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]

diablo said:
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 😉
Click to expand...

Any serious suggestions?

 

[Milky Moon]

qez said:
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.
Click to expand...

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 you approx 5-8K CHF per year (nominee director), so you better buy a very expensive house 🙂

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

 

[JohnK]

Milky Moon said:
cost you approx 5-8K CHF per year (nominee director), so you better buy a very expensive house
Click to expand...

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]

Milky Moon said:
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.
Click to expand...

this seems to be valid!

 

[qez]

Milky Moon said:
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 you approx 5-8K CHF per year (nominee director), so you better buy a very expensive house 🙂

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

Thanks for your suggestion.

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

 

[Milky Moon]

qez said:
Thanks for your suggestion.

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

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

 

[void]

Milky Moon said:
Switzerland offers the only legal way to have UBO secrecy.
Click to expand...

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 explain 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]

JohnK said:
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!
Click to expand...

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]

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

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

 

[diablo]

Verified Anony said:
I am very interested in Switzerland. can you tell me the detail? I signed up MG
Click to expand...

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.