What methods work in 2021 to hide ETF assets?

[DavidS]

Assuming physical person has ETFs in offshore brokers and they don't want the government to find out.

What is best way to hide it?

Transfer the ETFs to an offshore company somehow?

Use shady broker? (although this risks it going bust and disappearing with money).

Any methods that work in 2021?

 

[shitcoinbro]

A broker in a non-CRS country should work now but probably not for much longer. Best is to get a second residence in a zero tax country (like Dubai) and park it in a broker there who views you as a resident of that country

 

[RexS9999]

I spoke with a wealthy Japanese two years ago. He told me the Japanese government is not taking action unless the taxpayer has more than $1 million USD worth off assets non disclosed. Surely all countries also have a minimum amount that is needed to trigger an enforcement action. I would like to know more about this. Likewise countries that your investments are located in must have a minimum required amount before they will bother reporting. Does anyone have anthing to say about this?

 

[zzzzzz]

A broker in a non-CRS country should work now but probably not for much longer. Best is to get a second residence in a zero tax country (like Dubai) and park it in a broker there who views you as a resident of that country

Broker specific question: let's say you are from EU at one of the IB branch (IBIE, IBCE, IBLUX), what happens if you become UAE resident and tax resident? Does IB transfer your brokerage account to IBLLC (USA)?

 

[Hydrogene75]

If you are good at using photoshop, you can still send your broker a fake utility bill with your name on it. I have never gotten any issue doing so. However, you need to take into account that a change of your country of residence may also imply a change in the broker regulation. For eg if you are in Europe and your new residence is in the Cayman Islands, you may no longer be subject to the CYSEC regulation.

 

[Hydrogene75]

If your offshore broker allows cryptocurrency withdrawal, then follow these steps :

1) Withdraw the funds into a BTC or LTC cold wallet (offline or paper wallet if you prefer) like Exodus or Electrum.
2) Sell your freshly obtained bitcoins via a p2p decentralized exchanger like https://agoradesk.com or paxful.com they both allow you to sell your bitcoin via multiple payment methods such as Western Union, Moneygram, cash-in-person, SEPA.
3) In case you want to sell your bitcoins in exchange of a wire transfer or SEPA transfer and your bank asks you about the source of funds, you can tell them that the money comes from a friend who lent you some money.

 

[DavidS]

If your offshore broker allows cryptocurrency withdrawal, then follow these steps :

1) Withdraw the funds into a BTC or LTC cold wallet (offline or paper wallet if you prefer) like Exodus or Electrum.
2) Sell your freshly obtained bitcoins via a p2p decentralized exchanger like https://agoradesk.com or paxful.com they both allow you to sell your bitcoin via multiple payment methods such as Western Union, Moneygram, cash-in-person, SEPA.
3) In case you want to sell your bitcoins in exchange of a wire transfer or SEPA transfer and your bank asks you about the source of funds, you can tell them that the money comes from a friend who lent you some money.

Ok, but what if you want to buy ETFs and stokcs with that money? You need a legit broker like IB.
But they do CRS reporting. So your government will find out you have stock ETFs.
This is a problem. How to make sure they do not find out or information is lost somehow?

 

[nobel]

Open an account with EPB, Safe, Digital, Global — Euro Pacific Bank, then a broker account. The broker account is with IB USA, both non-CRS.

 

[Martin Everson]

Open an account with EPB, Safe, Digital, Global — Euro Pacific Bank, then a broker account. The broker account is with IB USA, both non- CRS.

He said hide not lose his ETFs .

 

[nobel]

He said hide not lose his ETFs .

I've been waiting for your comment from EPB