It's a strange situation I got into and a horrible situation I had a local business venture which worked out great for me. The bank was willing to lend me 600,000 EURO for my project so I was able to grow my business. The problem now is, 4 years after, I owe more than 2 million EURO to banks and other creditors which I have been able to lend money from and buy goods on credit! I have been banned in my country to run a company again and I'm registered in a public register like "Schufa in Germany" so I can't do nothing. So how can I run a business again? Would you say that if I can rise the money to setup a Cyprus company and use an EMI account it would be my outbreak of this hell? Any help would be much appreciated. This is not about tax evasion, not about to avoid tax, I'm happy to pay tax locally.