Opening an Account without my ID?

M

MK192

New Member
Jun 26, 2017
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Hey,

I've been speaking with @Internationaloff in a PM and via my other thread regarding opening an offshore company, I've been told that in order for me to open a LeuPay business account that my ID will need to be submitted.

But doesnt that defeat the object of having an offshore company/account if your ID needs to be submitted for an account, as wont HMRC (UK Tax) then know i have an account belong to an offshore company? I have been told that Worldcore doesnt require ID to open an account with them but i dont want to use them as ill require a unique IBAN to recieve my payments and Worldcore only offers a shared IBAN number.

Can someone let me know what my options are please and also if i was to use my own ID to create a LeuPay account for an offshore company then how likely is it that HMRC will know about the account? What will prompt HMRC to check?

Thanks
 
MK192 said:
MK192 said:
Hey,

I've been speaking with @Internationaloff in a PM and via my other thread regarding opening an offshore company, I've been told that in order for me to open a LeuPay business account that my ID will need to be submitted.

But doesnt that defeat the object of having an offshore company/account if your ID needs to be submitted for an account, as wont HMRC (UK Tax) then know i have an account belong to an offshore company? I have been told that Worldcore doesnt require ID to open an account with them but i dont want to use them as ill require a unique IBAN to recieve my payments and Worldcore only offers a shared IBAN number.

Can someone let me know what my options are please and also if i was to use my own ID to create a LeuPay account for an offshore company then how likely is it that HMRC will know about the account? What will prompt HMRC to check?

Thanks
Click to expand...
Click to expand...
Just moment please.
Worldcore needs ID and Utility Bill in according to KYC/AML standards.
I also told that Worldcore is different than Leupay for AEOI. thu&¤#

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ok so now since both need ID that leaves me back to the other questions about ID and the implications of opening an account using my ID and the possibility of HMRC finding out.
 
MK192 said:
MK192 said:
ok so now since both need ID that leaves me back to the other questions about ID and the implications of opening an account using my ID and the possibility of HMRC finding out.
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All EMIs and banks need ID in according to KYC/AML standards, but there is a difference for AEOI .

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I'm confused though, Worldcore is based in the Czech Republic which have signed the AEOI, so they will have to start sharing the information on who has accounts with them.

So will LeuPay.

Am i missing somthing here as to me it looks like if you use either of those then HMRC (UK Tax Office) will know about it and will see i have an offshore company meaning i may aswell just pull my pants down and let the tax man stick his dick up there haha.

Correct me if im wrong please.
 
MK192 said:
MK192 said:
I'm confused though, Worldcore is based in the Czech Republic which have signed the AEOI, so they will have to start sharing the information on who has accounts with them.

So will LeuPay.

Am i missing somthing here as to me it looks like if you use either of those then HMRC (UK Tax Office) will know about it and will see i have an offshore company meaning i may aswell just pull my pants down and let the tax man stick his dick up there haha.

Correct me if im wrong please.
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There is a difference between an EMI with bank license as Leupay and an EMI without for AEOI. thu&¤#

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You may want to decide if you want to stay anonymous or reveal your information to a system that 100% will share your information. If you stick with EMI accounts, darks and some offshore company you can keep your privacy.

I know, people say there is a risk that the account get closed, the company shut down etc. However, if you do things right and keep your mouth shut up nothing will happen. It is possible to feet them with any document they may require at any time if using darks.

If you use darks there is a 5% chance your setup get closed
If you use your real data there is a 95% chance your information will be revealet to your authorities.

Make your decision
 
MK192 said:
MK192 said:
I'm not conviced on LeuPay as theres been several times yourself you have said LeuPay report everything to the tax authorities in this thread (LeuPay.EU - Review please is it a good offshore bank? )
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Leupay has a bank License (Satabank PLC) and reports automatically clients and account information to the tax authorities in according to CRS. Read: Summary of the Common Reporting Standard (“CRS”)
I repeat it. There is a difference between EMIs with Bank License and EMIs without for AEOI. thu&¤#

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I've just been in contact with the director of a registered agents company in the Seychelles that ive been told to contact via one of my clients. He has told me the following:

"However, we can open a bank account for your Seychelles company in Mauritius and there is no exchange of information if the amount on the account is under USD 250,000."

Anyone know which bank in Mauritius this could be or heard of other banks with the same policy?
 
MK192 said:
MK192 said:
I've just been in contact with the director of a registered agents company in the Seychelles that ive been told to contact via one of my clients. He has told me the following:

"However, we can open a bank account for your Seychelles company in Mauritius and there is no exchange of information if the amount on the account is under USD 250,000."

Anyone know which bank in Mauritius this could be or heard of other banks with the same policy?
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Check if between the bank's country and your country there is a TIEA (Tax Information Exchange Agreement). thu&¤#

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it seems the registered agent is telling the truth after doing some digging around:

"
For
Financial Institutions
applying
the threshold exemption, accounts with a balance or
value not exceeding $250,000 at 31 December 2015 do not need to be reviewed,
identified or reported until the account balance exc
eeds $250,000 at 31 December of a
subsequent calendar year. Financial Institutions
applying the threshold exemption must
keep an internal record of the application of the exemption
as part of the policies and
procedures which they are required to have in place in accordance with the CRS
Regulations."
 
MK192 said:
MK192 said:
it seems the registered agent is telling the truth after doing some digging around:

"
For
Financial Institutions
applying
the threshold exemption, accounts with a balance or
value not exceeding $250,000 at 31 December 2015 do not need to be reviewed,
identified or reported until the account balance exc
eeds $250,000 at 31 December of a
subsequent calendar year. Financial Institutions
applying the threshold exemption must
keep an internal record of the application of the exemption
as part of the policies and
procedures which they are required to have in place in accordance with the CRS
Regulations."
Click to expand...
Click to expand...

Read: Summary of the Common Reporting Standard (“CRS”)
Where do you live?

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​
 
sorry to be a little ignorant, but how long do you think this will stay this way? It's the UK not some sort og banana country!?
 
also what about the AEOI? as Mauritius is undertaking the first exchange by 2018?

EDIT: meaning it could happen any day as its happening before 2018 if it hasnt already.
 
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