Will there be a problem?

[JustAnotherNomad]

FFLC said:
What if the home country company is a partnership which no audit required in this case, just simply report earning.
There will be around 10K per month moved from BVI EMI to its Bank account. Report as consultancy fees.
Click to expand...

Yes, you can bet that there will be some sort of audit eventually. They will check that the numbers you report are correct.
And consultancy fees are a big red flag. And the banks will report you to your home country under CRS.
This won't work.

 

[EliasIT]

OP where did you setup your company and did you start the process already? If not, I would look into a Georgia company and ask to get an account for the company in Georgia or use Transferwise.

Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.