w-8 accounts
Thank you for contacting EDG. I have pasted your questions, with my answers, below. Please let me know if you have any other questions that I can answer.
1.in the united states the w-8 interfaces with the bank as a non-interest bearing account , therefore, would you be able to transfer money from this w-8 account into your offshore account, since you would be opening w-8 account in foreign name, you still maintain your anyomonity?
A W-8 would have to be signed by a non-US person, it can't be signed by a US citizen as far as I know. So I don't think you could even apply for a US bank account with a w-8 if you are an American.
2. it is mentioned that you can hold real estate in an IBC, what do you mean by that, do you mean you can jost hold deed of title in an IBC or can an IBC actually purchase properties in its name??
Both. The IBC can hold title to property as well as purchase property in it's name.
In the us, to build captial or buy houses you need a ssn or ein, if your operating with a statutory typical us corporation.. how would the ibc purchase properties in its name, does it have its own version of a ein/sn ?
As far as I'm aware, a non US company or person can purchase property in the US without the need of an ssn/ein.
i know that would defeat the whole purpose as a ibc is non-taxable , but how do mortgage brokers allow ibcs to buy property..
Mortgage brokers would probably never grant a loan to an IBC. An IBC is private by nature and does not have a credit rating or credit score or any sort of history that anyone else can verify - that is in fact the general purpose of forming an IBC. If an IBC buys property, it would need to do so without using a mortgage.
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