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Opening bank accounts in Tax heavens states

Discussion in 'Black Hat SEO' started by seo4life, Apr 14, 2013.

  1. seo4life

    seo4life Regular Member

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    I hope I can post this, if not please delete this post

    I was thinking of opening bank account in tax heaven country and do all my business through them.

    I was thining about cooks islands, or british virgin islands?

    And just transfer everything there with paypal on the fly

    is anybody doing this? Is paypal complaining?
     
  2. madxseo

    madxseo Junior Member

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    interested as well with this plan..
     
  3. theseodude

    theseodude Regular Member

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    i was thinking about the same thing the other day. hope to hear some responses.
     
  4. infoasian

    infoasian Supreme Member

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    The idea of offshore accounts is to not leave any trails. PP will be a huge piece of tale against you. Anyhow, PP will only allow to send money to accounts in US and your country of residence. They won't allow payments to third countries.
     
  5. infoasian

    infoasian Supreme Member

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    oh ... most offshore banks are interested in wealthy customers, only. They won't bother with new clients who have less than 50k or 100k in liquid funds.
     
  6. seo4life

    seo4life Regular Member

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    I have around 90 k cash, so you think they will not accept me?

    You would open company there, and also use paypal as company I presume?
    And have some third person to be as a contact of that company and you have all the rights

    But what are the interests here, that is what I am interested, are they better then inflation?
     
  7. GiorgioB

    GiorgioB Supreme Member

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    just set up a company in one of these 'havens' (not heavens). Hong Kong is good (you have to go there in person though.. but worth it)
     
  8. Furious George

    Furious George Supreme Member Premium Member

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    this won't get you past the tax reporting requirements for USA paypal accounts

    plus

    This is a terrible idea. Paypal will limit your account in a heartbeat.
     
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  9. infoasian

    infoasian Supreme Member

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    Sure, that's a good plan. Have a nice trip to Hong Kong.
     
  10. steelballs

    steelballs BANNED BANNED

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    George is right on these issues regarding the IRS for US citizens...

    I am a UK citizen but have been out of the tax loop abroad for over 20 years and I use a number of banks in many locations...

    What to remember in these times where banks think nothing of giving account holders a 'Haircut' as in Cyprus, is that your money is never safe in a jurisdiction where banks take your money and lend it to people and companies and they never pay back. NPLs None Performing Loans and on top of that the banking sector is often corrupt from the top down as happened with HBOS in the UK...

    I would never dump say 90 grand into one account - spread it over 4 banks is much safer take note seo4life...
     
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