Thank you I am investor in the stock market, for tax reasons , reasons of strategy and financial security I do not wish to possess all this stocks as a physical person. 20 years ago I used to run 2 St Vincent Ltd's for this purpose but ofcourse nowdays they are more a hassle than a service . So I am searching a respectable solution to this problem. UK formations I observe are a lot used in this business for this purpose but I am not a resident there and I am puzzled if I can find a bank. US sounds OK, I am only scared by the fact that the goverment there is using finance as a weapon against other people and countries and I am afraid not to be entangled in any political game because I may hold citizenship or have ties with the "wrong" country...
Unless you are involved in high-leverage bets in the market that may more than wipe out your capital it does not seem to me that an intermediate entity would add much value.
As you note the US can be risky due to political factors.
You misunderstood what I referred to as transparent. The Canadian LLP/LP need not be particularly transparent with respect to your person (ie partner identities) ... in fact it can be much less transparent than anything you will find in most IBCs in traditional offshore locations today.
Unless you clarify what you hope to achieve with a legal entity there is no way anyone here might provide suggestions that can solve the issue you have.
Why do you need a bank account in Canada for holding stocks in major European stock markets.
thank u 4 r time...yeah I would be interested in UK formation but I don t know if I can open a bank account there as director and I ain t resident. Bulgarian company I can formulate or Cyprus and I already have personal accounts there, so I m more confident I can arrange something with the bank (s) but as with the UK I do not need the auditing. I am not selling or buying products or add or deduct VAT . For Irish formation i do not know much, neither for irish banks but again it has the auditing which for me is unessesary expense . Any other idea wiill be most welcomed...
Because of the auditing requirement and the greedingness of the accountants there. Auditing I m not selling or buying any products to have VAT bother me each month, secondly the accountants were eager to charge me on the rule of thumb, how much money I may have or making than how much work burden my LTD would have been for them. Thirdly and this applies to everybody , I got the impression that if there was just the simplest official enquiry from what ever foreign service, tax, judicial etc they would be more than happy to supply all my data and save their skin.
to be completelly solid the Cyprus LTD one needs to get the residency and the 17 year exemption from tax on the dividents. Unfortunatelly Cyprus is a tourist destination and price for real estate is quite high making the " paper " residensy scheme expensive.
