Question is simple. Are European tax (Slovenia, Ukraine, Germany) authorities able to contact Caribbean authorities and ask for detailed documentation of the company? Especially, will they be able to check the UBO of Caribbean company?
UK gave a deadline of end of 2020 but latest report is they negotiated until 2023 before public ownership registries in all BOT's must be implemented.Even Nevis Company may be compromised? Are we talking about years as "soon" or rather months?
They do but not always successfully as nominees can be used and sometimes no UBO can be found on record although that has changed.Thought tax authorities may not be really into going so far.
He wanted to know specifically about Caribbean. Jersey is Channel Isles.@Martin Everson You left out Jersey,
The local registered agent and hence government has to know the UBO. The issue is they don't want to put any of that info on a public registry. However the UK expects them to copy its lead by making the UBO data public information that is freely searchable like it is now in the UK.@@Martin Everson I though that the UBOs are not in the register? Hows that? I was told it's only for nominees.
They do collect the information. They have a separate register for UBO and its not public register. Jersey managed to do this thats why they are still afloat as a very strong offshore centre. So Trust companys and service providers do collect the info but the UBO is on a separate non public register. They categorically wont make it public.do you confirm that they collect UBOs in register?
Good informations and what are the offshore countries less collaborative with eu member state? With good and reliable banks aswell?Yes off course, but not without going via their court system unless they have an information sharing agreement in place. Keep in mind that the Caribbean islands that are a British Overseas Territory (BOT's) are expected to soon have full records of all UBO's that the UK government will have access to this. So a backdoor request by those 3 countries to UK to obtain data is possible for a cross border offense as EU governments collaborate on tax matters.
Some Caribbean BOT's:
British Virgin Islands
Turks & Caicos
There are none. Offshore islands tend to be former colonies or territories of european countries i.e their either Dutch colonies, British colonies or French colonies etc.Good informations and what are the offshore countries less collaborative with eu member state? With good and reliable banks aswell?