Offshore and bank account, to sell crypto: help me

[brainstorm21]

<p>Hi everyone, I live in Europe.<br>I have about $ 1 million in Litecoin that I bought in 2014, and I don't want to get caught by the tax authorities.<br><br>Initially, I decided to use this scheme:<br><br>(1) BVI + nominee Director (and POA)&gt; EPB Bank account&gt; debit card<br><br>I will sell litecoins through Kraken, where I will open an account with the company, still in the name of the British virgin Islands. Kraken is based in the US, while funds are sent by Kraken to my account, from Germany (if I sell Ltc / Euro) or from the US (if I sell Ltc / Usd).<br><br>But then I read on this very useful forum that:<br>1. EPB debit card issued in the UK: problems with CRS or not, as the card is debited to the company's account?<br>2. you all talk bad about EPB<br><br>Then I wondered if the following solution would be better:<br><br>(2) DELAWARE LLC + nominee Director (and POA)&gt; US Bank account in us dollars / euros&gt; debit card in euros (issued in the US).<br><br>In the end, but perhaps this creates a problem with opening an account in the States:<br><br>(3) BVI + nominee Director (and POA)&gt; DELAWARE LLC (need a nominee Director? Could it be the British virgin Islands?)&gt; US Bank account in us dollars / euros&gt; debit card in euros (issued in the US).<br><br>( * * ) One of my doubts is that Kraken is located in the US, my company will be located in Delaware, if I sell my cryptography, will it become a taxable operation because both companies are located inside the States?<br><br>Do I have to go to the US to open an account? Is this a better solution than the BVI + EPB solution? Did I forget something?<br><br>My needs are very simple, because this would be a one-time operation:<br><br>* don't let me steal money from the tax authorities<br>* be in a strong and reliable place for many years<br>* to be able to have a debit card without CRS issues<br>* the possibility to eventually buy a property together with the company<br><br>By making a resume and wasting no time, the best solution for my case is, what is it? (1), (2) or (3)? Don't forget to consider (**).<br><br>If you have even better solutions instead, please tell me.<br><br>Thank you very much if you want to help me.<br></p>

[RoyFollman]

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</article><div class="bbWrapper" style="">Offshore jurisdictions will report your bank account balance at end of year as per CRS. So you will be screwed.</div><article class="message-body js-selectToQuote">
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[ZakICarey]

<p></p><p>You know that is a really big amount of money. And the scheme sounds nice, you can also use a Latvian bank account, there are some companies which works with such a situation, they take about 500$ but you will not lose any penny more to get your money. More tragic thing is that many cryptocurrency exchanges have commission and fees, Kraken as well as I know. So such percentage out of one million makes big money too. But there is a way to get money without fees. You can <a href="https://blog.lumiwallet.com/exchange-crypto-to-crypto-with-zero-fees-in-lumi-wallet/">Click here</a> to learn how to do that legally.</p><p></p><p></p>

[brainstorm21]

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</p><p></p><p>You know that is a really big amount of money. And the scheme sounds nice, you can also use a Latvian bank account, there are some companies which works with such a situation, they take about 500$ but you will not lose any penny more to get your money. More tragic thing is that many cryptocurrency exchanges have commission and fees, Kraken as well as I know. So such percentage out of one million makes big money too. But there is a way to get money without fees. You can <a href="https://blog.lumiwallet.com/exchange-crypto-to-crypto-with-zero-fees-in-lumi-wallet/">Click here</a> to learn how to do that legally.</p><p></p><p></p><p>

nice advice, if I had some illegal money, I would do that way.<br></p>