Open up a LLC in Seychelles for $2000

YOU CAN BE WHEREVER YOU WANT. OFFICIALLY YOU HAVE TO BE REGISTERED THERE. I'M DOING THAT SHIT SINCE 6 YEARS.

COMPLETELY LEGAL AND NO STRESS WITH ANYTHING

3 MONTHS THAILAND, 3 MONTHS PHILIPPINES, 6 MONTHS DUBAI. I ALSO DIDNT VISIT DUBAI FOR OVER A YEAR, NOBODY FUCKING CARES

you sure youre not stressed out?

>Imagine being so greedy that you can't just pay 18% capital gains tax on several million dollar gains.
If you're able to get to this point where you have more money than over 99% of people and totally fuck it up just to save a few hundred grand, then you deserve to go to jail.

Can you fucking stop yelling holy shit

NO

>Setting up an LLC that doesn't pass the alter-ego test
>FATCA shit
>Finding a lawyer in the Seychelles who is going to agree to be the director of your company
>Profiting from speculation
>Issuing fraudulant loans with such a thin financial veneer

I understand a janitor fantasizing about robbing up a bank. I understand a high schoolers fantasizing about shooting the bullies and blowing up the school. You should leave your fantasy a fantasy OP.

Dubai is 100% thots. There's a special enclave for unbelievers.

holy shit. this is a really good idea OP. I cant think of a reason why this would not work.

Not sure seychelles recognizes LLCs. The LLC is mostly an american thing. You could do it with a standard corporation though.

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As far as I can tell this is perfectly legal though.

When has "legality" stopped the state?

where's the hidden cost? why isn't every pleb doing this already?

since always?

I forget the name of it, but really rich tax dodgers have to get a professional accounting firm to sign a statement of lawful conduct or whatever its called. They formally agree that your actions have not broken the law and if audited they will defend you in court no matter the cost. These documents are expensive, like 2 mil per tax year. The IRS auditors see that paper in your tax return and fuck right off. They are explicitly told not to get bogged down in expensive and lengthy court proceedings. And if you have one of these letters then you are pretty much guaranteed to have obeyed the law anyway.

They sort of are doing this. Zuckerberg took out a massive loan using his Facebook stock as collateral instead of just selling the stock outright. This is a known trick for rich folk.

>the Seychelles LLC deposits the $X.000 from the Cayman Islands bank account to your private account in your home country
This is the part that may fail. They will start tracking you after a few thousand, and AML will want some good explanations after one year. And crypto origins will be a red flag for them.

>make $X.000 profit from crypto trading
no guarantee this works

i would assume your company off-shore that officially gets those gains would have to tax them in their location ? is this correct or is the location tax exempt on gains of this sort

Checked - you'd obviously choose a country that had minimal Crypto or Cap Gain Tax,But as alludes - you've got to make the money first and then there is this
I personally use a Maltese shelf company and repatriate money to a holding company in Guernsey where I have some idea of the Sovereign risk. I'm Australian BTW. I don't send money back to an Au account at any stage.

any books sources or forums to do more research? asking for a friend

>They will start tracking you after a few thousand, and AML will want some good explanations after one year.

>Tax authorities:"So Mr user, where does all this money come from?"
>You:"From this company in Seychelles(that you own), the money is from a loan I got from it, here is a copy of that loan contract"

The loan contract proves that the money is perfectly clean.

Dubai is a dirty, bloody hot and humid pajeet shithole
But you can always be tax resident there and live somewhere else and stamp your passport from time to time

>i would assume your company off-shore that officially gets those gains would have to tax them in their location ?

IF and that's a big IF the Seychellois authorities get suspicious of the origins of your funds, you just give them a copy of your coinbase transactions/cashouts and prove to them that the money is from trading and perfectly clean and legal. Since there are no capital gains taxes in Seychelles, they will not tax any of $X0,000 of profit you make.

>muh fucking greedy people

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are you living in the 90s? can you take us back??? for most anons this isn't about greed, but rather funding genocidal antiwhite policies from their own govt. it's pretty obvious everyone would wagecuck if the sole goal was making money

Dubai is cleaner than any of your imaginary first world.

the problem with the loan is that you will usually have to get it with competitive rates. like they won't believe this is legit if 0% interest

>gonna fuck up being able to fund pro-white policies to the tune of millions because you didn't want to pay in a couple Gs to get your dosh into the system

Exact same principle.

