Dear all,My modest Bitcoin business has been ticking over very nicely and as such I have started an offshore bank account (in Belize) to stow away the proceeds in the name of a dummy company (a company Director before I turned 30, who would have imagined?) :-DThis isn't particularly difficult to set up and I was wondering if any of the vendors on here might find it to be of any use? As it stands your assets could be seized at any moment by the IRS so I imagine it would be useful to have somewhere to store your ill gotten gains. As I mentioned above it's a two stage procedure whereby you set up a company in an offshore location like the Caymans, Bahamas, Cyprus or Belize and then you open a bank account in the name of said company.The era of the numbered Swiss bank account is long since gone and you do have to provide notarised identity documents and proof of address to open an account BUT in Belize and the Caymans at least the banks do not share that information with their government. The account itself is in the name of your dummy company e.g GAMMA FINANCIAL SERVICES which of course would tell the IRS nothing about your offshore assets.So to summarise:Potential advantages:- Hide your earnings and keep them tax free in US dollars.- Visa or Mastercard which you can use anywhere in the world. - Zero possibility of the IRS freezing your assets.- No more having to store and hide large amounts of cash.- Clients making steady payments can also get credit cards, mortgages etc.- Your own PO Box to receive mail anywhere in the world.- Easier to launder your proceeds in a jurisdiction with more lax compliance measures.Potential disadvantages:- You do have to reveal your identity to open the account, although that information is kept confidential by the bank.- High set up fees (around 700 USD dollars to register a company, the same again to open an account). Some banks also require a minimum opening balance.- Longer processing times than using a domestic banks. There are also small fees for incoming payments. - You would still need to fund your offshore account via wire transfer unless you fancy getting on a plane and taking a briefcase of cash with you every six months.Since I work in banking I was toying with the idea of helping people to set themselves up with an offshore identity but before I go to any great lengths does this sound like something that might be of interest to anyone?V.