UK - How to hide money & property ownership?

[qez]

Hello,
What is the best solution and why?
A UK citizen
living in the UK
who wants to hide their money from the UK government
and purchase UK property without the UK government knowing that they own that property.

Thanks for any help you provide.

 

[diablo]

Find a homeless Mexican and ask him for his KYC and do the signature.. ask‌ him to form the Company and open the bank account 😉

 

[qez]

Any serious suggestions?

 

[Milky Moon]

I'm unaware of the requirements for buying property in the⁤ UK.

But you can setup a Swiss AG, bypass the UBO regulations and buy property⁣ via the AG. Find a Treuhand that setups a new AG for you so your⁢ identity will not be shown in the incorporation docs. The whole stup will cost you︀ approx 5-8K CHF per year (nominee director), so you better buy a very expensive house︁ 🙂

If you only have a couple of £100K to spend, just file the income, pay︂ taxes and you will not have to worry.

 

[JohnK]

great suggestion, it's very expensive compared to‍ regular services in other offshore jurisdictions. However it's Swiss so it's expensive and as long⁠ as this works it may be cheap for someone.

 

[icecold]

this seems to be valid!

 

[qez]

Thanks for your suggestion.

Why Switzerland⁢ rather than:
Seychelles
St.Kitts & Nevis
Belize
Cyprus
St.Vincent & The Grenadines
BVI

 

[Milky Moon]

Switzerland offers the only legal way‌ to have UBO secrecy. Besides having a offshore structure without proper bank account isn't really‍ useful.

 

[void]

I thought (speaking about the register of companies in given country) some other countries‍ offer that too - Marshall islands, Seychelles, Samoa ... - I may be wrong.
Anyhow no matter what when you need a regular bank account for any company in the⁠ world you are forced to reveal UBO to the bank and because of CRS to⁤ your local tax man - this applies to Switzerland too - at least I was⁣ told that when I was looking for such a structure. Not speaking about bank accounts⁢ in the countries not participating in CRS - like Montenegro, etc.
Can you please explain︀ where I'm wrong?

 

[JohnK]

seems you are not wrong but it's going to be complicated to get a bank‌ account say in Montenegro without plenty of money and some kind of introducer!

 

[void]

My point was how can an expensive Swiss way be better than⁠ say Seychelles - I'll have to tell the bank the "truth" about UBO anyway.

 

[Verified Anony]

I am‍ very interested in Switzerland. can you tell me the detail? I signed up MG

 

[diablo]

What details are you looking for ? To‍ incorporate your business in Switzerland? If so, I have gone through the entire process already⁠ and can help you if you like.

 

[Snout]

could you get a passport by investment to somewhere and then open the o/s company‌ using that ID, use the company to buy the property?

 

[diablo]

Some by darks from Deep web others find people that may be homeless to get‌ around privacy matters!

 

[Javito]

You need to incorporate a Seyhelles Foundation,if you want to stay anonymous you can put‌ as founder of the foundation a charity.You can setup a Hong Kong company and open‍ an account with a bank in Hong Kong(you have to fly there to open an⁠ account with a serious bank HSBC,Citybank etc.)They don't have agreements for information sharing there.

 

[busdriver]

@Javito - Can YOU open a HK bank account for a HK company? I hear‌ it became difficult to impossible, especially with HSBC (was super-easy before)

 

[Remy]

Since october 2018, HSBC HK makes a review of all corporate accounts, offshore and HK‌ companies. You have to provide about the same documents than if you open a new‍ account, they call you also to have precisions about you and your companies 😡 That's boring.⁠