Hello,
Currently residing in Europe, I have the option to leverage my colleague based in Malta. My profession as an IT Consultant involves providing services to approximately 150-200 companies, predominantly in the United States, with an annual payment (one payment) ranging from $1000 to $5000
These payments are disbursed once a year, mostly during the same month. While I have no immediate plans to utilize these funds, my intention is to convert them all into cryptocurrency.
My attempts with Delaware-based companies encountered challenges, particularly with the receipt of 150-200 ACH transactions through platforms like Mercury or Relay, leading to potential suspensions. Additionally, the business activities associated with converting funds into crypto on platforms like Kraken were met with scrutiny.
I am open to the idea of not using my own company, opting for a nominee or alternative, with the primary goal of facilitating seamless conversion and providing clients with an IBAN or ACH for payments.
I've come across information suggesting that a UK LTD with a nominee structure could be a viable option. However, there's a concern about the requirement for a person of significant control (PSC), which ideally should be kept private. Are there any suggestions or alternatives to address this concern?
Appreciate any insights or ideas you may have on this matter.
In summary:
1) I require a company, preferably with an anonymous structure, that incurs minimal taxes.
2) I anticipate receiving 150-200 payments, mostly within the same month, ranging from $1000 to $5000 each.
3) I have no immediate plans to utilize these funds; instead, they will all be converted into cryptocurrency. The conversion will likely occur through an exchange, followed by a transfer to a cold wallet.
Currently residing in Europe, I have the option to leverage my colleague based in Malta. My profession as an IT Consultant involves providing services to approximately 150-200 companies, predominantly in the United States, with an annual payment (one payment) ranging from $1000 to $5000
These payments are disbursed once a year, mostly during the same month. While I have no immediate plans to utilize these funds, my intention is to convert them all into cryptocurrency.
My attempts with Delaware-based companies encountered challenges, particularly with the receipt of 150-200 ACH transactions through platforms like Mercury or Relay, leading to potential suspensions. Additionally, the business activities associated with converting funds into crypto on platforms like Kraken were met with scrutiny.
I am open to the idea of not using my own company, opting for a nominee or alternative, with the primary goal of facilitating seamless conversion and providing clients with an IBAN or ACH for payments.
I've come across information suggesting that a UK LTD with a nominee structure could be a viable option. However, there's a concern about the requirement for a person of significant control (PSC), which ideally should be kept private. Are there any suggestions or alternatives to address this concern?
Appreciate any insights or ideas you may have on this matter.
In summary:
1) I require a company, preferably with an anonymous structure, that incurs minimal taxes.
2) I anticipate receiving 150-200 payments, mostly within the same month, ranging from $1000 to $5000 each.
3) I have no immediate plans to utilize these funds; instead, they will all be converted into cryptocurrency. The conversion will likely occur through an exchange, followed by a transfer to a cold wallet.
