BVI blacklist

[sebminblow]

Hi ,
i heard that BVI in now under the blacklist in EU from today ,

i have a question :

in case a company in BVI has a sole ubo and director which is a resident in EU and tax payer in EU
the BVI company bank account is in Liechtenstein

will the owner will be able to withdrawals dividends from the BVI company normally to his EU bank account ?

thank you for your help in advance

 

[Martin Everson]

i heard that BVI in now under the blacklist in EU from today ,

Correct it is now on EU blacklist.

Common EU list of third country jurisdictions for tax purposes

The list is a result of a thorough screening and dialogue process with non-EU countries, to assess them against agreed criteria for good governance. These criteria relate to tax transparency, fair taxation, the implementation of OECD BEPS measures and substance requirements for zero-tax countries.

taxation-customs.ec.europa.eu

in case a company in BVI has a sole ubo and director which is a resident in EU and tax payer in EU
the BVI company bank account is in Liechtenstein

will the owner will be able to withdrawals dividends from the BVI company normally to his EU bank account ?

Yes as long as EU bank does not get cold feet. However most EU banks will just choose to limit business or even terminate business as the extra checks they have to do may not be worth the effort or their internal policy may just bar blacklisted countries. See below for what the EU black listing means.

P.S EU blacklisting is not that powerful or respected outside EU. Its pretty much there to stop EU money going through those countries and its institutions.

---- quote start

What sanctions apply to the blacklisted countries?

The EU list has a real impact, as a result of both EU and national measures applied to blacklisted countries. First, the EU list is linked to EU funding under specific provisions in the Financial Regulation and in the European Fund for Sustainable Development (EFSD), the European Fund for Strategic Investment (EFSI) and the External Lending Mandate (ELM). Funds from these instruments cannot be channelled through entities in listed countries. Direct investment in these countries (i.e. funding for projects on the ground) is still allowed, to preserve development and sustainability objectives.

Second, there is a direct link to the EU list in other relevant EU legislation. For example, under the EU transparency requirements for intermediaries, a tax scheme routed through an EU listed country is automatically reportable to tax authorities. Countries on the EU list of non-cooperative tax jurisdictions are also prioritised for screening in the process for drawing up the EU's anti-money laundering list. The public Country-by-Country reporting proposal also includes stricter reporting requirements for multinationals with activities in listed jurisdictions. The Commission is examining legislation in other policy areas, to see where further consequences for listed countries can be introduced.

In addition to the EU provisions, Member States have agreed on sanctions to apply at national level against the listed jurisdictions. These include measures such as increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.

--- quote end

 

[wellington]

darn, anyone want a shelf bvi company?

 

[Forte]

Interesting, how now EU banks will consider transactions of BVI companies? For example, a BVI company from its Cyprus bank account wants to pay to an EU company, or wants to pay to an UAE company.

 

[Fred]

Interesting, how now EU banks will consider transactions of BVI companies? For example, a BVI company from its Cyprus bank account wants to pay to an EU company, or wants to pay to an UAE company.

BVI Company with Cyprus Bank Accounts in 2023?

I don't believe in this story - sorry.

More likely all the high risk laundromat EMI's in the UK and Lithuania rate you now as high risk and charge you 500 EUR per month instead of 250 EUR.

 

[Forte]

BVI Company with Cyprus Bank Accounts in 2023?

I don't believe in this story - sorry.

More likely all the high risk laundromat EMI's in the UK and Lithuania rate you now as high risk and charge you 500 EUR per month instead of 250 EUR.

Can you recommend a laundromat in the UK, please?

 

[maxmoney]

Can you recommend a laundromat in the UK, please?

Interesting to know.

 

[mickey]

BVI Company with Cyprus Bank Accounts in 2023?

I don't believe in this story - sorry.

More likely all the high risk laundromat EMI's in the UK and Lithuania rate you now as high risk and charge you 500 EUR per month instead of 250 EUR.

I got the same opinion. But EMI's are anything than good laundromats they are laundromats for their owners but not for their clients. Due they close down any accounts at anytime mostly even faster than Paypal.

