Client Request - Non-Standard Payment for Seychelles Company Formation

[frascaro]

I have a client who has made a peculiar request that I am struggling to resolve. My initial inclination was to decline immediately, but then I considered this forum as a potential source of assistance. Consequently, I informed her that it is highly unlikely to be feasible, but I would explore improbable solutions, primarily to preserve our professional relationship given that she is a valuable and affluent client.

This client is determined to establish a minimum capital company in the Seychelles but refuses to pay for related services (specifically, the resident agent) via bank transfer. She insists on an alternative payment method, such as Bitcoin. I have explained that blockchain transactions are nonetheless traceable, but she remains adamant about avoiding bank transfers.

Her proposal is to locate a trustworthy individual, completely unknown to her (which is inherently contradictory), to whom she would transfer cryptocurrency (including stablecoins). This individual would then forward the funds, retaining a pre-agreed percentage, to the chosen resident agent,typically a Seychelles-based company,to cover the full cost of company formation (approximately USD 1,500, she indicated).

Could anyone provide guidance or assistance with this matter, or must I ultimately give my client a negative response?

 

[aniglo22]

Just drop her as a client .
You are just wasting time with her and Time == Money .

 

[daniels27]

If the coins are clean, why don't you get her money into your bitcoins and then send the money + 10% to the agent? I mean she is already paying you. How that?

 

[TheCryptoAnt]

sounds like a money mule with extra steps

 

[Martin Everson]

Her proposal is to locate a trustworthy individual, completely unknown to her (which is inherently contradictory), to whom she would transfer cryptocurrency (including stablecoins). This individual would then forward the funds, retaining a pre-agreed percentage, to the chosen resident agent,typically a Seychelles-based company,to cover the full cost of company formation (approximately USD 1,500, she indicated).

Lol...she doing all that over just $1,500???

Could anyone provide guidance or assistance with this matter, or must I ultimately give my client a negative response?

Yup...Dump the client.

No money is worth jail time for facilitating money laundering.

 

[ilke]

What is she trying to achieve? Just pay Seychelles formation fees using crypto?

 

[daniels27]

No money is worth jail time for facilitating money laundering.

But how is she paying you?

@Martin Everson from how I percieve this, @frascaro runs some company like Appleby (Guernsey). They are no Corporate Service Provider but still sell companies and advise clients about this. For that, they rely on underlaying CSPs that do the incorporations for them and they pay their CSP directly. Would it not be possible that @frascaro, who already is getting paid by his client, receives the incorporation fee the same way he is getting paid and then subcontracts the registered agent completely legal?

 

[Martin Everson]

@Martin Everson from how I percieve this, @frascaro runs some company like Appleby (Guernsey). They are no Corporate Service Provider but still sell companies and advise clients about this. For that, they rely on underlaying CSPs that do the incorporations for them and they pay their CSP directly. Would it not be possible that @frascaro, who already is getting paid by his client, receives the incorporation fee the same way he is getting paid and then subcontracts the registered agent completely legal?

If someone comes to you says the below proposal. Then you deserve everything that comes your way after that. There is more red flags than an Chinese parade to proceed with such a person. I always ask myself if things go pair shaped could I stand in front of a public prosecutor and defend my actions knowing all this and yet proceeded...lol? No client is worth your freedom but each to their own.

Her proposal is to locate a trustworthy individual, completely unknown to her (which is inherently contradictory), to whom she would transfer cryptocurrency (including stablecoins). This individual would then forward the funds, retaining a pre-agreed percentage, to the chosen resident agent,typically a Seychelles-based company,to cover the full cost of company formation (approximately USD 1,500, she indicated).

 

[daniels27]

If someone comes to you says the below proposal. Then you deserve everything that comes your way after that. There is more red flags than an Chinese parade to proceed with such a person. I always ask myself if things go pair shaped could I stand in front of a public prosecutor and defend my actions knowing all this and yet proceeded...lol? No client is worth your freedom but each to their own.

Well, I think we have seen things worse than that before. But yes, I agree on that. But maybe, then next time, OP could offer the incorporation himself for 2000 USD in any shitcoin of his choice right from the bat and then be well off?

 

[frascaro]

What is she trying to achieve? Just pay Seychelles formation fees using crypto?

This may present an effective solution.

 

[frascaro]

If someone comes to you says the below proposal. Then you deserve everything that comes your way after that. There is more red flags than an Chinese parade to proceed with such a person. I always ask myself if things go pair shaped could I stand in front of a public prosecutor and defend my actions knowing all this and yet proceeded...lol? No client is worth your freedom but each to their own.

Well, I think we have seen things worse than that before. But yes, I agree on that. But maybe, then next time, OP could offer the incorporation himself for 2000 USD in any shitcoin of his choice right from the bat and then be well off?

First, I want to thank you all for your responses. While they were very personal, they helped me understand your understandable positions regarding my rather unusual request.

Unfortunately, this specific situation is anything but normal. My client,or rather, my friend,is dealing with a significant problem involving her ex-husband, who has recently become violent. I don't know if any of you have seen those movies, mostly American, where women are subjected to violent husbands, enduring severe abuse but unable to break free? Sadly for us, and especially for my friend, this isn't fiction; it's a harsh, brutal, and despicable reality.

I initially didn't want to share these details. From the beginning, I promised myself I would handle this anonymously and without seeking pity from busy people like yourselves, which is why I limited my initial post to what you see above.

However, last week, despite successfully hiding from her husband for almost three months, she was found again, and this time, she ended up in the hospital.

Unfortunately, here (and please don't ask me where), the law offers no help to women,none at all. We have to help each other. If I were to make the payment on her behalf, I would then become the target of her violent husband, and we certainly don't want that, do we?

So now, I'm asking you,please,can you offer some good solutions?

Thank you from all of us.

 

[wellington]

Nope.

 

[daniels27]

So now, I'm asking you,please,can you offer some good solutions?

You send us the 2000 and each one of us sends 1 to them?

Or you'll send them from Wise or something where the sender is just Wise and not your name.

Or you set up a US LLC and send it from there?

Maybe also help you friend to move to another country. With her post she has good chances for asylum.

 

[Martin Everson]

So now, I'm asking you,please,can you offer some good solutions?

Nope.

You must think ppl are stupid.

 

[DomOCT]

Could she pay the fees via Western Union?

 

[daniels27]

Could she pay the fees via Western Union?

Why?

The whole story does not make any sense anyway. Why would the husband see from which account the money came to the registered agent in the first place?