Offshore Holding - EU/UK Billing Company

You can setup this completly anonymous with darks, typically it is possible in the UK, Cyprus and Seychelles - the problem most face now a days is the requirement to send original documents the agent, so, darks as we know it is not possible.

Another method is mentioned here offshorecorptalk.com/threads/privately-spend…ssible.29544

Sh0w3n said:

Thanks for getting back to me. I didn't know that agents require the original documents, do I actually have to send the physical ID to the seychelles? Well then using the real ID of some bum is the only option.

I can not believe they would require you to send your passport to the Seychelles... but I am here to learn.

Crosby3 said:

I can not believe they would require you to send your passport to the Seychelles... but I am here to learn.

They'll ask you to certify a copy of passport with a notary (+ apostille, but it depends on your country) and don't forget about a proof of address.

Depending on your budget, you can have a real nominee from Romania, Bulgaria , Estonia for 5000 euro a year
a real person, who can make verification

Sh0w3n said:

Finally part of the mentor group - first post in here. ;-)

I would like to request a little help regarding a few things I have thought about. I will ask the questions I have at the very end.

The Goal
I would like to be tax-free on some of my income whilst being completely anonymous. So nothing new, just the everyday miracle.
I would like to sell my services (programming, consulting, web) to various companies, as I am currently already doing it. So a completely legal business, somewhere between 10-100k a month, depending on how much is possible with the system. It's only B2B, only between 10-30 different customers. I am living in Germany and currently I am not able to leave Germany to change my residency. Once I have the money, I would like to cash it out in any way possible, whether it be crypto (then to cash) or directly withdraw it with a credit/debit.

To make it short:
- 10-100k a month
- Only b2b, 10-30 different customers
- all of the customers are from Germany and Netherlands

The Plan

Step 1: Opening a Holding in Seychelles/Belize/Panama
Opening a company there, nominee Directors, Nominee Shareholders. Since there are no registries for the ,real beneficial owner' in the Seychelles, my name would not be visible. But since the agent/bank need documents, I would either need fakes or darks (hobos, alcoholics from Germany or buying them on the internet). Since most countries will most likely reject invoices for consulting from a 0-tax-country, I would need a company in a well-respected country. That leads to step 2.

Step 2: UK LLP / US LLP
Company from Step 1 would open up the Company from Step 2. Since we will need a real person to open up the company/bank account, I would use the same info I have used on step 1. The money will either we withdrawn through a profit transfer agreement, or simple invoicing. (Option two is billing companies like Winglio, though I haven't heard anything about them before.

Questions I still have on my mind:
- Q1: Since I will receive the payments through normal bank transfer, I would need an EMI (Advcash, Transferwire?) with an IBAN capable of receiving the money. Am I able to open such an account with darks / fakes in June 2020?
- Q2: Since I want to transfer the funds to the Holding offshore afterwards, my question 1 applies for this as well.
- Q3: Is cashing out with a debit/credit from these EMIs possible?

Of course, this is just the beginning of my learning journey. I have also tried to keep it as short as I can. Can you experts let me know your concerns? The biggest Problem I see is the EMI. Is everything possible with fakes / dupes?

I have no problems with doing this process in a churn and burn style - opening companies, cashing in a year, opening the next set of companies.

Thanks

did you find a solution? i live in the Netherlands and dealing with the same challenge. if you want to chat, drop me a message on my profile, maybe we can learn from each other.

jumio1 said:

Depending on your budget, you can have a real nominee from Romania, Bulgaria , Estonia for 5000 euro a year
a real person, who can make verification

do you mean for the holding company? @jumio1

I have the same situation, someone from the forum proposed the below, can you please confirm / critique?

1. open a nominee UK company where I invoice my clients (tax mitigated end of year apparently)
2. open a holding company in my name (where should I do this?)
3. eventually move to a no/low tax country and cash out (how do I cash out? it has to be salary/dividend in order to eventually use it somewhere legally, right? and what country is it best to move to do this?)

@Martin Everson do you perhaps have some advice on this?

I think not everyone needs an offshore solution like it has been proposed. For volumes below 100k euro, I think you can manage this in a simpler way. I say this because all the dark setups are for people that have funds that are delicate. Taking a hit is part of the business.

I wouldn't recommend something like that to someone with a legit business. You can go into cash in your hand by paying someone to do it. How they do it is another question maybe.

OTC tables are a start.

otcable said:

I think not everyone needs an offshore solution like it has been proposed. For volumes below 100k euro, I think you can manage this in a simpler way. I say this because all the dark setups are for people that have funds that are delicate. Taking a hit is part of the business.

the volumes will be below 100k this year, but above from next year onwards

what is the simple way that you would suggest?

otcable said:

I wouldn't recommend something like that to someone with a legit business. You can go into cash in your hand by paying someone to do it. How they do it is another question maybe.

what do you mean by this? i'm not following sorry

otcable said:

OTC tables are a start.

sorry what are OTC tables?

appreciate your reply!

osz90 said:

@Martin Everson do you perhaps have some advice on this?

The OP is not in the Mentor Group any more it seems 😕

Sorry what you want me to help you with? conf/(% Please start with your objective so I understand what you are trying to achieve.

Martin Everson said:

The OP is not in the Mentor Group any more it seems 😕

Sorry what you want me to help you with? conf/(% Please start with your objective so I understand what you are trying to achieve.

Sorry, I wrote it earlier but to sum up:
I have the same situation as the OP, I live in a high tax EU country, can't leave for now, but would like to have some of my income tax free.

Someone from the forum proposed the below, can you please confirm / critique?

1. open a nominee UK company where I invoice my clients (tax mitigated end of year apparently)
2. open a holding company in my name (where should I do this?)
3. eventually move to a no/low tax country and cash out (how do I cash out? it has to be salary/dividend in order to eventually use it somewhere legally, right? and what country is it best to move to do this?)

osz90 said:

1. open a nominee UK company where I invoice my clients (tax mitigated end of year apparently)
2. open a holding company in my name (where should I do this?)
3. eventually move to a no/low tax country and cash out (how do I cash out? it has to be salary/dividend in order to eventually use it somewhere legally, right? and what country is it best to move to do this?)

I can't see this working in practice at all. Step 1 as a nominee company you are still UBO (person of significant control) in UK company register and with bank. Why step 2?

Martin Everson said:

I can't see this working in practice at all. Step 1 as a nominee company you are still UBO (person of significant control) in UK company register and with bank. Why step 2?

I guess to move the money into a low tax country and eventually move there, pay it out.

If you don't see it working, do you have an alternative solution perhaps?

Well you can either:

1. Wait until you are able to move to low tax country (recommended)

2. Setup a undeclared second residency in a low tax country and sit in your home country (not recommended for obvious reasons).

For example a second residency in Dubai would cost you under 10,000 euros a year all in:

gofreelance.ae/
AED 7,500 Permit (Annually)
AED 2,000 Establishment Card (Annually)
AED 3,900 Residency Visa (3 years incl. Medical Test, Visa Stamping, Emirates ID Card)
AED 10,000 Health Insurance (Annually)
AED 17,000 Studio Apartment (Annually)

AED 40,400 Total (9,300 Euros for 1 year)