How to set up an offshore account?

say I have 500K $ account and I want to set up a company in offshore place such as British virgin island. Can I then use the company to open trading account ? how does that work?

I am aking this for a wealthy friend.

any idea?

Thanks

 

Everything is possible when you know the right people.

Regards.

 

first you need to say if your friend is a US citizen...

 

1. Set up LLC
2. Open bank account
3. Open broker account as LLC

???

1.http://www.ocra.com/?gclid=CNzav9CwkKICFQldagodT3vJbw
2. Ditto http://www.ocra.com/pi/piregister.asp
3. http://www.interactivebrokers.com.hk/en/pagemap/pagemap_account_indiv.php

PS: UBS might be a problem

 

well, ib needs to know who are the members of the LLC ))

offshore is not that easy, espescialy for US citizens

 

Not all countries have the LLC entity........

 

but the order is the same. setup is pretty simple.consequences (if you are US citizen\resident)are not

 

No problem. Best method really depends on WHERE your friend lives & WHERE he/she intends to do business & which country he/she's citizen of.


LLC's for trading??? Pfffft...