Recent content by Denny

Swiss banks (a couple of them, I am pretty sure that it is a common policy), Cyprus bank (BoC, Eurobank)..And I heard about the same issues with Barclays. Thats what I personally experienced recently. Do you have a different experience? Which reliable banks now easily pass payments without...

Yes, please: Arrangements to deceive as to beneficial ownership will not be upheld - Al Tamimi v Al Charmaa [2017 | Ogier The Royal Court also noted that it would not, in any event, have upheld such an arrangement on the basis that it would be contrary to public policy. The Court considered...

I think what they are willing to claim is that they will report only to the jurisdiction where you company is incorporated if your company has more than 50% of "active profits". Otherwise if your company is "passive" they will also report to your jurisdiction as you are the beneficial owner of...

TO hide the UBO you will need some fiduciary services; however note that even if you have all documents (privately!) that such person acts as a beneficial owner for your interest, there is a risk that some day you will lose everything. Within a month or so I beleive that some court in Jersey has...

Actually most banks nowadays ask questions about the nature of payment. In practice it is usually necessary to provide the bank with a loan agreement; the loan should involve accrual of interest; also the bank may require a pledge or sequrity. UNLESS you confirm that you and your friend (or your...

For this purpose you may need to appoint a protector which would stop the council from doing stuff which is against your wishes. Also as far as I know in Panama the coulncil could consist only of one legal entity (director actually) and that director could be your company incorporated in Belize...