Hi forum members. Here's my situation:
- I am a citizen of the EU; I do not reside in the EU.
- I need to create a company in the EU. It does not need to be a subsidiary of my foreign company, but it can be. It should not be a branch.
- I do not particularly care what EU country it will be in, its taxation, etc.
I will hire a real director based in the country who will be conducting the management and will be listed there. Now, the main problem - what/who will be the shareholder?
If I just use my generic foreign company, I will have to disclose myself as the UBO publicly because I own 100% of it. I want to avoid this. I know that, for now, Cyprus doesn't yet publish the UBO but the public register is meant to be live by the end of the year so this solution would be way too temporary. I also completely exclude the use of
darks or misdisclosure.
I want to see if there is any structure I can use where either the UBO is not published, or where the company effectively has no UBO. What I mean with the latter is if there is any option like a trust or foundation as the owner. I don't need to withdraw any money from the company and despite its turnover the company will be spending most of its funds and does not plan to have much profits or dividend distribution. So I was thinking if there can be some kind of association which really has no owner and that will own the company.
Does anybody have an idea or suggestion? I guess that some of the options might make banking a mess too.
Thanks