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OFFSHORE Bank Accounts (NOT A MONEY MAKING GUIDE)

Discussion in 'Business & Tax Advice' started by heiny, Mar 15, 2009.

  1. heiny

    heiny Regular Member

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    Wasn't entirely sure where to post (hopefully won't get in trouble), but the problem is...I'm looking to open a bank account / company "offshore" where laws and regulations aren't what is followed most places, e.g. Cayman islands etc.

    The problem is I'm dragging in the "bacon" and the "bacon" is getting shredded by the tax-department. I guess it is "blackhat" to be avoiding tax as much as possible, so my question is; how do I start up a company & bank account without being present in Panama or Cayman islands?

    I'm sure I'm not the only one who is on this track to be doing so, so hopefully one of you can post some info of some "offshore" methods :)

    -Thanks in advance :cool:
     
  2. pauluk

    pauluk Registered Member

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    Where are you from? if your from the uk i can tell you a few places to start looking?
     
  3. heiny

    heiny Regular Member

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    I'm in Asia
    It just has to be offshore. Any offshore would do and the procedure on how to set it up would be much appreciated, e.g. if youve tried to set it up yourself

    Thanks :)
     
  4. berrycorp

    berrycorp Guest

    go for sechells ..... it will work perfectly with the time zone too...

    heard nice things bout hongkong too but... i never tried it myself.

    bank accounts are in a mess these days.... normally u could have gone for austria etc but they all cracked open.. even m looking for a solution to the bank account thing...

    i dont like the bank accounts in sechells

    but i dont think u need to worry about the austria thing... u in ASIA!
     
  5. zoux

    zoux Registered Member

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    if you live outside US you have severals options, all these news we heard are mostly again US resident/cititzen
     
  6. dating101

    dating101 Regular Member

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    Well, a US contigency such as this would be very valuable.

    I am DEFINITELY interested in moving some money to an offshore account as well. But, unfortunately, my only frame of knowledge in offshore accounts came from watching too many movies!

    Any and all suggestions that could help USA biz people who are tired of the rhetoric from Capitol Hill, and the financially driven, political butt rape would be EXTREMELY appreciated!
     
  7. xgnux

    xgnux Regular Member

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    Be careful these days with offshore banks...not the smartest idea to put money offshore when even big banks with names have to close
     
  8. photoads

    photoads Regular Member

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    I have a contact in Gibraltar who can set everything up where ever you like. PM me for his details he's a good guy very savvy.
     
  9. pasdoy

    pasdoy Power Member

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    I only have to say these UK bank will never be affrai off running out of money. They have more actif than bank of america + citi themself.

    If you wanna have more security go to UK offshore.
     
  10. nam6641

    nam6641 Supreme Member

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    if you set something up in cayman they have no legal obligation to report to IRS so how would uncle sam find out?

    only issue i can see is when you need to cash out. you can't transfer it into a US bank account... might have to fly there and withdraw cash.
     
  11. magicman8585

    magicman8585 Newbie

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    I think you are mistaken mreleet

    tax evasion is Illegal, but tax avoidance is not.

    don't believe me ask a lawyer or Google our just read it all here en.wikipedia.org/wiki/Tax_avoidance_and_tax_evasion
     
  12. MsMoneyMagnet

    MsMoneyMagnet Registered Member

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    You make an excellent point. Definitely consult with a good accountant or tax attorney. I just read an article that the IRS is cracking down heavily on offshore accounts. I would like to have posted the link to the article but alas, my puny amount of past posts do not permit me. :(
     
  13. Freddie

    Freddie Registered Member

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    If you are a US citizen your only real choice would be to leave the US and renounce your citizenship and it would probably not be a good idea to return for a visit after you have renounced.
     
  14. Freddie

    Freddie Registered Member

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    Your accountant is required by law to rat on you about your suspicious activity.
    Given the sting operation and rat culture in the US (there are people who make their living by ratting alone) it would be stupid for your accountant not to rat on you because if he doesn't report you (and they find out) HE can be in trouble.

    Is that a risk you want to take?
     
  15. Twins2222

    Twins2222 Regular Member

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    If you want to receive your payments annoymously with bank and ATM cards attached and without any paperwork then my ONLY suggestion is for you to contact me. ttys :-D
     
  16. farfetchedmoney

    farfetchedmoney Regular Member

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    Is this legal mods? All his post is the same...pm me, contact me, etc