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Shell Company or Foreign Tax Haven?

January 7, 2019

Why you should set up your shell company in the U.S. and not in a foreign tax haven.

First, all non-U.S. jurisdictions require you to upload an authorized copy of your passport’s picture page; many also require a banking reference and some will ask for a copy of a recent utility bill.

Second, U.S. banks have their hierarchy of domiciles they regard as trustworthy and places like Panama or some South Pacific island may not qualify.

What good is a shell company if you cannot use it?

What to do? Use Wyoming, Nevada or Delaware. Simple, cheap, easy.

According to a recent University of Cambridge study, “It is at least 3 times harder to establish an untraceable shell company in an offshore tax haven than in a developed country.”

Why even bother with shell companies?

Anonymity is a form of legal immunity and you cannot throw a shell company in jail.

Ready to Get Started?

Schedule your free 20-minute consultation on possible JOBS Act solutions for your company’s capital raise @ 415-320-5496 today.

Filed Under: Blog

Private Placement Advisors LLC

JOBS Act Funding Consultants. Douglas Slain teaches exempt issuers and their advisers how to raise debt or equity capital using Regulation D and Regulation S. He has also authored the 12-volume Private Placement Handbook Series available at amazon.com

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This site is operated by Private Placement Advisors, LLC (PPA) which is not a registered broker-dealer. PPA does not give investment advice, endorsement, analysis or recommendations with respect to any securities. The companies and the securities discussed here are being offered by, and all information included on this site is the responsibility of, the issuer of such securities. PPA has not taken any steps to verify the adequacy, accuracy or completeness of any information. Neither PPA nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site.

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