Hi all,
I need your advice on the following situation:
I expect to receive a large tax refund soon from the German tax authorities (over a million euros). I would like to have this money sent to an offshore bank account. Then, I want to withdraw it as quickly as possible. Ideally, I would like to buy crypto directly, or alternatively, transfer the funds to another bank account in order to buy crypto eventually. I know this will be challenging given the increasingly strict regulations regarding anti-money laundering, anti-crypto measures, and KYC. Still, I would like your advice on how feasible this is and what direction I should consider.
Please advise on which countries/banks would be most suitable for this. I was thinking of setting up an entity through a trust office (for example, in Belize or the Seychelles) with nominee shareholders and directors. Then, I would have the tax refund sent to the bank account of that entity. Is it possible to receive such a large amount in one go without the account being blocked? After that, I want to withdraw the money as quickly as possible. Are there banks/countries that are crypto-friendly and allow the purchase of large amounts of crypto from such an account? If this is not possible, I am also open to withdrawing the amount in cash in one go or transferring it to another bank account in order to eventually cash out. I understand that this will raise questions with banks, but I am still seeking your advice.
Do you see any possibilities to make this happen? Is it possible to stay anonymous with transferring these kind of amounts (e.g. will my identity as UBO be shared with my local authorities in Germany?) I look forward to your advice.
Thanks in advance!
I need your advice on the following situation:
I expect to receive a large tax refund soon from the German tax authorities (over a million euros). I would like to have this money sent to an offshore bank account. Then, I want to withdraw it as quickly as possible. Ideally, I would like to buy crypto directly, or alternatively, transfer the funds to another bank account in order to buy crypto eventually. I know this will be challenging given the increasingly strict regulations regarding anti-money laundering, anti-crypto measures, and KYC. Still, I would like your advice on how feasible this is and what direction I should consider.
Please advise on which countries/banks would be most suitable for this. I was thinking of setting up an entity through a trust office (for example, in Belize or the Seychelles) with nominee shareholders and directors. Then, I would have the tax refund sent to the bank account of that entity. Is it possible to receive such a large amount in one go without the account being blocked? After that, I want to withdraw the money as quickly as possible. Are there banks/countries that are crypto-friendly and allow the purchase of large amounts of crypto from such an account? If this is not possible, I am also open to withdrawing the amount in cash in one go or transferring it to another bank account in order to eventually cash out. I understand that this will raise questions with banks, but I am still seeking your advice.
Do you see any possibilities to make this happen? Is it possible to stay anonymous with transferring these kind of amounts (e.g. will my identity as UBO be shared with my local authorities in Germany?) I look forward to your advice.
Thanks in advance!