Looking for advice/Service on my set-up

[Nicholas Van Orton]

Hi everyone, I've spent the days since I registered to the Mentor Group gathering as much information as I could, in order to make my move in the best of possible terms. I've contacted a few of the notable members here -some have answered, some haven't-, but I felt it was best to start a new thread to concentrate all the answers in one place and also know who might be interested in taking me as a client, rather than banging on asking 'perhaps too silly questions' to some busy agents (who have been very kind to reply, nonetheless).

To give you a bit of a background, I'm a professional EU-based trader with proprietary algorithms that are used to trade master accounts with pooled funds. I'm currently getting discretionary inbound transfers from EU and non-EU (international) accounts, and I need to move the earned cash (I don't have a specific set of scheduled transfers nor an equal amount per transfer). My intention is to set-up a structure whereby a company X would invoice me, so the overall take-home pay/gain would be substantially reduced. Also, I have non-EU family who might come in handy (instead of darks, please advise) in order for the set-up to be formalized. My budget for this is open (bar the rip-off attempts), as long as it is something that will be able to last over time (having read the ins and outs and the 'temporary' status of some set-ups, I find them not of my taste at all). I have explored Seychelles, Belize, Cyprus, the UAE (offshore and free zones), BVI, Gibraltar and Hong Kong, the last two because they might open more banks' doors.

Therefore, I kindly ask all of you offshore agents/CS providers in the forum to provide me with some advice, guidance and/or business consultation on the matter and to please address the following Qs that are essential for me:

1. What EMIs that support international (IBAN, SEPA and SWIFT) transactions are available? Most set-ups come with Mister Tango, which can't cope with SWIFT transfers, for example.
2. How reputable/stable are the EMIs being employed in these setups? Risk of them going bust?
3. Best set-up combination that grants a bank account/international-reaching EMI?
4. If using darks, would I be able to get a power of attorney in case I needed to sign some company docs?
5. What would work best: Darks or my non-EU family members?
6. What's the total time to set-up? Would it be faster using a shelf company)
7. Does a trust or foundation open more 'banking' doors or the options are just the same?

I'll be more than happy to continue conversations in PM or e-mail or openly here so others who might be in the same situation would also benefit from this thread. I hope to be able to conclude the business here.

 

[clemens]

There are no guarantees with any EMI you are going to work with, that said, then it can be a good solution for a startup on a low budget.

I would take it as your only option with EMI's unless you have a million or two to put into it and can consult some Swiss lawyer to help you setup everything in ZUG or similar places in Switzerland.
It takes aprox 3 - 6 business days to get you setup on darks. All what you need to do is to find the darks, get the company setup somewhere, I use offshorecorpgroup.com but you can use anyone else you like and then get the EMI account opened! I know you can find information here in the Mentor Group on how to do that or you can ask @negon for help. He has been of great help to me, after I paid 😀

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[Nicholas Van Orton]

Thank you @clemens , much appreciated. I have exchanged a bit of communication with @negon already and I understand it's a v good way to go. The question regarding EMIs is that I've found that the most popular one here, Mister Tango, only accepts SEPA payments, which means you can't do international/SWIFT transfers. I like Transferwise or Worldcore over Paysera, which is another popular option here. Revolut can't do as they don't accept out-of-EEA companies.

Could you please point out which of the EMIs you'd suggest for the setup?

 

[clemens]

Well, as soon as it comes to SWIFT transfers we have a problem with most of the EMI's around. I have had the same problem like you and didn't managed to sort this out with darks! I have a real bank account, corporate Cyprus account to which I transfer money from MT and TW and then do the SWIFT transfer.

There may be people that have sorted this out but I doubt since most EMI's are Europe based and don't able to handle swift!

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[Nicholas Van Orton]

Thanks again, @clemens (we mgiht catch up somewhere under the spanish sun someday...). I've been offered quotes on setups with bank accounts with darks, which may prove to be one reasonable option, even though there is some chance and out-of.control factor with darks which makes me hesitant, I'm still analyzing the best route.

Another option would be to set-up the company in a less-smelly option (from the financially-repressive EU country's point of view), like say Hong Kong, using a nominee director that would also help set-up the bank account, and use a power-of-attorney to operate it.

Since the company will have to invoice me in order to reduce/minimize the tax burden, I need to be able to present an invoice that won't raise let's say too many questions.

Does this sound feasible? Any other options from the experts/self-made offshorers around?

 

[blizz]

Nicholas Van Orton said:
hich may prove to be one reasonable option, even though there is some chance and out-of.control factor with darks which makes me hesitant, I'm still analyzing the best route.
Click to expand...

What out of control?

You want to make sure the address somehow leads to your address og an address where you are able to pick up what ever comes to you. You also want to have your own SIM card which you are using in an old phone or the new IPhone XR which encrypt all communication as they state.

Create some UK corps for the invoicing issues, 5 or 6 different companies based on fake docs. no one will ever rise questions if the amounts are not too high for each company.

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