Question How to withdraw money? LLC

[Kirada]

Hello, I have an LLC and a bank in the United States. I live in France and I would like to know how I can withdraw money anonymously without my country of residence knowing.
I would like to withdraw 10k per month.

Thank you in advance

 

[KDX]

Read about CRS & AEOI

Chances are there is some kind of automatic reporting going on

 

[Kirada]

Read about CRS & AEOI

Chances are there is some kind of automatic reporting going on

Thank you for your answer. The United States has not signed the CRS and does not report the information

 

[KDX]

Thank you for your answer. The United States has not signed the CRS and does not report the information

If its not CRS its gonna be some other system like FATCA etc

 

[Sols]

It's true the US has not signed CRS. That's because they already had FATCA, which is many years older than CRS and does the same thing.

Historically, US has been slow to reciprocate under FATCA, i.e. they were receiving but not sharing information. This has been improving over the last few years, with more data flowing out of the US into other countries, primarily EU. So it's quite likely that France has already or will soon know about your account.

It's not too late to do the right thing and declare your income to the tax authority.

If you want to be somewhat within the law, you could relocate to a tax haven, set up tax residence there, establish tax non-residence in France, and take out your profits. But that might not be legally possible either, depending on how long you have been committing potential tax fraud in France.

 

[Kirada]

It's true the US has not signed CRS. That's because they already had FATCA, which is many years older than CRS and does the same thing.

Historically, US has been slow to reciprocate under FATCA, i.e. they were receiving but not sharing information. This has been improving over the last few years, with more data flowing out of the US into other countries, primarily EU. So it's quite likely that France has already or will soon know about your account.

It's not too late to do the right thing and declare your income to the tax authority.

If you want to be somewhat within the law, you could relocate to a tax haven, set up tax residence there, establish tax non-residence in France, and take out your profits. But that might not be legally possible either, depending on how long you have been committing potential tax fraud in France.

I just started so I haven't had a salary yet, thank you for your answer, I think it's the best thing to do.

 

[startfleetio]

The US is not in the CRS and do not share automatically with treaty countries, but it will upon request. Some European countries are even issuing request for John Doe summons. Tread carefully here, especially you are from France. There was a very recent case involving a french citizen with a US LLC.