I'm looking for a offshore bank account that allows adult companies.
Thanks!
It won't help you a bit because the payees' wires are recorded with your real name. Once they are audited and your name is flagged, you can't hide. They will ask your statements for the last 10 years of that account.
Alternative: Move your residence to a country that does not tax foreign income that is held in a third country. Lot's of good choices.
Offshore or otherwise, don't get an account "for adult business" get one for "internet marketing" and preferably get a non adult domain or two to present if anyone presses for additional details, even if the income is zero.
Hiding money from the US government and presumably most European governments in a bank or anywhere electronically is just not realistic anymore and the risks far outweigh the potential benefits. Any bank in a country shady enough to hide your stash from Obama is just as likely to hide it from you.
I've discussed with lawyers and accountants alike and have been unable to find any real benefit to having offshore liquid assets, and plenty of drawbacks.
I may be doing it wrong (business wise) but for me just accurately reporting my business expenses puts my tax liability in a pretty reasonable range.
- As soon as I think up a good sig it's going here.
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