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