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Offshore company with low tax + Puerto Rico account

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Dizzl

New member
Hi,

I'm looking to draw down my crypto assets into an offshore company and pay tax on the money. I've looked around and seen the cheapest @ 1.5%.

I want to pay tax so I could never be accused of evasion, just avoidance at worst, plus I'd have a certificate proving tax had been paid.

Once here I can then invest in my other companies around the world.

For this I'm looking at using a PR account, which is not subject to the CRS.

I won't be drawing down all the time as I'll leave majority in crypto, but as and when I need to.

I will keep accounts for the company too, I want to run it as a proper entity, even if I have 12 transactions per year.

Can anyone recommend the best location to set the company up, with paying the least amount of tax.

Thanks
 

Tax Cow

Moo Moo! I contribute 60% of my milk to the state.
Montserrat for that.

Since the volcano eruption which swallowed their capital, the place has been largely forgotten. There are less negative associations; only the old timers who were offshoring in 80s and 90s remember the place.

Corp in Montserrat which elected a small tax instead of annual fees, and an account in San Juan for no CRS. Seems like a plan?

Enjoy!
 

Cetme308win

Entrepreneur
Montserrat for that.

Since the volcano eruption which swallowed their capital, the place has been largely forgotten. There are less negative associations; only the old timers who were offshoring in 80s and 90s remember the place.

Corp in Montserrat which elected a small tax instead of annual fees, and an account in San Juan for no CRS. Seems like a plan?

Enjoy!
Sounds interesting! How much taxes you pays for a Montserrat IBC or LLC? Sounds interesting as fuck
 

Tax Cow

Moo Moo! I contribute 60% of my milk to the state.
Sounds interesting! How much taxes you pays for a Montserrat IBC or LLC? Sounds interesting as fuck
Relevant law extract:

...
the company may, in respect of any calendar year subsequent to its year of
incorporation and in substitution of the licence fees under subsection (1)
hereof, elect to pay a corporate tax calculated at the rate of 1.75 per centum
of its net profit for that calendar year...
Source: International Business Companies Act (#3 under Companies)

 
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Tax Cow

Moo Moo! I contribute 60% of my milk to the state.
Tell more about....how it's privacy there? Where are u banking?
Corporate registry is quite transparent. For filthy stuff without utilizing smurfs, it's not the best. And if you're already up for smurfs/darks and fraud, Montserrat doesn't make sense. Then it would be better to go for U.S., France, Germany, etc. to appear as an onshore milking cow, instead of being the "possibly compliant tax payer" who found a way to reduce burden.

Smaller high street banks in the region work with Montserrat corps. Including some banks in Puerto Rico, Antigua & Barbuda, and Bahamas. I can mention a few options via PM, not in public, sorry. OCBC Singapore, CIM Suisse are some higher caliber options on the table.

And don't forget the usual: TW, and @Martin Everson 's favorite bank of all time EPB, also consider Montserrat IBCs. rof/%
 

Cetme308win

Entrepreneur
Corporate registry is quite transparent. For filthy stuff without utilizing smurfs, it's not the best. And if you're already up for smurfs/darks and fraud, Montserrat doesn't make sense. Then it would be better to go for U.S., France, Germany, etc. to appear as an onshore milking cow, instead of being the "possibly compliant tax payer" who found a way to reduce burden.

Smaller high street banks in the region work with Montserrat corps. Including some banks in Puerto Rico, Antigua & Barbuda, and Bahamas. I can mention a few options via PM, not in public, sorry. OCBC Singapore, CIM Suisse are some higher caliber options on the table.

And don't forget the usual: TW, and @Martin Everson 's favorite bank of all time EPB, also consider Montserrat IBCs. rof/%
I sent you a PM
I consider using EPB but I want more options I can choose....
We all know that EPB is safer than a UBS or credit suisse bank account but Im interested in other banks as well
 

Tax Cow

Moo Moo! I contribute 60% of my milk to the state.
Not bad @xzars really not bad. Thank you for your very helpful posts in this thread, I just wonder why you don't want to share the banks in this thread?
@Cetme308win recieved a reply with 2 banking options in addition to those mentioned.

The problem with me highlighting the less known small banks is the risk of uptick in scrutiny and harassment these banks may recieve. From the likes of FATF, OECD, other commie-like organizations. A shout out from an ex con launderer isnt't the best kind of advertisement a bank would like in this climate.

The ones I mentioned anyhow, are well known to everyone, on and off this forum. I'm just echoing the information that's already out there for years. They've been scrutinized so much that their compliance lays some of the tightest fish nets around. Small banks, the less known, may turtle-up and completely close down to non-resident businesses on the first sight of OECD logo. So that's why I'm taking a little caution. I want these options to be available for a little while longer.
 

Cetme308win

Entrepreneur
@Cetme308win recieved a reply with 2 banking options in addition to those mentioned.

The problem with me highlighting the less known small banks is the risk of uptick in scrutiny and harassment these banks may recieve. From the likes of FATF, OECD, other commie-like organizations. A shout out from an ex con launderer isnt't the best kind of advertisement a bank would like in this climate.

The ones I mentioned anyhow, are well known to everyone, on and off this forum. I'm just echoing the information that's already out there for years. They've been scrutinized so much that their compliance lays some of the tightest fish nets around. Small banks, the less known, may turtle-up and completely close down to non-resident businesses on the first sight of OECD logo. So that's why I'm taking a little caution. I want these options to be available for a little while longer.
I really understand you and appreciate all your help! I was reading this forum for years and It's always great to have some help from others
 
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