I beg your pardon for the slang in the title but I run out of characters

Back on topic: say I live in Europe (i.e. Greece), I open a bank account in Switzerland and I send there money made through US affiliations (i.e. Clickbank), do I really need to set up an offshore company to be safe? Do US based affiliation companies disclose informations to other nations tax agents?

I guess you need an offshore company when you run a "proper" business (i.e. an e-commerce site) and you have to directly deal with customers, but is it really necessary in the case aforementioned?

Thanks in advance to anyone that can contribute or share useful resources on the subject.

Anyone?

Your Swiss bank is the one more likely to disclose your bank details. If it's a personal account, then it will be covered by the EU Swiss information sharing agreements. But if it's a company account it's doesn't apply (at least it didn’t the last time I checked).

Originally Posted by Frankie4Fingers

I beg your pardon for the slang in the title but I run out of characters

Back on topic: say I live in Europe (i.e. Greece), I open a bank account in Switzerland and I send there money made through US affiliations (i.e. Clickbank), do I really need to set up an offshore company to be safe? Do US based affiliation companies disclose informations to other nations tax agents?

I guess you need an offshore company when you run a "proper" business (i.e. an e-commerce site) and you have to directly deal with customers, but is it really necessary in the case aforementioned?

Thanks in advance to anyone that can contribute or share useful resources on the subject.

How do you open bank account to Switzerland? can you do it online? Do you get CC for your bank account?

Banking regulations change often and banks are becoming more secure with how they operate. It may not be necessary but in most cases it takes a citizen or someone with a state issued identity to open a bank account and keep it "safe". Although, the safety of your account is at the discretion of the bank.

1. Don't violate anything if you don't have too
2. Ask your affiliate company, or another one that you don't belong too to be safe, if they report to the bank accounts country or the country of the register. In any case it would more likely be your country, since you are registering and the payment details are just where to send the money. Not who is paying taxes

If it is to avoid taxes, open a Inc in another company, have that be the operator of the affiliate account and have the money go to the bank account in that designated country. Wire the money back home and you'll be fine.

Not that simple.

You should never wire money to your home country.