1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Is it still possible to open your IBC and bank account with 'John doe' info?

Discussion in 'Business & Tax Advice' started by mightydropship, Feb 10, 2013.

  1. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    I know the offshore formation business has changed a lot and the KYC rules are much stricter these days. But would it in any way be possible to get a setup with 'john doe' UBO info? If you know how to do this then be my guest and send me a message or write your thoughts here. Just to clarify. This is not done to hide from the tax man, but to hide my identity due to content/dmca lawsuits. A basic Seychelles setup with nominees isn't secure enough. I have read some posts on this forum from very experienced people within this area and I hope some of you will help me out :)
     
  2. bryanon

    bryanon Executive VIP Premium Member

    Joined:
    Oct 16, 2009
    Messages:
    1,395
    Likes Received:
    1,479
    I'll be subscribing to this thread to see if anyone has any smart ideas but to the best of my knowledge, something like this hasn't been possible for quite a few years already. The only exception here is using an unlicenced bank (there are some in Northern Cyprus, for instance) but obviously this involves massive risks as the bank can disappear together with your money any day and jurisdictions like this typically provide no insurance.
     
  3. yostra

    yostra Newbie

    Joined:
    Dec 29, 2012
    Messages:
    24
    Likes Received:
    7
    I read that there is massive client transition from swiss banks to luxemburg because some swiss banks started cooperating with US regarding tax frauds and Luxemburg don't give a shit about US authorities
     
  4. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    If you just want to keep your name off the bank records, just create a corporation, get a friend to serve as officer, and open a bank account in the corporate name.

    It's a lot easier than going to Singapore (or whatever).
     
  5. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    I have been approached by a few companies claiming they can do this with scans of john doe documents - does it seem likely to be true? they're referring to a Seychelles ibc with Cyprus bank account.
     
  6. ContentLockPro

    ContentLockPro Power Member Premium Member

    Joined:
    Nov 7, 2012
    Messages:
    723
    Likes Received:
    129
    Having lived in Cyprus for some time I can absolutely confirm that this isn't true. Cypriot banks are very thorough when it comes to Due Diligence and always require your documents to be notarized, should you not want to show up at the bank in person.

    Something to bear in mind though is that these companies often actually resell accounts from banks of Northern Cyprus, rather than the Republic of Cyprus. Banking in this country should be avoided by all means, though, as it's a country that is under occupation, not recognized by any other country in the world (except Turkey) and as such, there is very little banking security and your funds can "disappear" any day with a very limited amount of insurance payments from the government (which, too, can disappear any day).
     
  7. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    Thank you for the input and insight. The company that has approached me explained that their have a lawyer that will notarize the scans of the required docs to open the bank accounts. And he says this can be done with several large Cyprus banks?
     
  8. almir

    almir Power Member

    Joined:
    Jul 11, 2008
    Messages:
    728
    Likes Received:
    229
    That's true, I have a friend there and he was talking me about that and that it is their main economic strategy nowadays.

    No more high level bank secret stuff in Switzerland and that made lot of people to turn to Luxembourg.
     
  9. Furious George

    Furious George Supreme Member Premium Member

    Joined:
    Dec 13, 2012
    Messages:
    1,437
    Likes Received:
    2,176
    There's still a trail here. That's not what these fellas are talking about. What happens when you run out of friends, or when your friend doesn't want to do time for you?
     
  10. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    Having a trail isn't really the issue. The OP just wants to keep his name off the bank account to pass a cursory search.
     
  11. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    The trail is also important since it would point towards me if deeply investigated. And there can be nothing pointing to me. So actually paying anonymously for the setup is a challenge we're also working on :O I understand you got the impression because I wrote the thing about the taxation. It was primarily to keep the focus on anonymity and not zero taxation as the usual primary need.
     
  12. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    So basically you know you are going to get sued for whatever it is you are going to do, and wherever the money is going will be frozen and aliened.

    Good luck with that.
     
  13. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    burnett4congress: It's not so simple. I know that we'll receive heat at some point down the road. But actual suits aren't the common in this line of business. It will be hard to take this to court in US.
     
  14. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

    Joined:
    Nov 10, 2012
    Messages:
    10,115
    Likes Received:
    28,557
    Gender:
    Male
    Occupation:
    Fun Lovin' Criminal
    Location:
    London
    Home Page:
    Last edited: Feb 13, 2013
  15. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    You can also do the same thing with trustees when your attorney is your trustee and can invoke attorney-client privilege.
     
  16. worldbh

    worldbh Registered Member

    Joined:
    Jan 5, 2012
    Messages:
    61
    Likes Received:
    21
    Occupation:
    Self Help Website Designer
    Location:
    USA
    The country or countries where you want to do business do not matter because there is a legal way to create an LLC that issues "Bearer Shares" where the person or entity that holds those shares is the legal owner. So, if those shares are stolen then the one in possession of the "Bearer Shares" becomes the legal owner. So, tough luck if they are stolen. Further, if the LLC is sued and a judgment is issued the LLC manager simply makes a note of it in the records and the likelihood of someone collecting on the judgment is almost ZERO.
     
    Last edited: Feb 20, 2013
  17. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    Worldbh: I'm not sure what you're referring to? My original post or?
     
  18. mightydropship

    mightydropship Newbie

    Joined:
    Jan 21, 2013
    Messages:
    26
    Likes Received:
    1
    burnett4congress:
    Thank you for the input,

    I have read up on a trust route - very interesting!
     
  19. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    How are those accounts in Cyprus working out? Lol