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Non public UBO within EU for privacy

Boman

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Aug 31, 2020
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Hi!
I want to start a company with hidden UBO inside the EU.
There is no problem giving out the UBO to tax authorities and banks etc. I just don't want my name to show up in the public register for my competitors to see.

My lawyer presented me the solution to create a Malta trust but said it would cost around 15.000 euro for the setup, is there any other (cheaper) way?
I have plowed through the forum and can't really find any other solutions.

Do you have any ideas? I am an EU citizen, living inside the EU and the business will be done inside EU.
 
Have a read of the thread from a couple of days ago UK LLP for total anonymity, true?,

You will find some opinions there.
Thanks for the tips, though with Brexit and insecurity of using a firm such as rentacompany I think my only real solution is a trust.

Does anyone know any EU contries where trust formation is comparably easy?

There is no public registry of the UBO in Cyprus at this time.

Sure this may be true but they have still passed 5AMLD so it doesn't look too bright, but really thanks for the tips! Have you heard anything about how soon they will go public?
 

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