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Form and run offshore company, earn from it but without being registered in it?

O

opopopop

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Jun 30, 2022
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#1
Hi,

I'm curious if its feasible to form a company where someone else will be registered as the director,owner, shareholder and so on without me being registered in the company at all, yet i will manage it and do all activity .
Its mainly for privacy reasons.


if yes, the main question is if i can get somehow dividends from it or better to ask how will i remmit the earnings from such company to myself?

Thank you
 
#2
The most common term for this is nominee director (where someone other than you act as director) and nominee shareholder (where someone other than you holds the shares of the company).

But you remain UBO (Ultimate Beneficial Owner), so you are still disclosed to any financial institutions the company opens accounts with (and thus is reported back to your home country, subject to CRS) and your identity is known or knowable to the government where the company is formed.

Your name doesn't appear directly on any of the company documents, though, so it depends on exactly you're looking to achieve.
 
#3
Sols said:
The most common term for this is nominee director (where someone other than you act as director) and nominee shareholder (where someone other than you holds the shares of the company).

But you remain UBO (Ultimate Beneficial Owner), so you are still disclosed to any financial institutions the company opens accounts with (and thus is reported back to your home country, subject to CRS) and your identity is known or knowable to the government where the company is formed.

Your name doesn't appear directly on any of the company documents, though, so it depends on exactly you're looking to achieve.
Click to expand...
Thanks for the reply.

The payments will be in crypto only, so no UBO in any financial institution.

The question is, if I do not appear on any of the company docs, how do i justify getting money from this company?
 
#4
opopopop said:
The question is, if I do not appear on any of the company docs, how do i justify getting money from this company?
Click to expand...
You mean when you cash out the crypto and you are asked about Source of Wealth?

There are different ways to do this depending on where the company is incorporated. But in essence, you have a trust deed, nominee agreement, or similar with the nominee shareholder whereby you become the recipient of dividends directly from the company or from the nominee.
 
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