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None of what you said seems to follow from what is explained in the comments above or the article. From my reading, literally all the small business has to do t
by stephen_g 6y ago
None of what you said seems to follow from what is explained in the comments above or the article. From my reading, literally all the small business has to do to be “legitimate” is to accurately disclose the beneficial owners’ names, addresses and a Government issued ID (which I assume can be foreign for foreign owners as long as it can be verified).
There’s nothing about not being allowed to have an anonymous shell company that inflates the costs of legitimate business...
- csomar 6y ago> literally all the small business has to do to be These are the most dangerous words ever. Especially that this requirement is probably ineffective. It is a small paperwork, yes, but it is there. A couple years later, it is reviewed and judged to be ineffective and new requirements are added to this paperwork. Then we end up with hundreds of paperwork to fill and submit just to be able to run a business.