US LLC + Italian citizenship
- Thread starter Zio Silvio
- Start date
WIlling to take the risk with #1: Unlikely to be discovered using nominee framework but if you are, it's bad news for you.
not only that... all the beneficial owners forms too... eg. the new FINCEN BOIR, the 5472/1120, bank accounts signatures etc
also you'll have the issue of spending your money. and having nothing in your name if you need proof of income / source of funds in future (e.g. relocation, visas, investments/bank accounts etc)
I've heard plenty of stories where people with llcs just wired 5 digits to their italian bank account and got caught that way rof/%
also you'll have the issue of spending your money. and having nothing in your name if you need proof of income / source of funds in future (e.g. relocation, visas, investments/bank accounts etc)
I've heard plenty of stories where people with llcs just wired 5 digits to their italian bank account and got caught that way rof/%
A single trace of anything will get you in troubles. For example, any payment in for LLC, o receipt of anything from LLC.
Nominee can even declare you somewhere as UBO , even you not knowing.
It's really big risk.
I don't believe you can really erase all traces these days. These times long gone. With all KYC, UBO, AML, FATCA, CRS requirements...
If nominee would get in trouble he will just give you in
Nominee can even declare you somewhere as UBO , even you not knowing.
It's really big risk.
I don't believe you can really erase all traces these days. These times long gone. With all KYC, UBO, AML, FATCA, CRS requirements...
If nominee would get in trouble he will just give you in
He cannot own nor control the money. Only the nominee director can. And then, he can only transport paper money from Lugano to Italy to spend the money. But if that is the only alternative, then he can try it. I am just not sure how easy it is to find a nominee director for such criminal setup.
It's easier just build some company in low tax jurisdiction with substance. Maybe UAE...
Or even in Caribbean maybe is possible to find something cheap having connections
But as you said nobody will want to engage in such set-up
Sorry for bumping an old thread, but since I'm trying to understand how US LLCs work, I'd like to add my two cents. It's actually quite easy to get a fake ID, even one with a working chip. The real challenge is the video verification””if the OP managed to buy such an ID (even for an imaginary person) and passed the verification himself, that's a different story.
However, in my opinion, the risks are extremely high. That would cross the line into document forgery, not just a tax-related offense””especially in Italy, or if the OP has already passed some biometric verifications elsewhere.
However, in my opinion, the risks are extremely high. That would cross the line into document forgery, not just a tax-related offense””especially in Italy, or if the OP has already passed some biometric verifications elsewhere.