Why Cheap Offshore Companies Are a Nightmare Today

Cheap offshore companies don't work anymore - at least not on their own. With Common Reporting Standards and FATCA, you need a more intricate setup or else you'll end up with a visit from the tax man. In this video, I’ll break down why jurisdictions like the British Virgin Islands, Belize, Vanuatu, and the Seychelles are more trouble than they’re worth—and why a well-structured, anonymous setup in a reputable country with real banking access is the smarter move.

Original forum post: https://www.offshorecorptalk.com/threads/ok-so-my-experiences-trying-to-open-hongkong-bank-account-for-my-seychelles-ibc.47044/