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Originally Posted by Juicy D. Links
Ram The best way I have found to set up is with an offshore IBC. You can have an IBC in Belize, Nevis or several other countries. I would recommend Belize or Nevis. Then you set up a trust in the Bahamas that owns the IBC bearer shares. That way your name is not on anything connected with the business. The trust and the IBC are safe from US attempts to find you. If you do things right, there is no way for anyone to even know you reside in the US. So there would be no reason to try and pierce the corporate shield. Your name is not attached to the Trust (that holds the "bearer shares" of the IBC) or the IBC itself. It is about as safe as you can get in this world.
To get paid, the sponsor just wires the money to the IBC's offshore bank (xyz company, LTD or whatever you decide to call it). Everything is handled offshore. The offshore banks issue ATM cards that allow you to take out usually $10k per callendar month or $5k/week. If you need more than that, you need to get additional ATM cards from different accounts. You can also wire $ to you us bank, but understand that there are risks associated with this.
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That is great stuff but really it's just heading for TAX trouble.
The company I have here is real and so is the accounts and bills get paid.
When I need money it ATM or walk into the bank - No calling some island and hoping they answer no way.