Again, read my previous replies. The interest rate could be set to 10% or even 100% it doesn't really matter though since your giving yourself a loan. No one will force you to pay anything back. Your Seychelles LLC(you) 'loans' the money to you(as a person).

Might be a stupid question, but can you use your LLC credit card for expenses like restaurants/travels as in business expenses?

Isn't it easier to get a creditcard issued from that bank or a debit card for that matter instead of transfering the funds? Transfering the funds leaves a trail for the taxman. I'm pretty sure this would be considered tax-evasion.

are you sure the taxman hasn't prepared for this loophole?

yeah this. Seems like a more efficient way and because the money never leaves the account its much harder for you to ever get caught.

Someone correct me please but I don't think these off shore banks give out cards. I think they only offer online banking accounts for your off shore companies. Also regarding the credit card, what's they point of this scheme if you end up paying 15% interest rate on your gains? Then you might as well declare them to your local authorities and pay capital gains.

>Transfering the funds leaves a trail for the taxman

The taxman would only know where the money comes from. The shareholders of a Seychelles LLC are no public record, so your taxman would never know who is behind the LLC.

The taxman would then ask where all money comes from to sustain your living. If you get cash through the debit card it would be harder to prove to your taxman that the funds are clean.

What 15%? Call it a debit card if you will, basically a card linked the bank account.

THE PROBLEM IS YOU'RE STUPID

DO WHAT I TOLD YOU IF YOU'RE EVEN REMOTELY SUCESSFUL AND STOP THINKING ABOUT OTHERS WAY. SOONER OR LATER IT WILL GET YOU LOCKED UP.

YES, YOU HAVE TO MOVE AWAY, NO YOU CAN'T STAY AT THE SAME PLACE AVOIDING TAXES FOR YOUR PURPOSE.

I PAYED 10S OF THOUSANDS FOR HELP, SEVERAL YEARS, ONLY THING THAT HELPED WAS MOVING FUCKING AWAY TO A 0 INCOME TAX COUNTRY.

Again, if you take cash from ATM through the debit card, how do you explain to the taxman where the money comes from??

Lmao just fuck off man, you sound like some butthurt IRS agent

I thought you said you were paying 0%? I don't know much about this stuff.
But why would you need to prove anything? Why not just register as a tax citizen in Dubai instead?

>I'm not an amerimutt
As other Anons have asked, why bother? Just leave your country & move to a country without CFC regulations!
Its only Burgers that have to do shit like that as they aren't free!

Is all this to avoid taxes?

Seems like too much trouble... If bitcoin goes to $400k or even $1mm, Is rather just pay taxes when I cash out.

That'll be more money than I'll know what to do with anyway.

Nah he could be right man. You need to be registered as an individual under a 0 income tax country. What you're doing is obvious tax-evasion and as long as you're on your home country's soil they can do whatever to prosecute you for that. I mean, it's not like it's not super obvious what you're doing.

ENJOY PRISON THEN WHERE YOU KEEP DREAMING ABOUT BEING SUCCESSFUL TRADING

SUBINTELLIGENT HUMAN

There is nothing illegal in that scheme. How do I evade taxes if LOANS ARE NOT TAXABLE??

>register in 0 income tax country

Which point of LOANS ARE NOT INCOME didn’t you brainlets get??

Ok man I will enjoy prison. Now fuck off this thread.

Anyone looking at this knows the motivation and that is tax evasion. I don't know. I'm not an expert but I'd double check everything first before you do this.

TRY TO EARN A MILLION FIRST OF ALL YOU DELUSIONAL KID

Do you know about CFC regulations?
Controlled
Foreign
Corporations?

Its sounds like you do...Why don't you go about it legally? Why do you want to stay in your nation?
Sounds like a dumb idea, with CRS & other legislation its only a matter of time before someone cons on to your con!

Dubai is a dust spot in the desert why would anyone want to live there.

