Hello,
I have a structure planned that I would like to share here.
The main reason of this structure is to get funds offshore to invest them further.
The funds mentioned are in the form of bitcoin or cash(€). (Proof of origin does not exist).
A holding company is established in Belize or St.Kittins (UBO EU Passport and Tax Residency). This holding company should only own other company shares or other assets. A bank account for this holding is not planned. This holding will establish another company 100% with nominee in Georgia in IT LLC. With one or more bank accounts. This IT-LLC will invoice fake invoices to private clients in faraway countries where a queer audit by a tax office would not be expected. The payment is made according to current plans via bitcoin payments, which in turn are transferred to the company account via exchangers. The money that accumulates on the business accounts is then cleanly declared money which can be invested in a brokerage account or real estate.
At the moment and until 2023 there is no need to worry about CRS reports from Georgian banks. In the course of 2022 it is planned to establish a Dubai freezone under the holding company and to take the tax domicile in Dubai and to name it to the bank in Georgia. It is also planned to start the same invoicing system with the Dubai company. Again the money is to be invested in brokerage accounts or in real estate.
Questions:
1.Which jurisdiction (Belize, St.Kittins) is more suitable as a holding company and why?
2. is the formation of an IT-LLC the right thing for my project? Can all IT services be declared tax free without any problems? Is it possible to open several company accounts for an IT-LLC without any problems?
3. is invoicing as I envision possible without any problems? Is the payment via bitcoin and exchanger to my bank possible without problems (40-50k monthly).
4. are there other ways to pay such invoices to me? Or to get bitcoins without proof of origin on offahore accounts to invest them further? 5. are there secure brokerage accounts that do not report CRS? If not, is a Dubai residency enough to avoid the CRS of brokers?
6. is a Dubai residency secure enough to avoid CRS problems? (All other things like tel.no, utillitybill from Dubai will be taken care of of course).
7. anything else I should pay attention to?
I have dealt very intensively with the topic, so I do not expect anyone to comment in detail on all the questions. If someone wants to, he can do it of course.
If there are professional providers here who can advise me and have good contacts to help me with the setup of the companies, I would ask for a PM. I am aware that this help will be chargeable.
Thanks in advance
I have a structure planned that I would like to share here.
The main reason of this structure is to get funds offshore to invest them further.
The funds mentioned are in the form of bitcoin or cash(€). (Proof of origin does not exist).
A holding company is established in Belize or St.Kittins (UBO EU Passport and Tax Residency). This holding company should only own other company shares or other assets. A bank account for this holding is not planned. This holding will establish another company 100% with nominee in Georgia in IT LLC. With one or more bank accounts. This IT-LLC will invoice fake invoices to private clients in faraway countries where a queer audit by a tax office would not be expected. The payment is made according to current plans via bitcoin payments, which in turn are transferred to the company account via exchangers. The money that accumulates on the business accounts is then cleanly declared money which can be invested in a brokerage account or real estate.
At the moment and until 2023 there is no need to worry about CRS reports from Georgian banks. In the course of 2022 it is planned to establish a Dubai freezone under the holding company and to take the tax domicile in Dubai and to name it to the bank in Georgia. It is also planned to start the same invoicing system with the Dubai company. Again the money is to be invested in brokerage accounts or in real estate.
Questions:
1.Which jurisdiction (Belize, St.Kittins) is more suitable as a holding company and why?
2. is the formation of an IT-LLC the right thing for my project? Can all IT services be declared tax free without any problems? Is it possible to open several company accounts for an IT-LLC without any problems?
3. is invoicing as I envision possible without any problems? Is the payment via bitcoin and exchanger to my bank possible without problems (40-50k monthly).
4. are there other ways to pay such invoices to me? Or to get bitcoins without proof of origin on offahore accounts to invest them further? 5. are there secure brokerage accounts that do not report CRS? If not, is a Dubai residency enough to avoid the CRS of brokers?
6. is a Dubai residency secure enough to avoid CRS problems? (All other things like tel.no, utillitybill from Dubai will be taken care of of course).
7. anything else I should pay attention to?
I have dealt very intensively with the topic, so I do not expect anyone to comment in detail on all the questions. If someone wants to, he can do it of course.
If there are professional providers here who can advise me and have good contacts to help me with the setup of the companies, I would ask for a PM. I am aware that this help will be chargeable.
Thanks in advance
