What's considered the best way to keep private the UBO in 2020?

[whereami]

If you're breaking the law and they⁠ can find you, yes.

But there are other reasons for anonymity other than breaking local⁤ laws.

If you are in the business of international commerce it can be nearly impossible⁣ to satisfy every government and every lawyer in the world.

Anonymity gives you the leverage⁢ to operate. It doesn't allow you to be a criminal but it can make international︀ operation feasible.

 

[JohnLocke]

I could not‍ agree more. Don't use such tools to break the law but use them to make⁠ business easier.

 

[djaheim]

Swiss Banking Privacy as we know it , it's long gone.

 

[clemens]

LoL I think it is obvious for @Admin but it was a leading question‍ rof/%

You want to go the DARK's way if you can, this is the only way⁠ today to stay under the radar with the risk involved of course.

 

[Crosby3]

I am wondering how long a darks route can be kept alive.
Probably if you‌ have company+EMI set up with credit card you can spend it on dinners/rolexes etcetera. But‍ you would not be able to buy a house.

So I am more interested in⁠ the end game: How to transfer the money in the dark setup to a new⁤ onshore EU business without paying a load of taxes.

 

[Crosby3]

Yes, but that’s a bridge too far for me.

I would like to live a‌ comfortable life in Western Europe and provide for my family.
When children are involved it‍ is not so easy to pack up and leave.

 

[djaheim]

There is a
There is a guy on youtube he⁤ calls himself nomad capitalist who claims he has legal ways of reducing taxes and gettting⁣ second passports etc. look him up he however does everything by the book.

 

[Crosby3]

Mmm.. looking at the female team members and the way they pose on the site‌ it looks more like a honey trap to me :0) Off course never judge a‍ book by the cover but statistically he has a bit too many attractive ladies working⁠ there than average.

 

[JustAnotherNomad]

Nomad capitalist is a fucking idiot. The articles are not well researched. Lots of negative‌ reviews about that guy.

 

[djaheim]

You cant trust a vegeterian. 🙂

 

[djaheim]

Wouldn't give him a dime, but‍ he makes too much noise , so if anyone gets anyting credible from this dude⁠ maybe they can share.

 

[JustAnotherNomad]

As far as I know, NC is a marketer/introducer. He takes your money, then he‌ gives you the contact details of his partner lawyer (who pays him a commission). He‍ doesn’t actually offer advice - so if this stuff doesn’t work out, you can sue⁠ him.
Disclaimer: I haven’t worked with him, but if you have just some knowledge, you⁤ will see that the articles are really poorly researched. The only purpose is to make⁣ you give him your money. I bet the average person on this forum knows more⁢ about international taxes than him.
Also just go to:
Nomad capitalist scam dot Com

 

[Crosby3]

I am probably thinking too simple here but what about:

Setting up 4 US LLC‌ companies, each in different state? (NM, NV, DE, WY)? These would in theory be anonymous,‍ I haven't look into the details yet.
Set up a UK Ltd. with these 4⁠ LLC's as shareholders. This would be below UBO registration treshhold.
Option 1: (Set up a⁤ friend as director and have him open a TW / EMI account for the Ltd.)⁣
Set up a further company structure in EU with friend as director.
Option 2: (Set⁢ up a friend as director and have him open a TW / EMI account for︀ the other EU company)

Seems to easy so that's why I check what I have︁ missed.

 

[JustAnotherNomad]

Don’t you have to disclose the UBO for the LLC’s? If it’s the same person,‌ then you’re above the threshold again?

 

[Crosby3]

Yes, that is the‍ let's say dark grey area of the structure.
I assume if you can not trace⁠ the UBO, the person highest rank in company becomes pseudo-UBO. That means the director would⁤ be UBO on paper.

"New Mexico Anonymous LLCs have the strongest privacy. New Mexico⁣ is the only state that does not require disclosure of the owners of an Anonymous⁢ LLC to the state"

 

[djaheim]

Bearer shares as we know them are dead. even jurisdiction that have them⁠ are compiling a register for owners. Las time i checked, only Vanuatu had them. So⁤ look there if you interested

 

[AndersonDrew]

Marshall Islands was the last one of⁠ these. I think in 2018 they abolished it after giving in to high tax countries.⁤ It was difficult to open up an account with them.

 

[blockchain4ever]

So their idea is to make the keeper of the⁠ registry a law firm and use attorney-client privilege to keep it confidential? I have my⁤ doubts, but if it works in the US, it could work in other offshore jurisdictions.⁣ It would probably not be confidential to the IRS, and the IRS would share with⁢ other jurisdictions in case of a non-US owner. It would be interesting to know what︀ case law exists for this in the US.

 

[justnew]

can't trust anyone when it comes to tax evasion don't even the most icy⁠ gangster support lawyer

 

[AndersonDrew]

Basically no law exists as US lobby⁢ is controlled by Big powerful banks are not going to let this sweet honey for︀ foreign owned accounts go away simple as that. I doubt you have any worries until︁ the US gets someone like Bernie Sanders and I doubt he would be President of︂ USA.