Hi!

I'm based in a non-specified western european country (EU member),
and I'm looking for a way to "push" my IM earnings abroad. Most of them are currently stuck in paypal, moneybookers and in checks.

I'm looking for a way to set up an anonymous PERSONAL offshore account (so not an offshore company). Any advice on reliable providers, countries, etc?
I was thinking of Panama myself, but I'm open to any proposals.
Also, I'm going to Montenegro in June, so if anyone has contacts/knowledge about Montenegrian offshore system, I'm very interested.

Thanks guys,

Seb

I can tell you where not to go, it was a mid 6 figure lesson for me. Lithuania.

Also when choosing find out what type of people use the same setup. I went where some well known spammers recommended, one of the worst choice I ever made. The bank isn't really the problem it's the middle man you choose, don't use someone that does setups for shady people. The old company you keep rule.

Originally Posted by lurnme

I can tell you where not to go, it was a mid 6 figure lesson for me. Lithuania.

Also when choosing find out what type of people use the same setup. I went where some well known spammers recommended, one of the worst choice I ever made. The bank isn't really the problem it's the middle man you choose, don't use someone that does setups for shady people. The old company you keep rule.

thanks. would there be any middleman you could advise?

Originally Posted by sebamann1

thanks. would there be any middleman you could advise?

This guy Madoff, seriously. I think everyone who saw him go down got the same idea, especially when dealing with people from other countries where they could just skip town and avoid jail. You have to look locally, there are plenty of ways to hide things in the us, you just can't be lazy about it.

If you want your money in cash, let it be in actual cash.

If you want it invested, why not make a personal loan to a business like a gym or restaurant in some city where it can be private but if you need to collect there is something there to collect from.

I personally own an offshore corporation + bank account in Panama. I used Panama Legal Offshore Services, they are a team of legit lawyers in panama who will hook you up. Not gonna lie tho, expenses got a bit high....I ended up flying there and spent a total of 5k on everything, including plane ticket and corporation creation.

If you contact POLS, make sure you talk to a guy named Pedro "Peter" Penalver.

you can still be found no matter where you hide your money,the feds just follow the money

Originally Posted by Spawn

you can still be found no matter where you hide your money,the feds just follow the money

Yeah but feds would have to subpoena the corporation in another country which would be quite hard to accomplish as different countries have different law.

Originally Posted by esoteric

Yeah but feds would have to subpoena the corporation in another country which would be quite hard to accomplish as different countries have different law.

They got the Swiss to bend over. And if they can prove you sent it there they can always estimate and charge for tax evasion. I think if you're doing that then the money has to come from there then funnel through via debit cards, if you don't mind a thousand withdrawls depending on your volume. There are tons of atms in the cities. If you're questioned on your quality of life and how it does not equal your job title you could tell them you had savings or a cash business.

Originally Posted by clopper

They got the Swiss to bend over. And if they can prove you sent it there they can always estimate and charge for tax evasion. I think if you're doing that then the money has to come from there then funnel through via debit cards, if you don't mind a thousand withdrawls depending on your volume. There are tons of atms in the cities. If you're questioned on your quality of life and how it does not equal your job title you could tell them you had savings or a cash business.

Yeah I agree, funneling through debit cards would definitely work. Also note to the OP: I noticed that epassporte.com is owned by an offshore bank......yes i know what you are thinking hehe. I believe it will work, but you might wanna dig into it a bit more.

Originally Posted by esoteric

Yeah I agree, funneling through debit cards would definitely work. Also note to the OP: I noticed that epassporte.com is owned by an offshore bank......yes i know what you are thinking hehe. I believe it will work, but you might wanna dig into it a bit more.

Cities are the best for this too, I sincerely believe that the guys that get caught are the ones that show off. I always think of DeNiro in Goodfellas where he is telling his crew not to buy anything.

Originally Posted by clopper

They got the Swiss to bend over. And if they can prove you sent it there they can always estimate and charge for tax evasion. I think if you're doing that then the money has to come from there then funnel through via debit cards, if you don't mind a thousand withdrawls depending on your volume. There are tons of atms in the cities. If you're questioned on your quality of life and how it does not equal your job title you could tell them you had savings or a cash business.

I like your idea but im not sure because im from the UK and atm on all my debit cards i have a limit of 300 pounds which i can withdraw from cash machines withing 24 hours. My parents have cards which can withdraw a max of 500 but they can use as much as they want in shops. So im not sure about other countries but if you dont have limits then it would work.

What about just registering an offshore corporation and then paying yourself for bogus work and use local corporation you registered to do the work. So all your money goes to the offshore corporation then from your country corporation you sign an invoice for say Seo work etc. Then you pay your self a 100k or whatever a year salary to just pay for car mortgage etc and let the rest of the money stay safe offshore. Even if you get in a divorce you'd have most of your assets safe granted you didn't tell your wife about your earnings and setup/

Your in the UK.

