A nominee will not avoid prosecution. The moment you deliberately commit tax fraud the nominees will sing like birds.
It used to work. Nowadays with all the CDD banks come up with its highly unlikely you would be able to even get a bankaccount opened. So yes, perhaps on paper. In practice, not anymore.
This is propaganda. The guy didn't operate outside of the EU
VAT is the only one thing guaranteed to get you in troubles. Governments have nasty reactions when you touch their main source of income.
Absolutely. Just a few months ago, I saw a Scandinavian tax authority go after a seller in another EU country for missing VAT on cross-border ecommerce. IIRC, they had just filed late but the thinly veiled threats were crystal clear and the tax authority would probably have handed it over to law enforcement. And would've won.
Miss the monthly vies reports for three or four times and they will be hot on your tail and fine the living s**t out of you.
do with a Cyprus company, they will never come after you if you don't charge VAT and file dormant end year!
Not true anymore. View reports is every month. Miss it and they will be hot on your tail.
It has nothing to do with Cyprus. You live a decade ago. Your company will not last a year anymore.
To be honest, a company can have more than one bank account, it's fine to open a new account when one account is closed. So no pressure about it in this case unless the reason your bank account is closed relates to a crime, for example, a money-laundering case ( I just mean what if). If the account is closed due to the changes in the bank's policies, there are chances to open a new account at another bank.
