Forming corporation is just very first step. Corporation needed because you need to open bank account for it to do money transfers for whatever reasons you have. And here where you will get stuck. In USA you need physical presence and ID on you to open bank account for your corporation. For offshore banking it even worse - most banks will ask for a reference. And even if they will not ask for reference, they still do whole KYC thing on you.
When I moved from college to New York I managed to lose all my identification save for a foreign passport over a decade expired with a 2-year old picture of me in it. It took a bit of sweet talking, but I was able to open bank accounts (and fly domestically) with that alone. Note, too, that thanks to silly drinking laws in the U.S. there is a thriving industry in creating fake identity cards.
> Note, too, that thanks to silly drinking laws in the U.S. there is a thriving industry in creating fake identity cards
Does this not happen much outside the US? In the US, the drinking age is 21. In most of the rest of the world it is 18, with a few scattered others (Japan 20, Iceland 20, 18-25 or illegal in India depending on region). From this, I'd expect demand for fake IDs for buying booze to be higher than average in the US because of the 19-21 year old market, but I'd expect the under 18 market to support fake IDs everywhere.
Even in the US, the impression I've gotten is that the under 18 market is where the majority of the fake ID for booze market lies, as that covers high school. Once you are out of high school and in college or in the full time work force, you can readily get booze regardless of age. In college, there will be 21 year olds among the juniors and seniors who can bring in the drinks, and in the work force there will be co-workers 21 and over to do that favor for you.
On the other hand, much of the rest of the world has been more accepting of technology to make IDs harder to fake. Could the US have a bigger fake ID market simply because it is easier to fake an ID here?
>> Could the US have a bigger fake ID market simply because it is easier to fake an ID here?
It probably has more to do with the increasingly harsh cleavage that exists between the underage seeking novelty and the overage acting in ways they view as being protective. The stigma associated with it makes both more fun and more connected with risky behavior.
I don't really see the point of going through the trouble of procuring illegal falsified documentation just to drink in the central European countries I'm familiar with. "Sure, let the 15 year old have a beer, what's the harm?" is the reaction you may encounter in several places outside the US.
> "Sure, let the 15 year old have a beer, what's the harm?" is the reaction you may encounter in several places outside the US.
And, in fact, in multiple places inside the US, at least in private gatherings.
(Not to beat on this too hard, but in many ways the whole of the US is more akin to the whole of Europe than any single European country. Lots of cultures, lots of demographics, lots of regional variation.)
It depends on the bank. Some will open accounts for LLCs, some require ID cards for signers and corporate records to show that the person is authorized. It also depends on who is behind the desk, as someone who needs to meet their quotas for the day will be a lot more amenable.
I know this because my sister is a prominent ex-scientologist and they've been harassing her to the point that everything she owns needs to be in a separate LLC.
Well.. I have to agree that it might work in particular bank with particular rep. Although still - you will visit them in person, meaning you will get on all cameras..
What I am trying to bring - is that whole "untraceble" companies is not that easy. Although I bet having right people in a right departments might allow you to make one.
You can buy a bank in a number of island nations for a few thousand dollars, as of a few years ago anyway. The book Dirty Dealing contains a lot of interesting details.
Well, that depends. I think scammers targeting the Bitcoin community have found some really useful purposes for untraceable corporations that don't actually require bank accounts.
