Holding Company Jurisdiction

halaba said:

Having German or Russian (just by ancestry) passports, living in eastern europe.
Currently involved in 8 companies (USA,UAE,Libya,AZ...) in some sort of "own nothing, control everything" schema, but in an unsafe matter.

Ok Russian passport and Libya company :( . I would skip these two for now in any structure whether Libya company involvement is obscured or not.

halaba said:

My "I would like's" are:
1. A little asset protection
2. Non-public UBO register
3. Annual costs below $4k
4. Possibility of international banking (e.g. Switzerland); +$5 million assets in first year
5. Low/Zero withholding/dividend tax & territorial cooperate income tax or zero

Well your not asking for much here at all are you? Considering for holding activity in an offshore tax neutral location these days your gonna need to pay for local Economic Substance to meet rules not sure how far $4k will go. Even in a Trust structure you may struggle.

I would firstly lower your expectations in terms of your wish list.

halaba said:

I don't know why i mentioned the russian passport, haven't used that anywhere except for visa free travel.
Even my private bank which makes 70% of intl profits in russia ironically, said last week I better don't report them the 2nd citizenship or they may close my accounts, no consequences for not reporting apparently o_O.

Haha, for real? You ask the banker if they need to update the profile with your Russian passport and he goes like "Oh I could not hear you, by the way if someone had a Russian passport he would be better off not mentioning or compliance may have to close that account"? Hilarious.

Do you do any business in EU? If you do or plan to return to Central Europe soon, Nevis and similar classic offshore places may be not a good idea. If no relation to EU, maybe you can try.

Local nominee director may be fine until the first tax audit; after that maybe not... The office-administrator-staff you mentioned above is safer since you can afford it.

halaba said:

Hi,

looking for a good location for a holding company (or trust).
Having German or Russian (just by ancestry) passports, living in eastern europe.
Currently involved in 8 companies (USA,UAE,Libya,AZ...) in some sort of "own nothing, control everything" schema, but in an unsafe matter.

As I might want to return to central europe somewhen, I'm wondering about the legality of such a holding/asset management structure.
Is it "fine" just to have a local director, in order for the company to be tax resident there?

My "I would like's" are:
1. A little asset protection
2. Non-public UBO register
3. Annual costs below $4k
4. Possibility of international banking (e.g. Switzerland); +$5 million assets in first year
5. Low/Zero withholding/dividend tax & territorial cooperate income tax or zero

---
I've read a lot of positive things about Nevis, but also a few bad things, what's your opinion on it, as an EU citizen?
Nowadays there are not many options for an EU citizen to do shady stuff, so I don't mind the reporting, if everything is legit.

did anything come about from this? please update us