Structure for passive company (under CRS)

[Doberman]

Hi,

Interesting in structure for such case:

BO (Russian resident)

Current setup 2 Cyprus companies, one just holding, second - trading securities.

Task: to avoid automatic exchange of information

Note: change of tax residence not accepted.

Substantial cost of assets suppose no fake UBOs can be offered.

Any ideas?

 

[JohnLocke]

Just to be clear you already have setup the Cyprus companies or you want setup the companies?

In regards to setup the comanies as non resident so they are excempted from any tax it's possible.
>>Note: change of tax residence not accepted.
Please clarify what you mean?

There are options to get fake Passport copy and utility bill no problem and they can be used to form the companies.

>>Substantial cost of assets suppose no fake UBOs can be offered.
If you don't mean nominees, then please elaborate what you exactly mean.

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[Doberman]

Admin said:
Just to be clear you already have setup the Cyprus companies or you want setup the companies?

In regards to setup the comanies as non resident so they are excempted from any tax it's possible.
>>Note: change of tax residence not accepted.
Please clarify what you mean?

i mean that change of tax residence of UBO is not considered

There are options to get fake Passport copy and utility bill no problem and they can be used to form the companies.

What about bank? I think u know they will not accept fake UBO for the structure which has assets with costs 30+mln USD.

>>Substantial cost of assets suppose no fake UBOs can be offered.
If you don't mean nominees, then please elaborate what you exactly mean.
Click to expand...

I mean nominees will not be accepted by bank as there are substantial assets. Please see above.

 

[JohnLocke]

Well, nominees are used all the time for bank account opening even when some corps have million of dollars in the account or assets for the same. No problems to sort this out with the bank as long as everything it legit of course.

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[Doberman]

Admin said:
Well, nominees are used all the time for bank account opening even when some corps have million of dollars in the account or assets for the same. No problems to sort this out with the bank as long as everything it legit of course.
Click to expand...

Which banks can you recommend?

 

[JohnLocke]

There are several banks depending on which offshore jurisdiction you are looking into. For Cyprus, Bank of Cyprus and Piraeus Bank Cyprus works fine for the majority of people. For Mauritius ABC bank works great.

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