Investing money that is not declared in your EU country of origin

Btraveler

Btraveler

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Sep 18, 2019
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Hello team,

If you have some money like 50K or 70K that is not declared to your EU country of residence and/or deposited in a NON-CRS Bank, how could you invest this money in something that can make it grow up?

I've been thinking, for example, investing in Real Estate (1 flat) in countries like Georgia, Armenia, Iran or Turkey. You can have an incoming rent of Airbnb from that. What do you think about it?

If not, a real estate project that is NO-KYC based?

Thank you in advance
 
Btraveler said:
Btraveler said:
If you have some money like 50K or 70K that is not declared to your EU country of residence and/or deposited in a NON- CRS Bank, how could you invest this money in something that can make it grow up?
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Hummm......very good question. I would check firstly about any tax amnesty programs. But in general I would say investing in real estate is not bad but won't grow your money as much as other asset classes these days but may give an income. The way to go is early stage startups outside EU.

But don't copy this guy Dan Horsky and invest in startups make 100's of millions and fail to declare it smi(&%

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In 1995, Horsky bought shares in startup businesses through Credit Suisse accounts. He joined two other game-theory experts in investing, the people said.

Horsky invested in as many as 18 companies, but most were bad bets, according to court papers. He ran up more than $350,000 in credit-card debt, forcing him to take a second mortgage.

He finally struck it rich in 2008, when a company identified in court papers as Company A was bought for $1.8 billion. Horsky had invested in the firm using his money, funds from his father and sister, and margin loans from his bank.

He reaped $80 million in net proceeds, but only reported a gain of $7 million to the IRS, he said. He also admitted filing false returns from 2009 to 2015.

After his windfall, Horsky bought stock in a second company, identified as Company B, which had acquired Company A. His assets rose to $200 million by 2013.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Martin Everson said:
Hummm......very good question. I would check firstly about any tax amnesty programs. But in general I would say investing in real estate is not bad but won't grow your money as much as other asset classes these days but may give an income. The way to go is early stage startups outside EU.

But don't copy this guy Dan Horsky and invest in startups make 100's of millions and fail to declare it smi(&%

--------

In 1995, Horsky bought shares in startup businesses through Credit Suisse accounts. He joined two other game-theory experts in investing, the people said.

Horsky invested in as many as 18 companies, but most were bad bets, according to court papers. He ran up more than $350,000 in credit-card debt, forcing him to take a second mortgage.

He finally struck it rich in 2008, when a company identified in court papers as Company A was bought for $1.8 billion. Horsky had invested in the firm using his money, funds from his father and sister, and margin loans from his bank.

He reaped $80 million in net proceeds, but only reported a gain of $7 million to the IRS, he said. He also admitted filing false returns from 2009 to 2015.

After his windfall, Horsky bought stock in a second company, identified as Company B, which had acquired Company A. His assets rose to $200 million by 2013.

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Thank you @Martin Everson . The idea is to make work that money and if some day I have a very good luck to invest in a company that raises a lot of money, will decide to declare

When you refer investing in startups outside of Europe, you're referring to companies and/or tech companies outside EU, but in terms of Real estate, something interesting and backed up?
 
Btraveler said:
Btraveler said:
When you refer investing in startups outside of Europe, you're referring to companies and/or tech companies outside EU,
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No the underlying companies invested in can be located in EU. However the platforms you use to invest or were the funds are gathered should be should be outside the EU.

Btraveler said:
Btraveler said:
but in terms of Real estate, something interesting and backed up?
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Not sure what you mean hereconf/(%. But in terms of Georgia real estate a well located rental property in Vake or Saburtalo districts of Tblisi is not bad. Or a studio as central as you can get along Chavchavadze Avenue close to shops. For Airbnb its location location location when it comes to Georgia....so slap bang in he action and don't worry too much about size.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Martin Everson said:
No the underlying companies invested in can be located in EU. However the platforms you use to invest or were the funds are gathered should be should be outside the EU.



Not sure what you mean hereconf/(%. But in terms of Georgia real estate a well located rental property in Vake or Saburtalo districts of Tblisi is not bad. Or a studio as central as you can get along Chavchavadze Avenue close to shops. For Airbnb its location location location when it comes to Georgia....so slap bang in he action and don't worry too much about size.
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Thank you mate. I'll consider
 
Martin Everson said:
Martin Everson said:
No the underlying companies invested in can be located in EU. However the platforms you use to invest or were the funds are gathered should be should be outside the EU.



Not sure what you mean hereconf/(%. But in terms of Georgia real estate a well located rental property in Vake or Saburtalo districts of Tblisi is not bad. Or a studio as central as you can get along Chavchavadze Avenue close to shops. For Airbnb its location location location when it comes to Georgia....so slap bang in he action and don't worry too much about size.
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farming land is a quite good alternative as is not under under the scope of authorities as much as real state
 
boomy said:
boomy said:
That could work now we just need to find a broker firm in Georgia to trust.. any suggestions ?
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In Georgia you can trust Caucasus Capital which is just IBKR white label or Galt & Taggart which is just Saxobank white label.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
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