Which countries don't have public UBO registers?

7889

Building Trust
Entrepreneur
Mentor Group
Obviously, classic offshores fit the bill, but they're becoming more and more useless, as far as i can tell. What countries other than that don't have public free/paid access to information about companies UBOs and/or directors?
 

mange38

Trusted Member
Business Angel
What about Georgia JSC company? I think someone mentioned it here already.
 

7889

Building Trust
Entrepreneur
Mentor Group
There is nothing left which could be of use to anyone. There may be exceptions with the US states we have discussed here i.e. Wyoming, New Mexico and so, but Im'm not sure how much they protect your privacy.
Do you know current situation in UK? There's a lot of conflicting information and i've never dealt with UK myself
 

Admin

Forum Moderator
Staff member
Do you know current situation in UK? There's a lot of conflicting information and i've never dealt with UK myself
As already said here, forget UK all is public available.

I have also heard this thing with Georgia JSC - honestly, the agent I approached told me I had to come to Georgia in person to arrange for this. I will still have to provide passport and utility bill but it won't be public available he claim.

The story sounds a little bit fishy to me so I didn't wanted to spend time nor money on it.
 

AndersonSilva

Active Member
All the offshores have Public information about the shareholders? Seychelles? St. Vincent? Panama? Everything is public? o_O
 

Gediminas

Offshore Tax Advisory
Business Angel
Mentor Group
Commercial Service
All the offshores have Public information about the shareholders? Seychelles? St. Vincent? Panama? Everything is public? o_O
Most of them - yes. But there are ways in this offshore world how you can achieve your privacy.
 

James Turner

Trusted Member
Business Angel
Mentor Group
Privacy is far from dead!

Most offshore jurisdictions do not have UBO registers, they hold Shareholder and Director registers which in most cases consist of nominee details. They are not effective at capturing genuine UBO information anyway and only know what they are told. In addition, while genuine regulated agents will have an obligation to carry out due diligence and KYC etc, we realistically only know what we are told. Yes checks are done and people identified, but in reality we as agents rely heavily on the information provided by our clients. If a client is well organised, has considered the information they are passing on, has their own nominee who then appoints an agent nominee for example, it is very difficult for anyone (agent included) to know whether the information available is correct or not.

Even when UBO registers to do happen the same situation exists. How does anyone know that the UBO is actually the UBO. Then you can consider the use of Trusts etc which genuinely alter the UBO and which can legitimately work for you.

Things have always changed, scrutiny has always increased, transparency has always existed and people have always found a way to make it work for them.
 

countryfree

Trusted Member
Business Angel
Useless countries as stated!
Yes, you can get full privacy with a Wyoming company, or in the Seychelles, but the question is what you can do with that?

In most countries, you won't be able to open a bank account, do any kind of business, buy property, or register a car with your anonymous company...
 

mange38

Trusted Member
Business Angel
They are not effective at capturing genuine UBO information anyway and only know what they are told.
While I agree with this, Seychelles for example has an UBO registry.

If you want to keep it legal go with a Wyoming LLC. However the bank will still ask for an UBO ns2
 
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