Cayman Islands have a 0% tax on crypto?
The majority of the rich don’t pay a dime on taxes. It really only exists to fuck up the middle class.

YOU ONLY NEED TO BE REGISTERED THERE AS A RESIDENT

I MOVE AROUND THE WORLD WHENEVER I WANT WITH GREAT WORLDWIDE CONNECTIONS FROM DUBAI INSTEAD OF HAVING TO BOARD 5 DIFFERENT FLIGHTS

CFC regulations would only apply if the money you got from you Seychelles LLC was income. AGAIN, the money you would receive from your Seychelles LLC would be classed as a LOAN.

of course...but why complicate it up! I have read your loan thing, I perosnlly think you are playin with fire! Govs are talkin to each other...bankin is a HUGH part of that. Its only a matter of time before someone figures this out!

The way to get away with tax is to leave your country & become a resident in one without CFC regulation...why make it difficult. Why do you NEED to say where you are?

Take your fucking schcizo meds already before you get an aneurysm. Not all of us are fucking losers like you that leave their home, family, friends, gfs etc to go to some Islamic shithole to not pay income tax. I bet you don’t even have friends or family you loser.

AS I TOLD YOU, EARN FIRST OF ALL YOUR FIRST MILLION FAGGOT

>NOT MOVING AWAY BECAUSE OF FAMILY

WHAT A KEK YOU ARE, HAS MOMMY TO COOK FOR YOU FAGGOT?

Figure this shit out for yourself! That user is SPOT on! you are delusional!

So where do you sleep? In Dubai? You make it sound like you're only registered there and live somewhere else?

>EARN FIRST OF ALL YOUR FIRST MILLION FAGGOT

So I suppose you are already a millionaire because you know what your talking about? So you are a millionaire that spends your free time shitposting on a Pakistani knife collecting forum? Dude, you are clearly fucked in the head. Just take your schizo meds and fuck off already. You aren’t contributing to this discussion.

IF YOU ONLY KNEW HOW FUCKED UP SOME PEOPLE ARE

OBVIOUSLY YOU BUY PROPERTIES AROUND THE WORLD, INCLUDING DUBAI

There is a risk the taxman would ask for proof of interest payments.

>The shareholders of a Seychelles LLC are no public record, so your taxman would never know who is behind the LLC.

This is not entirely true, offshore banks will likely ask for details concerning the beneficial owner (i.e. you).

This is tax evasion and in many countries the scheme can be voided in court (and all "avoided" tax be made due) if the taxman claims that you are doing it to avoid paying your "fair share" (whatever that means). This is a blantant violation of the principle of legality but since tax evasion is effectively screwing the state, legal principles no longer apply. I know for a fact that this is the case in my country, Sweden, and likely the case in many other EU and OECD countries. UK might be a good candidate for tax evasion after Brexit, though.

UK still is quite a tax haven until a certain amount.
250k or something if i remember correctly

however quite some paperwork and shit to be considered... not worth the time, at least for me

pls elaborate

Even if it’s blantant tax evasion and even if the judge is 100% convinced that you are evading taxes, it’s still not illegal. Judges can’t just bend the law as they want to even if the state is getting fucked. The government hasn’t closed this loophole because most rich and powerful people are already using them. Heck even politicians and probably even judges use these schemes.

avoidance*

>Judges can’t just bend the law as they want to even if the state is getting fucked.

I know it sounds retarded but they can and will. This is the case in Sweden (I know some lawyers who have some personal experience with this).

It's fucked up but don't blame the judges, blame the retarded parasitical politicians in the legislature who pass laws like this.

>Paid tens of thousands of dollars for help
>Had to move to another country
Isn't it cheaper and more convenient to just pay the fucking taxes?

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cont.

riksdagen.se/sv/dokument-lagar/dokument/svensk-forfattningssamling/lag-1995575-mot-skatteflykt_sfs-1995-575

This is the law in question. Use Google Translate or something to translate it.

non-dom taxes

The Judges won’t risk it though. IF they convicted you for tax avoidance with this scheme, they would make a precedent case and soon all rich people and large companies like Google and Facebook would also get sued.

You will get fucked by transfer pricing though. Your 0% interest will be recalculated with market rate interest. Good luck with that.

