Help Needed: SVG LLC & DR Bank Setup – Discreet GBP Payments & Tax-Efficient Flow (UK Resident)

[quantora]

I’m looking for advice on tightening up my offshore structure and payment flow. I will try and keep it brief. I have currently set up the below with the idea of charging consulting fees via payment gateway that accepts GBP payment.

Entity

• LLC incorporated in St Vincent & the Grenadines
• Personal USD account opened in the Dominican Republic (non-CRS jurisdiction)
• No corporate DR account yet,direct payments to my personal DR account are ideal as it is Non-CRS for UK residents.

My Objectives:

1. Discreet GBP Payments: Want a merchant-gateway (hosted link/button) that accepts GBP cards and settles in USD → my DR account. Must be non-FCA, private, low-profile.
2. Minimal Withholding/Reporting: Avoid DR WHT and CRS reporting.
3. Clean KYC: Satisfy gateway & bank due-diligence without oversharing personal data.

Questions:

• Which offshore-friendly payment gateways (besides Payoneer) offer truly private GBP→USD payouts into a DR personal account?
• Does my current doc setup (SVG LLC + DR personal account) present any red flags to banks or gateways?
• Any structural tweaks (DR SRL, trust, nominee arrangements) you’d recommend to boost privacy or efficiency?

Appreciate any guidance, real-world experiences, or provider recommendations. Go easy on me, this is my first post. Thanks in advance!

 

[daniels27]

In short, you are a UK resident and are getting paid offshore and are illegally not paying taxes in the UK? Do you think that this is a smart idea?

I honestly really do not think so. Why? Because if there is ever some data sharing agreement, they will be announced in year x, data sharing starts in year x+2 going back 5 years. Hence, they will get data for a whole 2 years that you have no prior knowledge about. And once, they are at it, they will go digging further.

If you want this to work, I would recommend using nominee directors and maybe even shareholders.

 

[quantora]

In short, you are a UK resident and are getting paid offshore and are illegally not paying taxes in the UK? Do you think that this is a smart idea?

I honestly really do not think so. Why? Because if there is ever some data sharing agreement, they will be announced in year x, data sharing starts in year x+2 going back 5 years. Hence, they will get data for a whole 2 years that you have no prior knowledge about. And once, they are at it, they will go digging further.

If you want this to work, I would recommend using nominee directors and maybe even shareholders.

I didn't say I would not be paying taxes? the main purpose of the structure is privacy not to avoid taxes. (obviously I will ensure taxes are reduced as much as possible, legitimately)

 

[daniels27]

I didn't say I would not be paying taxes? the main purpose of the structure is privacy not to avoid taxes. (obviously I will ensure taxes are reduced as much as possible, legitimately)

Ok, thanks. But you would have to report the company and its income to the HMRC. Hence, I am a bit worried how this works, but you could in theory claim the money to be self-employment income etc.

 

[quantora]

Ok, thanks. But you would have to report the company and its income to the HMRC. Hence, I am a bit worried how this works, but you could in theory claim the money to be self-employment income etc.

That is a fair point, but I meant from a public register point of view. If I report the company to HMRC then it will should still remain private from being public information.

The only issue with self-employed is the tax will be significantly higher, especially as I already have an income. Therefore has to be done as a company (corporate tax)

Would using a fiat to crypto payment gateway like Cryptomus be of any benefit?