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LLC + Bank Account: Legit Advice Or Bunk?

GoWest

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Mar 17, 2018
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Hello,

I was getting advice from someone on how to open a company and receive money by wire anonymously.

He suggested opening a company offshore (no information exchange there allegedly) and opening a business bank account at a fintech (no CRS information exchange for "active trading companies", allegedly).

Is this legit or bullishit advice?
 
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In theory, it is possible. But it will be very difficult to get a bank account without CRS, espcially with a fintech. He most likely wants to earn money with you. When you then apply for the bank account and get rejected, he will then say, that it was not under his control and keep his money.
 
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I think it could work. He opens a company in Syria and a bank acocunt for it in Haiti. And then have a proper manager in Burkina Faso while the CTO sits in Djibuti with the CFO in Lesotho and the CIO in Niger. I think in this case it probably would work and nobody would care. As long as the UBO is in Pitcairn.

@GoWest what countries are we talking about and what do you want to achieve?
 
I simply want to receive a low 4-figure each month from a company for services rendered.
Yes, and your friend wants your money. I want to spend time with my dog
saint-bernards-bernhardiner-2025-16-monatskalender.webp
 
Anyone who could answer my (maybe rather dumb) question?

There’s nothing wrong with your question the problem is just that you’re about 20 to 30 years too late. There isn’t a single bank that doesn’t comply with CRS meaning your account will be reported to your local tax authorities.

You might find an EMI or neobank that still doesn’t report but I wouldn’t count on it.

As for an offshore company forget about it with the small amount you’re expecting the costs alone would be higher than what you’re receiving and in the end you won’t get what you’re hoping for.

I can only say the same as everyone else the advice you got is wrong and outdated.

As mentioned above you would have to go back many years to when this was possible for small amounts.
 
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