OVZA
New Horizons Paraguay
Ticker tape by TradingView

Offshore Company to Hide my Identity, Dubai?

Status
Not open for further replies.
Declared vs public 😉 Benelux countries temporarily restricted access to UBO registries after ECJ‌ rulling

https://www.schoenherr.eu/content/ecj-ruling-ends-unlimited-public-access-to-ubo-register

and

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:62020CJ0037

But, AMLD's wise, it's reasonable to anticipate that UBO registries across‍ EU member countries will be transparent from 2027 with varying degrees - non-impeded access, legitimate⁠ interest, fees and other restriction

https://www.ifcreview.com/articles/...ourt-of-justice-decision-of-22-november-2022/

and

https://www.loyensloeff.com/insight...-the-identification-and-registration-of-ubos/
 
They will and everyone will be able to look⁠ up UBO & Shareholders name, address, country and more up. Totally retarded as usual for⁤ the EU
 
Your information is correct. The UBo‍ rrgiatry ia not available to the public. Shareholder though is, but upon undertaking an official⁠ search.
Nominee shareholders are still available.
 
I highly doubt that the UBO Registry becomes available to the public any time⁠ soon. This was the initial intention but there was a case in the European court⁤ of Justice where it was rules that public access to the UBO registry infringed fundamental⁣ rights stipulated in Article 7 and 8 of the EU Charter which provide for privacy⁢ and protection of data.
 
Whatever you do you have to declare UBO (Ultimate Beneficial Owner) and even if that‌ info is not publicly accessible in your country it might soon be or it might‍ leak and be incorporated in alternative registry search engine (not the government one, which doesnt⁠ show it) like it happened in my country.
Non declaring UBO is illegal and actually⁤ criminal offense in some countries. Also without it good luck being onboarded by a bank.⁣

Actually the real problem is the banks, I'm not aware of even one that will⁢ onboard you without an UBO.
Welcome to the 21st century 🙂
 
Did this change something in other countries?⁣ I could list lot's of countries where you can see all information including name, address,⁢ country and phone number for UBO and any shareholder in public registered. Denmark and UK︀ are just examples.
 
I would guess that this is because the implementation of the court ruling is up⁤ to the discretion of the state. It does not have an obligation for implementation like⁣ an EU regulation or directive. However, for example Cyprus had every interest to restrict the⁢ Registry's access and has taken measurrs to do so.
UK of course have left EU.︀
 
Yes , that is what I am saying,‍ UK is free not to follow ECJ decisions.
Denmark on the other hand, I am⁠ not sure exactly of the State's position
 
All small countries like Sweden, Denmark and Finland is doing what EU says, all is‌ already transparent in these countries.
 
Implementation of the final system solution will not affect access rights to the UBO Register.‌ As a reminder, access to the UBO Register is currently being provided:

  • to Competent and‍ supervisory authorities; and
  • to Obliged entities, in the context of performing customer due⁠ diligence.

- Competent Authorities
  • Regulatory and Law Enforcement Agencieshave full access to UBO information⁤ without restrictions. These include:
    • Financial Intelligence Unit (FIU)
    • Central Bank of Cyprus
    • Cyprus Securities and⁣ Exchange Commission (CySEC)
    • Tax Department
    • Police and Other Law Enforcement Agencies
- Obliged Entities
  • Access for Due Diligence:
    • Entities defined as "obliged entities" under the AML Law can access⁢ UBO information as part of their Know Your Customer (KYC) and Customer Due Diligence (CDD)︀ obligations.
    • Includes:
      • Banks and Financial Institutions
      • Accountants and Auditors pen#%%&
      • Lawyers and Legal Professionals 🙄
      • Trust and Company Service Providers bor&%#
      • Real Estate Agents 😵
      • Casinos and Gaming Institutions ?


EX WIFE.
 
Did you proceed︈ with the idea to setup a Dubai company ?

I just heard that you can︉ buy some property in Turkey and get a passport included if you do so, here︊ you can get a new name etc. so that would provide real anonymity I think.︋
 
care to give more details about that⁠ or a link with detailed info about it please?
 
Thank you guys!

But I still don't understand. As far as I know, there is‌ no public company register for Dubai freezone companies (except the address, etc). But they dont‍ show executives/ shareholders. At least, I couldn't find anything for a few companies I checked.⁠

So there are two options:
  1. Incorporate a Dubai freezone company where I am directly the⁤ executive and shareholder. The company has nothing to do with EU so it will not⁣ pop up on any EU UBO/ company registers (?). I am not anonymous to banks⁢ and government but this is okay. I should be anonymous to competitors, clients, journalists, etc.︀ Is that correct?
  2. Incorporate a Dubai freezone company where I am directly the executive and︁ my EU company is the 100 % shareholder (i. e. me EU company is the︂ parent company). I am still the UBO but I don't see the reason why the︃ Dubai company should pop up in any EU UBO/ company register. My EU company will︄ pop up but thats okay, since nobody knows this company. I do business with the︅ Dubai company. The customers/ competitors/ public only see my Dubai company and can not find︆ out who the executive/ shareholder is. Is that correct?
Alternatives would be Cyprus or Switzerland︇ to incorporate (because of low tax). But I think the anonymity is not as good︈ as for Dubai there. Let me know if you have some experience with that.
 
2. sounds interesting, but few questions where do you plan to bank with the Dubai‌ company, in which jurisdiction?
Some extra questions:
A. If its within EU, it might be‍ hard to open bank account for that company and if you do you must be⁠ declared as UBO in your country.
B. If you are going to bank in Dubai⁤ with the Dubai company your customers might (or at least some of them) have hard⁣ time wiring the money, if you will be working with wires at all of course.⁢

Give us some more details about that, so we can figure out a working model.︀ Because some of them work in theory and when you go to the first bank︁ with some unusual setup they treat you like a criminal and show you the door.︂ Happened to me with HK company wanting to open bank acc within EU.
Even with︃ EU company that is owned by foreign company some banks give you hard time or︄ require lots of extra documents. Happened to me personally as well.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
Top Bottom