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Safest country to store my money at and setup offshore corporation?

Discussion in 'Business & Tax Advice' started by superaff1984, May 6, 2012.

  1. superaff1984

    superaff1984 Power Member

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    Where is the safest place to setup an offshore bank account. Where I could store my money and be sure to be protected.
     
  2. kshatriya

    kshatriya Regular Member

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    UAE? No tax, takes some effort(and some cost) to set up a company here but once you get it all set up, you should be good.
     
  3. superaff1984

    superaff1984 Power Member

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    What are good banks in UAE?
     
  4. kshatriya

    kshatriya Regular Member

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    Ever heard of dubai? It's a city in the uae.
    There are lots of banks here including international banks like HSBC, citibank, etc. However customer service here sucks.
    It's not too hard to set up a company under your name and get a company account here. Business costs are a bit high but no taxes, you can make as much as possible and no one will ever ask you your income etc
     
  5. Roparadise

    Roparadise BANNED BANNED

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    Companies located in the BVI(British Virgin Islands) do not have to pay taxes,and its a pretty safe place to store money.
     
  6. JACOb5

    JACOb5 Junior Member

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    safest place to store your money is under your bed.
     
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  7. tonilumces

    tonilumces Newbie

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    Albania!
     
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  8. bigfoot1

    bigfoot1 Regular Member

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    The Cayman Islands are great for that sort of thing.
     
  9. collegedropout

    collegedropout Registered Member

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    I wish I was making money to be storing anywhere, but someone mentioned Dubai... good place there.
     
  10. trustedfire9

    trustedfire9 Jr. VIP Jr. VIP Premium Member

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    send the money to me and i will store it for you
     
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  11. zebrahat

    zebrahat Elite Member

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    The Caymans have a agreement with the US about sharing data, or cooperating with investigations. The countries to safely store money are those that have NO such agreements, extradition treaties, or other understandings.
     
  12. infoasian

    infoasian Supreme Member

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    To understand offshore concept, you need to know most important rule: you need to have your bank in a different jurisdiction than your company. I.e. Company in BVI and bank account in Hong Kong.
     
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  13. CEPI

    CEPI Power Member

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    Nevis, Belize Trust, Cayman, BVI, Mauritius, Seychelles, Andorra. Depending on your opening balance let me know if you need help and I might be able to walk you into a shelf corp and private account with my contacts.
     
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  14. CEPI

    CEPI Power Member

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    This is true, but if things go to arbitration a Cayman attorney has to be appointed who is backed up like 3 years, and if the amount isn't into the multi-millions the US won't bother waiting on that attorney appointment in the jurisdiction. So yes, they will KNOW how much you have, but you won't get taxed until you bring it here. Just use an AMEX in the states, then pay your AMEX bill at the end of the month with offshore account. Can't get taxed for paying a liability. ;)
     
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  15. CEPI

    CEPI Power Member

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    Dude, forgot about HK, that is probably the best! They have no tax treaties with any nation and they allow you a VISA/Mastercard Debit, accounts are insured to $65K, their online banking is done in english. Good call, I need to get my stuff over to Hong Kong. I forgot all about it!
     
  16. axus_auto

    axus_auto Power Member

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    While you are at it, might consider Singapore too.
     
  17. infoasian

    infoasian Supreme Member

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    Very safe, but very expensive fees.
     
  18. akietta

    akietta Newbie

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    try Hong Kong
     
  19. BreakAllTheClocks

    BreakAllTheClocks Regular Member

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  20. peetu69

    peetu69 Junior Member

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    I can only recommend you those guys

    http://offshoresimple.com/

    From my experience i can tell they know their stuff, just contact them.

    However, be careful in this niche. There are a lot of scammers around so make sure they dont pitch you and run off with your money. I got everything i wanted from them, but i can not vouch for them with a 100% good feeling ;)
     
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