IRS target rate is 2%. And for the 10th fucking time, the interest rate is irrelevant since you aren’t really going to pay back the loan.

Can't they just fuck you over? The big dogs will go to appeal it in a higher court. The higher court will rule in favor of the corporations like FB but anyone who doesn't have sufficient capital is automatically barred from such proceedings.

Its a fictious loan. It only exists on paper. Did you even read what he wrote?

definitely not over a longer period.

also, if you still don't understand that your "1st world" is going down i can't help you.

meanwhile dubai only imports skilled workers or business people while also donating every religion buildings and land

yes, dubai has strict rules, if you're not some lgbt commie that only provokes and can behave like an adult you will have the best time with a well established upper-class economy while in your first world you're fighting to get through as lower-class

>yes, dubai has strict rules, if you're not some lgbt commie that only provokes and can behave like an adult you will have the best time with a well established upper-class economy while in your first world you're fighting to get through as lower-class

LMAO if you think Dubai is any upper-class environment, let alone classy.

The only people who legitimately enjoy Dubai are nouveau rich Arab sandniggers who pretend to be wealthy and have an enormous napoleon complex.

Law doesn’t work like that. The law is applied EQUALLY to all legal identities. It doesn’t matter if you are a small trader or giant corporation making billions in revenue. The same law applies to EVERYONE. Unless of course you live in some oligarchic shithole whos judiciary system is bought out from mega corps.

>Law doesn’t work like that. The law is applied EQUALLY to all legal identities. It doesn’t matter if you are a small trader or giant corporation making billions in revenue. The same law applies to EVERYONE. Unless of course you live in some oligarchic shithole whos judiciary system is bought out from mega corps.

This is NOT the case in Sweden. I'm seriously not joking and trolling. I'm aware how retarded it sounds, but there IS a law in Sweden that gives the prosecution the authority to void tax evasion schemes and there ARE people that have been burned by this.

This is exactly why many Swedes including myself left our country because that place is turning into a socialist shithole.

ato.gov.au/Business/Private-company-benefits---Division-7A-dividends/In-detail/Division-7A---Loans/
sorry ausbrahs
we got cucked again

For 99% of all laws, the law is applied equally but NOT in the case of tax evasion.

just because you're too stupid to dodge taxes legally doesn't mean we all are

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Yeah right. I don't believe it. They can claim that, but that doesn't make it true.

I have statistics, what do you have?

gulfnews.com/business/personal-finance/2000-millionaires-move-to-dubai-rest-of-uae-in-one-year-says-new-2019-wealth-report-1.1555566818924

>The report also noted that among the cities worldwide, Dubai is one of the top destinations attracting very large millionaire inflows, reaching more than 1,000 in the past year.

This would only apply given the fact that the aussie tax authority KNOWS that you are a shareholder of the Seychelles LLC.

how do you hide it though?

I dont know whether you understand taxation/accounting or not.

So lets say XYZ, LLC in Cayman gave you 1 million loan with 0% interest rate to you as shareholder. Now your country will most likely have some tax article for foreign interest payment and dividend, your tax authority will see your tax return and see you have 1 million in outstanding loan without any interest payment, so there are 2 most likely things that will happen:

1. Your tax authority will impose a tax as if you are paying an interest to the lender (it doesnt matter whether you actually pay it in reality or not) with regular market interest rate. This is common anti transfer pricing mechanism/profit shifting.

2. Your tax authority will regard that 0% interest loan as deemed dividend and apply the corresponding tax rate. (20% in my country for foreign dividend).

Pick your poison I guess.

>en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Daly
Plenty of money has been poured to hide this judicial case from public and private eyes. Most things in the legal world are covered up. You can say that fancy pantsy equality crap but don't think that that's where it ends. So no I don't believe that shit and if you do beleive that shit. Then you're way to gullible to be trying tax evasion. You have no fucking idea how dirty it gets in this world. So THINK.

>I have statistics, what do you have?

There is a difference between being rich and being upper-class, you know.

Nigga did you even read my previous reply? You don’t have to put 0% interest rate in the loan contract. You just put a normal rate like 10%, and they won’t tax the interest rate.