Where to register Offshore company to hide 1 million dollar?

[orangeye]

Where can I open offshore company to hide 1 million $$$ - not from tax auth. but from my creditors, we have big troubles in my business if we proceed the 1M will be lost so I want them out of the company so they are away when the creditors and lenders come any help is appreciated?

 

[system32]

That's lot of money defiantly you will stay out of the European boarders and you will have to look into a protected Foundation setup in the Seychelles or any other offshore jurisdiction that didn't signed any TIEA's or DTA yet.

 

[SysOp]

For the reasons mentioned you will want to setup a company structure which explanation don't belong to a public board.

 

[orangeye]

Can it be done if the amount is lower let's say $200k ?

 

[orangeye]

It's possible. What you are looking ofr is a Seychelles Trust/ Foundation setup as I'm in the process to do.

 

[nastathin]

It's going to be difficult these days. It may be possible with a Offshore foundation or trust.

 

[dwilson]

You need to have a discussion with a knowledgeable offshore representative and explore each of your options. The issue with settling the funds directly into a trust is that there is a period in which the settlor must remain solvent and not file for bankruptcy. i.e. Forming a trust to avoid settling a debt may result in the trust being revoked by law.


Perhaps go the route of a BVI VISTA Trust or combine an IBC with a trust as the owner of the company.


Good luck - I feel your pain.

 

[habitatoffshore]

Why does a BVI Vista provides so good protection?

 

[dwilson]

You need to have a discussion with a knowledgeable offshore representative and explore each of your options.

:coffe: Short answer - BVI Vista legislation is extensive yet flexible...