offshore formations 247
- Thread starter bionixlaunch
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This is exactly what I'm looking for and what I have tried to achieve with my Cook Islands company. The company itself is protecting my ownership data perfectly fine but the bank in Latvia which the agent opens the account with doesn't︀ protect my privacy at all.
It's important to consider all areas of a setup before︁ doing it.
It's important to consider all areas of a setup before︁ doing it.
When we enter an offshore business or company and having to maintain an Offshore account is not an easy task at all. This was an eye opener for most of the people here since they thought opening an offshore account is easy and some are quick to act before they think about it first.
Yeah it all comes down to what you require from your provider of offshore company formation & bank account if it's just a simple setup you don't need anything special from them and therefore can use some of the basic and cheap providers. If you require communication, good support and special documents to provide then it's going to be difficult to find the good once!
Hi, apologies if i have missed anything. But since there is more than one reason to create an offshore company such as Inheretance or Privacy.. Id like to ask a noob question...Is it possible to create an offshore company+bank acc such as Belize & Cyprus bank acc and use it for personal uses or daily personal transactions?
Am i correct in assuming that using a Business Bank acc for Personal use isnt allowed for all business setups.. for eg. it wont work with a setup for Cyprus Company+Bank acc, because of the reporting that needs to be done each year for a Cyprus Company or︀ another similar company, right?
But on the other hand, Belize Company + Cyprus Bank Acc︁ no reporting needed and therefore can be used for Personal + Business transactions?
Hope to︂ get some clarification for this question. And if it has been asked before, please point︃ me in the right thread. thanks!
Am i correct in assuming that using a Business Bank acc for Personal use isnt allowed for all business setups.. for eg. it wont work with a setup for Cyprus Company+Bank acc, because of the reporting that needs to be done each year for a Cyprus Company or︀ another similar company, right?
But on the other hand, Belize Company + Cyprus Bank Acc︁ no reporting needed and therefore can be used for Personal + Business transactions?
Hope to︂ get some clarification for this question. And if it has been asked before, please point︃ me in the right thread. thanks!
Yes that is possible, you may read that it is how most here are using such.
Who is going to stop you from doing that? again the majority here will use it exactly like that!
true
Who is going to stop you from doing that? again the majority here will use it exactly like that!
true
I don't do any accounting I don't even reply to any of the agents request to complete forms and s**t like that. Just using the company for all my personal stuff. It's wonderful 😉
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