Recent content by Shadow Atlas

Correct me if I'm wrong, but I assume that I understood you very clearly: you, uplana, have a passport in country A, and then you buy a second citizenship in country B, legally do a name change, and you never use citizenship B to travel; instead it becomes your "personal nominee", under which...

The "acting as your own nominee" service can eventually become a more viable solution, only if there is a solution to biometrics. Practicaly all of the advice in this field relies on the names being different, and thus not trigerring automatic bank reporting, which works only insofar if you kid...

I think what CrazyPanda and to some extent, myself, feel is that your information is presented as a "turnkey" solution, where if you have a Panamanian company, you can cash out into Dubai, without a case-by-case approach. From my personal experience, most company setups where there is no real...

I have the same question- how do you move the USDT into the bank account? I.e. I doubt DBS or whatever HK bank accepts crypto directly from the Panamanian business; did we miss something?

Having spent two months in the TRNC last year, I completely agree with @Sols. Northern Cyprus has been used to get around CRS for the past few years. Its banks (HalkBank, TürkBankası, GarantiBank, and the "prestigious" Turkish BNP Paribas subsidiary, TNB) are owned by Turkish institutions...

Just to give us all a comparison: Ethereum reached a peak of 1.09 million daily transactions a few months ago. It is currently valued at 226 billion. That valuation is compared to both VISA and Mastercard, who both have ~260 million and ~200 million transactions.... per day. We live in such...

You can consider the unrecognized country of Northern Cyprus. The reason why it's interesting is because it can't share information with your German government via Common Reporting Standards, due to Germany not recognizing that it exists. It is easy to move cryptos into banks, tax free. And...

Great tip. Even 2 million TRL is a bargain. I'm asking myself whether HSBC Turkey accepts crypto transfers, which are legal and quite unrestrictive in Turkey. I would assume no, because HSBC in other countries is quite stringent on cryptos.

How can you get a US LLC without accounting? You must file tax returns in the US for an LLC...

If you can actually set up a bank account for an inactive LLC, then it makes it invaluable... an inactive company is useless unless you can open a bank account.

The Corporate Transparency Act killed the U.S. LLC for foreign owners who want to obfuscate their beneficial ownership, which from what I understood is what OP is looking for. Unless you have a way of getting around it... but from what I've seen, the only feasisble exemption if for inactive...

But you're posting about not reporting your cryptos for years... which is technically a crime. Just ask Roger Ver who's currently sitting in your Spain, waiting to be extradited to the U.S for "tax evasion" (which is bs). I don't have a problem with you protecting yourself from govt. aka mafia...

You can look into Northern Cyprus. It's an unrecognized country, so your home country can't get any information on you (the only country that it exchanges info with is Turkey). Get residency there, and then later you can move the cash from there. The banks here are Turkish subsidiaries, so you...