Recent content by Midas Gordiusson

Indeed, very annoying. The most reliable fix I've found is to copy paste the text into an editor that strips away any formatting and leaves plain text. e.g. google keep, notepad

@mnschwarz did you identify a good US banking solution?

@mnschwarz US will definitely work as I'm not American. Check this list to see what DTAs/TIEAs the US has signed with what jurisdiction and here to see that the US has no (zero) activated AEOI relationships. But that's just postponing/avoiding the question, and it's possible the US may sign more...

Judging by your forum entries we have the same structure from the same provider (whose banking proposals are lacking insight). I would prefer not to use nominee account signatory. While I'm able to identify many interesting banks, there are not so readily available insights as to how they...

I'm looking for a service provider who can help open up bank account(s). But the provider needs to know the details of how "their" bank(s) interpret and implement CRS & AEOI - not just publicly available information. Objective is to set up a bank account for an offshore family office (passive...

Structuring in progress

@mnschwarz What's your take on nominee banking (not corporate director) services? Especially w/OCI.

@Denny - are you saying that LeuPay will consider the "Business contact" as the UBO and report him/her as the account holder as per CRS? Or does LeuPay ask you to fill out the CRS self-certification later on in the registration procedure and use that information?

When signing up for a LeuPay business account there are two fields; the upper half which is "Business Information" and the lower half which is "Business Contact". Are both of these sections reported as part of CRS? Or only the top? Or are applicants asked to submit a CRS self-certification later...

Does anyone have experience funding their IBC by issuing long-term zero-coupon bonds? The initial funding thus becomes debt that can be bought back (or paid back at bond maturity). This means that the original capital can be returned without triggering taxable income or capital gain, and only...

I'm looking for an offshore bank that: I can trust with regular $100k+ transactions. Has a transparent and reliable interpretation/implementation of CRS. I expect them to report the account holder (a company and/or it's representative), but not the consultant who is managing the account for the...

So you have no confirmation what any bank will report? For example Leupay looks quite interesting, but I would love to better understand their practice of interpreting and implementing CRS - beyond what's written on their homepage/documents.

I am considering being the investment advisor for an IBC that's managing investments for a foundation. The IBC will need a bank account and a brokerage account. As the IBC's investment advisor, I would open the accounts and state the IBC as the owner, but with myself listed as the business...