A sends invoices to companies B, C and D once or twice every month. B, C and D pay these invoices and the money will be transferred to company A's business bank account. Now, company A has to withdraw 90% of the money to store it in physical cash.
- What company structure or what kind of company should company A be? (Offshore, Onshore, LLC owned by something else, etc...)
- What should be written on the invoices to not raise suspicion? (Goods, services, etc...)
- What combination of offshore company jurisdiction + offshore business bank account should be used?
- How would you withdraw most of the incoming transfers in physical cash since the banks probably wo't allow this?
I imagine company A should be registered in a 0% tax jurisdiction like Dubai.
Best regards.
