Hi guys. Interesting post I dug up here. I've been looking into opening an IBC (international bank corp.) to do my trading. I found a company that will help you get set up for trading purposes. I don't know anything about this co. Just wondering if anyone's ever heard of them or if what they are saying is legit. Here are a couple of email transcripts I had with them.
Email reply 1:
Hello Dan
If you are considering stock market trading or wishing to buy into
offshore mutual funds through your offshore IBC there are a couple of options available to you:
1. Open a mainland brokerage account in the name of your IBC. It will then be treated the same as any other foreign company trading on the US market. Trade online or manually.
2. Trade online or manually with a brokerage account opened offshore. Our banks have brokerage accounts which are opened in the name of your IBC. A brokerage account ensures your privacy and total secrecy as the offshore bank place orders on your instructions but in the bank's name, rather than your
IBC's name. Masking a client's stock market trades or mutual fund purchases is a traditional way of doing business offshore and is done by most of the major offshore banks we use. Naturally, clients have to provide their account number and secret coding to the bank at the time of placing any order.
Using offshore Banks' brokerage accounts you will be able to trade on most stock exchanges in the world at a cost equivalent to that incurred using mainland brokers without paying tax on the profits.
U.S. stocks, bonds, options, currencies and mutual funds are frequently bought through offshore companies because they are not liable to U.S. capital gains taxes. Treasury bonds, bank CD's, futures and commodities are also purchased through offshore companies. No U.S. withholding taxes are payable on such incomes as long as the IBC does not open an office or carry on other business in the United States. Offshore IBCs legally have no income tax returns to file with the United States IRS as the IBCs are not CFC's (Controlled Foreign Corporations).
We have all the IBC's paperwork couriered back to you within about three business days. Our fee of $1949 includes full IBC incorporation with all Government fees paid, giving you total protection with an offshore corporation, an offshore bank account and the tools to trade Globally with an offshore brokerage account.
Please let me know if you need further assistance.
Rodney Brewer
IBC Services, Inc.
Shopcom Holdings Ltd.
ph 1-250-656-4490
http://belizetaxhaven.com
http://dominica-taxhaven.com
* (I spoke with IB and they said you can open an account with them in the name of an IBC. Don't know any other details about it though and how the taxes would work).
Email 2 and reply:
Hello again,
I have another question about trading through an IBC. You mentioned in your previous email that there are two ways to do it. 1) is to open the account here in the name of the IBC or 2) use one of your brokerage accounts and open it offshore. Are there any advantages to number 2? Also, do you have a list of the brokerages you can set up through? Thanks a lot.
Dan
Hello Dan
With option 1 the mainland broker may want to get details of the IBC's owner so your
identity could be compromized.
With having the brokerage account totally offshore, there is no way to trace back to you.
Trades cost a little more but you will be paying no taxation on the profits.
Most clients have their brokerage accounts at our offshore banks' brokerage departments.
We give you a choice of 5 banks in The Bahamas, Dominica, Belize and Grenada
as well as two speciality brokerage houses we use.
Once your IBC has been setup we courier you all the banking and brokerage documents.
Best wishes
Rodney Brewer
IBC Services, Inc.
Shopcom Holdings Ltd.
ph 1-250-656-4490
http://belizetaxhaven.com
http://dominica-taxhaven.com
Email reply 1:
Hello Dan
If you are considering stock market trading or wishing to buy into
offshore mutual funds through your offshore IBC there are a couple of options available to you:
1. Open a mainland brokerage account in the name of your IBC. It will then be treated the same as any other foreign company trading on the US market. Trade online or manually.
2. Trade online or manually with a brokerage account opened offshore. Our banks have brokerage accounts which are opened in the name of your IBC. A brokerage account ensures your privacy and total secrecy as the offshore bank place orders on your instructions but in the bank's name, rather than your
IBC's name. Masking a client's stock market trades or mutual fund purchases is a traditional way of doing business offshore and is done by most of the major offshore banks we use. Naturally, clients have to provide their account number and secret coding to the bank at the time of placing any order.
Using offshore Banks' brokerage accounts you will be able to trade on most stock exchanges in the world at a cost equivalent to that incurred using mainland brokers without paying tax on the profits.
U.S. stocks, bonds, options, currencies and mutual funds are frequently bought through offshore companies because they are not liable to U.S. capital gains taxes. Treasury bonds, bank CD's, futures and commodities are also purchased through offshore companies. No U.S. withholding taxes are payable on such incomes as long as the IBC does not open an office or carry on other business in the United States. Offshore IBCs legally have no income tax returns to file with the United States IRS as the IBCs are not CFC's (Controlled Foreign Corporations).
We have all the IBC's paperwork couriered back to you within about three business days. Our fee of $1949 includes full IBC incorporation with all Government fees paid, giving you total protection with an offshore corporation, an offshore bank account and the tools to trade Globally with an offshore brokerage account.
Please let me know if you need further assistance.
Rodney Brewer
IBC Services, Inc.
Shopcom Holdings Ltd.
ph 1-250-656-4490
http://belizetaxhaven.com
http://dominica-taxhaven.com
* (I spoke with IB and they said you can open an account with them in the name of an IBC. Don't know any other details about it though and how the taxes would work).
Email 2 and reply:
Hello again,
I have another question about trading through an IBC. You mentioned in your previous email that there are two ways to do it. 1) is to open the account here in the name of the IBC or 2) use one of your brokerage accounts and open it offshore. Are there any advantages to number 2? Also, do you have a list of the brokerages you can set up through? Thanks a lot.
Dan
Hello Dan
With option 1 the mainland broker may want to get details of the IBC's owner so your
identity could be compromized.
With having the brokerage account totally offshore, there is no way to trace back to you.
Trades cost a little more but you will be paying no taxation on the profits.
Most clients have their brokerage accounts at our offshore banks' brokerage departments.
We give you a choice of 5 banks in The Bahamas, Dominica, Belize and Grenada
as well as two speciality brokerage houses we use.
Once your IBC has been setup we courier you all the banking and brokerage documents.
Best wishes
Rodney Brewer
IBC Services, Inc.
Shopcom Holdings Ltd.
ph 1-250-656-4490
http://belizetaxhaven.com
http://dominica-taxhaven.com