Can you recommend a laundromat in the UK, please?

You seems to stand on the wrong side of the fence.

But there are two ladders I use and some of my associates for more than a decade now:

1. The cyrpto exchangers: When somebody wants to send you a wire/swift/iban transaction buy cryptos of the same value on an exchange and give him the wire/swift/iban-transaction details of the crypto-seller. All crypto exchangers have escrow, so no risk to get scammed. Be sure that the money goes directly to the private crypto-sellers bank account and NOT to a bank-account of the exchange (due these could fail at anytime like FTX). When your clients have sent the money you receive the equal amount in cryptos as payment. Suitable for small and larger volumes.
2. The online casinos: When somebody wants to send you a wire/swift/iban transaction buy virtual online casino chips and give him the wire/swift/iban-transaction details of the casino. Play a little bit with the money and initiate a payout via crypto. Suitable for smaller volumes below 1000$.

 

[Forte]

You seems to stand on the wrong side of the fence.

Don't take everything too seriously I just wanted to support @Fred's joke about calling the UK/Baltic EMIs laundromats It is obvious that those EMIs are laundromats just for the owners and their close circle.

 

[jryan54]

darn, anyone want a shelf bvi company?

Maybe shoot me a message

 

[uplana]

Don't take everything too seriously I just wanted to support @Fred's joke about calling the UK/Baltic EMIs laundromats It is obvious that those EMIs are laundromats just for the owners and their close circle.

You think Wise is the same ? I don't think so!

i heard that BVI in now under the blacklist in EU from today ,

What does it change= I don't believe much!

 

[Mike Forman]

You think Wise is the same ? I don't think so!


What does it change= I don't believe much!

It doesn't change that much, BVI is and always will remain a red flag in Europe. Only being black listed, banks will be be even more stringent to any transfers from and to BVI and government tax filings in some countries shall include all transfers from and to this BVI, which is a guaranteed visit from tax authorities

 

[hernanday]

darn, anyone want a shelf bvi company?

Yes, price?

It doesn't change that much, BVI is and always will remain a red flag in Europe. Only being black listed, banks will be be even more stringent to any transfers from and to BVI and government tax filings in some countries shall include all transfers from and to this BVI, which is a guaranteed visit from tax authorities

Why not just take the money in cash?

 

[nasdaqtradfiguy]

darn, anyone want a shelf bvi company?

Is it still available?

 

[uplana]

It doesn't change that much, BVI is and always will remain a red flag in Europe. Only being black listed, banks will be be even more stringent to any transfers from and to BVI and government tax filings in some countries shall include all transfers from and to this BVI, which is a guaranteed visit from tax authorities

A good reason why you want to orm it with fully anonymous nominee services and not in your personal name, check mentor group gold for more info if you are uncertain about how to go about it.

Is it still available?

it was a joke!

 

[Jbb1]

I got the same opinion. But EMI's are anything than good laundromats they are laundromats for their owners but not for their clients. Due they close down any accounts at anytime mostly even faster than Paypal.


You seems to stand on the wrong side of the fence.

But there are two ladders I use and some of my associates for more than a decade now:

1. The cyrpto exchangers: When somebody wants to send you a wire/swift/iban transaction buy cryptos of the same value on an exchange and give him the wire/swift/iban-transaction details of the crypto-seller. All crypto exchangers have escrow, so no risk to get scammed. Be sure that the money goes directly to the private crypto-sellers bank account and NOT to a bank-account of the exchange (due these could fail at anytime like FTX). When your clients have sent the money you receive the equal amount in cryptos as payment. Suitable for small and larger volumes.
2. The online casinos: When somebody wants to send you a wire/swift/iban transaction buy virtual online casino chips and give him the wire/swift/iban-transaction details of the casino. Play a little bit with the money and initiate a payout via crypto. Suitable for smaller volumes below 1000$.

Most of the binance P2P sellers and casinos check that the transfer comes from the same name as the account holder.

How did this worked for you?

 

[mickey]

Hello, well this approach worked about 5 years ago. Since then I never tried it again.
It is possible that more and more exchanges check the owner of the Sender-Accounts right now.