BVI company setup as holding!

[brianK]

I want to setup a BVI company as holding company for sole purpose of protecting my assets i.e. crypto, stocks, and property.

Protections against government and lenders should things go wrong in a bigger investment.

I considered BVI while I read it can protect you in such cases, what's your thoughts please?

I found a few service providers reading other threads like @James Turner and offshorebvi, are there better services?

 

[sknomad]

BVI requires economic substance for holding company in BVI. You will need a real physical office and full time staff there.

Therw are better jurisdictions for holding setup.

 

[Martin Everson]

I considered BVI while I read it can protect you in such cases, what's your thoughts please?

The biggest threat will come from the country in which you are resident and the capabilities of the authorities. If your country has have implemented GAAR then the taxman has total discretion can deem any structure using GAAR as "an artificial construct designed primarily to achieve a tax advantage". Now tax advantage may not be your motive but it is a back door authorities can use to penetrate your asset protection structure if they want to get those assets.

So like anything if you structure it well it can offer some asset protection but keep in mind the authorities capabilities.

 

[bubbledouble]

Do you know if it is possible to avoid your name be listed public as UBO of BVI ?

 

[happyjohn]

Do you know if it is possible to avoid your name be listed public as UBO of BVI ?

It’s not worth considering a BVI company for asset protection. That kind of strategy goes far beyond just setting up a company in some random place and thinking the world is well protected.

As you can see in the mentor group in the anonymity forum, you can get some key information here.

If you piece the puzzle together correctly, you can create a solid and stable setup where authorities will have a very hard time tracking you and your assets.