Offshore Company for Forex Trading

[zemuss]

@Gediminas sorry I link profile and not you.

 

[Spinat]

ahh, now I get it, so securing your privacy like what you wrote above is the way to move forward. It won't require any license if this is just for personal purpose. You could setup this in any country almost. Don't even in Europe this will require a license as long as you don't handle 3rd party funds.

 

[zemuss]

So how do we setup in Seychelles. I heard anything regarding reading they want a license

 

[happyjohn]

For personal trading and personal use of financial instruments there is no need what so ever for any license, not in the Seychelles nor in most other countries I know of. I do this with a company in Norway, never ever had a problem to trading anything, bitcoin, ETF's, stocks, forex, metal etc.

You can do the same in the seychelles, setup a cheap Wyoming LLC appoint it director in the seychelles company and good is, privacy protected and no one will ever ask you for anything.

Transferwise and Paysera so Kraken may be the options for banking. Check if they accept Seychelles otherwise keep it in the US with a Wyoming, Delaware or New Mexico company which is supported by the EMI's mentioned.

 

[zemuss]

John can pm you? If you don’t mind I have a few questions.

 

[clemens]

I want to add. If you seek 100% privacy no simple entity in this world will secure your personal name if it comes to tax evasion. You want to use a middle man (can be a entity or a person) or darks.

 

[zemuss]

I don’t need to be anonymous but he company has to be established outside of a US

 

[Gediminas]

Gediminas im wondering if you could help us and direct us to a solution?

Hi,

You are more than welcome to send me an email so we could discuss it through. If I won't be able to help, I will point you to the right direction.

 

[Nicholas Van Orton]

As an FX trader myself, I find this thread (and any others related to the topic of currencies) interesting. I might be of assistance if needed, but I presume @Gediminas has a more ample vision of things than my limited (for now) scope. Anyway, nice to read fellow traders in this place

 

[zemuss]

Guys i am new here and dont know much about this offshore stuff. However @Gediminas I dont see an email in your profile to mail you? Should I PM you?

You guys are great help and I appreciate it.

 

[Reinassance]

Using a Wyoming or new mexico llc with us bank account to day trade on Nasdaq being a non resident alien, gains are exempt of Us taxes? I only pay capital gain taxes in my EU country, right?

 

[Trayon]

For personal trading and personal use of financial instruments there is no need what so ever for any license, not in the Seychelles nor in most other countries I know of. I do this with a company in Norway, never ever had a problem to trading anything, bitcoin, ETF's, stocks, forex, metal etc.

You can do the same in the seychelles, setup a cheap Wyoming LLC appoint it director in the seychelles company and good is, privacy protected and no one will ever ask you for anything.

Transferwise and Paysera so Kraken may be the options for banking. Check if they accept Seychelles otherwise keep it in the US with a Wyoming, Delaware or New Mexico company which is supported by the EMI's mentioned.

But how any decent broker will open you an account when 1/ there is a US unity and 2/ they now want place of control and utility bills ?

 

[Trayon]

Hi,

You are more than welcome to send me an email so we could discuss it through. If I won't be able to help, I will point you to the right direction.

How can I pm you and be advised ?

 

[CaptK]

But how any decent broker will open you an account when 1/ there is a US unity and 2/ they now want place of control and utility bills ?

I have found that the brokers outside of the US will either reject you straight away or close you down a little after. That has been my experience. Anything US related they just dont want the headache.

You need a set up where your broker is. For example IC Markets is based in Mauritius.

 

[Momentum]

I also looked at this option and emailed my preferred brokers to ask what is needed to trade as a company. It was quite a list of documents and proof, including personal documents of all directors in the company, so if the broker doesn't accept US citizens, this might (and also might not) be an issue.

I'm sure different brokers has different rules, just sharing what I found from the two brokers I contacted.

 

[Trayon]

It seems all decent brokers now want a utility bill in the name of the company and place of management . Decent means Prime Of Prime - IS Prime, Sucden, AXI Prime, Invast, and so on. But they now offer good conditions for "eligible persons".

 

[Davis123]

I have found that the brokers outside of the US will either reject you straight away or close you down a little after. That has been my experience. Anything US related they just dont want the headache.

You need a set up where your broker is. For example IC Markets is based in Mauritius.

Tell me about it. Even for people living outside of the US like me some good brokers and a lot of banks in UAE etc don't want to accept me.

I also looked at this option and emailed my preferred brokers to ask what is needed to trade as a company. It was quite a list of documents and proof, including personal documents of all directors in the company, so if the broker doesn't accept US citizens, this might (and also might not) be an issue.

I'm sure different brokers has different rules, just sharing what I found from the two brokers I contacted.

Tell me about it. Even for people living outside of the US like me some good brokers and a lot of banks in UAE etc don't want to accept me. IC market Australia finally gave in and opened up an account for me. I think so far IC is the best broker in spreads, commissions I found from all the different brokers. ADS in UAE does not accept US citizens living in UAE. I am thinking after I leave UAE one day I will move to U.K. etc and give up US citizenship. The cost of it is immense.

 

[CaptK]

Tell me about it. Even for people living outside of the US like me some good brokers and a lot of banks in UAE etc don't want to accept me.

Tell me about it. Even for people living outside of the US like me some good brokers and a lot of banks in UAE etc don't want to accept me. IC market Australia finally gave in and opened up an account for me. I think so far IC is the best broker in spreads, commissions I found from all the different brokers. ADS in UAE does not accept US citizens living in UAE. I am thinking after I leave UAE one day I will move to U.K. etc and give up US citizenship. The cost of it is immense.

We will have a cold one waiting for you buddy.

 

[JustAnotherNomad]

Using a Wyoming or new mexico llc with us bank account to day trade on Nasdaq being a non resident alien, gains are exempt of Us taxes? I only pay capital gain taxes in my EU country, right?

Why would you use a US LLC as an EU resident?
In general, capital gains are taxed where you are, but there will be US withholding tax on dividends. Also look into US estate tax and if your home country has an estate tax treaty with the US. You might want to talk to an accountant in your home country.