Hello guys and thanks for this great forum full of nice information.
It is actually nice to see people who value their privacy, sadly we have become an endangered specy in today's society.
For the last days (from a newbie position) I have spent countless hours on the offshore matter in order to assess how & where to establish an offshore "IBC" to conduct my business. My head is now a bit overheating and would love some help.
Here is my setup :
- I am a resident in a EU country (Lithuania), which has CFC rules and I am looking to be 100% legit as CRS & FATCA looks like a real threat and I need to transit large amounts of funds.
- Country of incorporation does not affect my activity, but I need 0% corporate tax.
- I need a bank able to transit hundreds of thousand $ or € without being a pain or closing my account.
The trick part definitely seems to be the bank...
From what I read and the advise I got from pro, I have forgotten about avoiding the CFC rules of my residential country and about true anonymity, so basically I just want safe banking. I have also accepted to forget about anonymity and delaying indivudal taxes on the company profit (because of CFC rules).
I could think of the Seychelle IBC + cyprus bank account that was advertised here but I am being advised by a third party that I am dreaming if I hope a Cyprus bank to open an account for a Seychelles company. Is that still possible reasonnably easiliy using "Offshore corp" and would that bank be fine transitting large funds ? Once established, I would suffer if the bank decides to close the account later.
Would you think of any other country for that kind of banking ? Like Bahamas IBC + bahamas bank perhaps ?
I may have forgotten a few things so do not hesitate to ask question if it can help and thank you in advance.
It is actually nice to see people who value their privacy, sadly we have become an endangered specy in today's society.
For the last days (from a newbie position) I have spent countless hours on the offshore matter in order to assess how & where to establish an offshore "IBC" to conduct my business. My head is now a bit overheating and would love some help.
Here is my setup :
- I am a resident in a EU country (Lithuania), which has CFC rules and I am looking to be 100% legit as CRS & FATCA looks like a real threat and I need to transit large amounts of funds.
- Country of incorporation does not affect my activity, but I need 0% corporate tax.
- I need a bank able to transit hundreds of thousand $ or € without being a pain or closing my account.
The trick part definitely seems to be the bank...
From what I read and the advise I got from pro, I have forgotten about avoiding the CFC rules of my residential country and about true anonymity, so basically I just want safe banking. I have also accepted to forget about anonymity and delaying indivudal taxes on the company profit (because of CFC rules).
I could think of the Seychelle IBC + cyprus bank account that was advertised here but I am being advised by a third party that I am dreaming if I hope a Cyprus bank to open an account for a Seychelles company. Is that still possible reasonnably easiliy using "Offshore corp" and would that bank be fine transitting large funds ? Once established, I would suffer if the bank decides to close the account later.
Would you think of any other country for that kind of banking ? Like Bahamas IBC + bahamas bank perhaps ?
I may have forgotten a few things so do not hesitate to ask question if it can help and thank you in advance.
