Opening bank account in the name of trust/foundation/IBC

I'm still working on coming up with a solution to trade and invest on foreign brokerages that generally forbid Americans. While I am aware of options with solo 401k and business trust IRA structures, I'll also need to use an IBC to make money that isn't going into a retirement account. I think the thing I get hung up on is making sure a bank account is in the name of the legal entity. The brokerages want to know that the legal entity registering is not purely american.

It seems to lean towards needing a nominee incorporation structure with nominee shareholders/directore/registered agent. I want to try a Jersey bank or Madeiran bank, one that is fine with a EMI like wirex or even just a wire from kraken, not to mention forex and outright security brokerages. I think I just keep getting mixed up on what it is these banks want to see in order to open an account for an 'entity'. I am guessing without the nominee structures to hide my UBO status the brokerages won't be as keen, that as well has been really challenging. Although I do plan to get d7 visa status in Portugal, and eventual permanent residency (requires 5 years or quarter million dollar investment).


My plan was to be a financial manager paid officer compensation on subsection F income tax with trader tax status, and try to get foreign tax credit, travel in the EU enough to avoid secondary tax residency. So some income is exempt.
 

Latest Threads

Top