setup ibc for trading shares and crypto and keep private

[snoopy123]

Hello
I was wondering if its still practical to setup an IBC for trading shares and crypto etc leaving the profits offshore to reinvest and accumulate ,I understand i can setup a Belizecorp/Seychelles IBC with nominee directors and the Company ownership will remain private,but what about the bank account.
Won't the UBO be simply automatically reported back to their home country now CRS is in force?
Maybe even the Broker trading platforms/exchanges will also report?
Surely this makes the whole thing a waste of time and money?

Or am i missing something here.

Is using darks the only way to go?
What about RAK company?

I am an EU citizen

Thanks

 

[JohnLocke]

snoopy123 said:
Won't the UBO be simply automatically reported back to their home country now CRS is in force?
Click to expand...

The Cyprus banks still claim as long as you keep the account active they wont report anything.

You are not allowed to do any crypto business in the UAE so I believe it is not a valid option.

The trading platform will not report you as it is now. Unless some of the major platforms in this field have changed their policy.

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