Bank In Hong Kong

[Soutpeel]

I am not trying to cheat the IRS as I have no income, if however they know about my offshore funds my wifes attorney will also find out.

I found this in my search, do you think it's a scam?

Hong Kong Corporation with Hong Bank Account

An anonymous Hong Kong Corporation is formed and a bank account is opened in the described Hong Kong Bank for the corporation with the client as the signatory on the bank account. What you get is as follows: Certificate of incorporation, Business registration certificate, Original formation documents and minutes, Minute booklet, Share certificate booklet, with chops and a seal (a chop is a corporate stamp, not a tool for eating with), One certified copy of formation documents, nominee director, nominee shareholder and nominee founder, a private trust agreement for nominee shareholder, director and founding member so the owner is not registered in the public registry yet still has all the control over the corporation while remaining anonymous, General Power of Attorney executed by the nominees, Appointment of corporate secretary for a year providing a registered office address for a year, and accountants will file your annual HK return. Courier fees from our law firm are included. The bank account is with a one trillion dollar bank in Hong Kong that offers online banking and accounts in ten different currencies. You have attorney client privilege all the way through the transaction. With the trust agreement your name is kept out of the public registry for corporations. Most competitors do not include this and the corporations will have you as the owner in the public registry.

The minimum Bank deposit is $1000 and can be included with the professional fees sent to expedite account opening and reduce wire fees.

Full details here: Hong Kong Bank Accounts and Hong Kong Corporations

No one is suggesting you are trying to cheat the IRS, but as you indicated in a post....IRS know...Lawyer know..Ex-wife etc

The info you have given there is for "shelf company" formation, so not a scam,these do exist in various countries,but believe you may have to pay company tax in Hong Kong (stand to be corrected on this)...I am no means an expert on going this route and others may be able to advise better on the pros and cons

Again no expert on US tax law, but dont you have to declare any interests/holdings in companies on your income tax form ?....therefore there is a link for the IRS between you and the company

[Naam]

I found this in my search, do you think it's a scam?

it is not really a scam but it lacks the information that a beneficiary is required for any bank account except if the company publicly trades at a stock exchange (meaning multiple beneficiaries through shareholding). what is offered is a signatory function for the bank account which however cannot be established (i am repeating myself) without a natural person acting as beneficiary.

it is correct that the actual owner of the corporation can remain anomymous. but that anonymity does not apply to the bank account's beneficiary. period!

p.s. ask them the simple question "who will be/act as beneficiary?" and then tell us the answer.

[Soutpeel]

I found this in my search, do you think it's a scam?

it is not really a scam but it lacks the information that a beneficiary is required for any bank account except if the company publicly trades at a stock exchange (meaning multiple beneficiaries through shareholding). what is offered is a signatory function for the bank account which however cannot be established (i am repeating myself) without a natural person acting as beneficiary.

it is correct that the actual owner of the corporation can remain anomymous. but that anonymity does not apply to the bank account's beneficiary. period!

p.s. ask them the simple question "who will be/act as beneficiary?" and then tell us the answer.

I think was "Naam" is saying..is that you are "scr*wed on that front as well.......

Edited January 25, 2011 by Soutpeel

[Naam]

I think was "Naam" is saying..is that you are "scr*wed on that front as well.......

Soutpeel,

it seems yew kann oonderstund my tchermann enklish kvite vell oond vizzout anny additshonal eksplanashions. sank yew werry mutch! :jap:

[ericg1953]

So can US citizens open any accounts here in Thailand that offer investment options and no I am not trying to hide from the IRS..just dont live in the US any more and dont see any need to keep an investment portfolio there...My money is in USD investments and the dollar is dying and I am looking for other options.

[Naam]

So can US citizens open any accounts here in Thailand that offer investment options and no I am not trying to hide from the IRS..just dont live in the US any more and dont see any need to keep an investment portfolio there...My money is in USD investments and the dollar is dying and I am looking for other options.

to the best of my knowledge there are no hurdles although you are restricted as far as the investment possibilities are concerned.

[crusader79]

I am not trying to cheat the IRS as I have no income, if however they know about my offshore funds my wifes attorney will also find out.

I found this in my search, do you think it's a scam?

Hong Kong Corporation with Hong Bank Account

An anonymous Hong Kong Corporation is formed and a bank account is opened in the described Hong Kong Bank for the corporation with the client as the signatory on the bank account. What you get is as follows: Certificate of incorporation, Business registration certificate, Original formation documents and minutes, Minute booklet, Share certificate booklet, with chops and a seal (a chop is a corporate stamp, not a tool for eating with), One certified copy of formation documents, nominee director, nominee shareholder and nominee founder, a private trust agreement for nominee shareholder, director and founding member so the owner is not registered in the public registry yet still has all the control over the corporation while remaining anonymous, General Power of Attorney executed by the nominees, Appointment of corporate secretary for a year providing a registered office address for a year, and accountants will file your annual HK return. Courier fees from our law firm are included. The bank account is with a one trillion dollar bank in Hong Kong that offers online banking and accounts in ten different currencies. You have attorney client privilege all the way through the transaction. With the trust agreement your name is kept out of the public registry for corporations. Most competitors do not include this and the corporations will have you as the owner in the public registry.

The minimum Bank deposit is $1000 and can be included with the professional fees sent to expedite account opening and reduce wire fees.

Full details here: Hong Kong Bank Accounts and Hong Kong Corporations

If you control the corporation, you have to declare it. No escape, I'm afraid.

http://www.irs.gov/b...=154943,00.html

http://www.irs.gov/p...s-pdf/i5471.pdf