Unless your making millions seriously just who gives a fuck.

Hop over to swissquote, set up a swiss savings account and put your savings there. To be honest the UK inland revenue service is shit. I was briefly investigated and nothing came of it.

Dont worry about getting taken to court because your just not worth it. When you are making millions you will be in private banking and have your own advisers so dont stress it until then.

Originally Posted by Snapmybutton

Your in the UK.

Unless your making millions seriously just who gives a fuck.

Hop over to swissquote, set up a swiss savings account and put your savings there. To be honest the UK inland revenue service is shit. I was briefly investigated and nothing came of it.

Dont worry about getting taken to court because your just not worth it. When you are making millions you will be in private banking and have your own advisers so dont stress it until then.

i just have this ridiculous tendency not to want to pay a dime in taxes

Originally Posted by sebamann1

i just have this ridiculous tendency not to want to pay a dime in taxes

I'm the same way kinda. I just hate to see my local government chase away businesses and then raise taxes on the remaining ones, then they leave and in turn they raise taxes on my income and when my peers leave my taxes go up yet again.

I think the best way is to pay something small or participate in some sort of tax shelter. If you really plan on enjoying your money and not living in a trailor while you have thousands or millions in some bank somewhere then someday someone will find out and the taxing authority is going to burn you for it, especially now since they are more than likely almost broke or already broke.

Best bet is to pay something and fly under the radar and not go 100% blackhat about it and lose it all.

Originally Posted by Limelike

I like your idea but im not sure because im from the UK and atm on all my debit cards i have a limit of 300 pounds which i can withdraw from cash machines withing 24 hours. My parents have cards which can withdraw a max of 500 but they can use as much as they want in shops. So im not sure about other countries but if you dont have limits then it would work.

That limit is set by the card holding bank - not the ATM itself.

To stop someone finding / stealing your card and PIN and taking 10k out the ATM in one shot - this is why they set daily limits.

What I do is have ALOT of bank accounts and when I get a large amount of funds into one account I spread the funds over the sub accounts then take my max daily bank limit from each card in a different ATM each day.

I then place the funds in a security box in a banks vault under a fake alias. then can trace the money to the ATMs then the trail goes cold..... unless your really into highly illegal stuff and moving a SHIT load of money around they will leave you be ... well that is what I have seen in the past..

(foot note: I am not a legal guru and the advice given above is what works for me - if you try it - you can't hold me liable for any action taken against you)

Thanks for reading.

Be advised that if the economy continues its downhill slide, even the UK govt may be more inclined to locate offshore tax avoiders. Here in the U.S. for example, our govt recently had an amnesty program where tax avoiders could give up their offshore hiding without being thrown in jail. The U.S. has pressured several countries, including Switzerland to give up the names of account holders having offshore $$$, and they did...

Check this out and read every article - www.panamalaw.org

I never realized that people having Panama banks were so exposed to any dirtbag that comes along (even from out of the country) and files cuit against them. The so called safe Panama Banks will freeze those assets instantly and leave you hanging.

Every book I have read says to diversify. Even in the US if you have over 25 foreign accounts you do not have to report them. Weird.

Supposedly Singapore, Australia, Austria and Switzerland are the safest.

Flinx

Originally Posted by sebamann1

i just have this ridiculous tendency not to want to pay a dime in taxes

I havent paid income tax in...forever.

This is one of those questions that is difficult to answer without knowing more specific information.
How much money is involved?
Why do you want to move it abroad?
How soon do you want this done?

There are so many alternatives, some already mentioned in this thread. Daily withdrawals from ATMs is one. Another is earning through a corp here, and then paying the rest for 'services' to a corp in a low tax jurisdiction. In the UK, laundering through casinos ... there is no tax on gambling earnings. Etc Etc.

Whatever method you choose will cost you. Your specific situation will determine just how much it costs you. If you want to go hard core, you could just live abroad for tax purposes, while spending a helluva lot of time in the UK.

Originally Posted by Dutchess

That limit is set by the card holding bank - not the ATM itself.

To stop someone finding / stealing your card and PIN and taking 10k out the ATM in one shot - this is why they set daily limits.

What I do is have ALOT of bank accounts and when I get a large amount of funds into one account I spread the funds over the sub accounts then take my max daily bank limit from each card in a different ATM each day.

I then place the funds in a security box in a banks vault under a fake alias. then can trace the money to the ATMs then the trail goes cold..... unless your really into highly illegal stuff and moving a SHIT load of money around they will leave you be ... well that is what I have seen in the past..

(foot note: I am not a legal guru and the advice given above is what works for me - if you try it - you can't hold me liable for any action taken against you)

Thanks for reading.

you can just call and request an increase for the atm withdrawals.