We are Swiss based company, which producing medical products. Our products are not restricted by any sanctions and can be exported globally including heavily sanctioned countries.
We have bank accounts in Switzerland / UK / EU which are perfectly working for EU / UAE and plenty of others “normal” countries.
Problem:
Even bank stating that they working with some “risk” countries, payments in EUR constantly bounced or blocked for months in intermediaries banks. For example from such countries like Palestine, Jordan, Mozambique, Morocco, Iraq, Cambodia. I even not talking about Russia, Syria, Iran, Afghanistan.
What we currently do to collect payments:
For “risk” countries we︀ use our subsidiary in UAE and invoicing clients in AED, which not very welcomed by︁ our clients but works smoothly for incoming payments from MENA.
Why I do not like︂ it:
Working via subsidiary requires extra expenses and not convenient.
What I want:
I am︃ looking for a legit solutions to collect payment for our goods from “risk” and “high︄ risked” list countries.
What I am thinking to do:
Solution 1. I am thinking to︅ rent several warehouses across the globe in free customs zones for faster delivery of goods︆ + offshore bank account for receivables.
Or
Solution 2. To open local subsidiary which will︇ perform such activities like warehousing & processing payments (collecting payments for sold goods and forwarding︈ them to Swiss company, like collecting various companies for food delivery and then transferring money︉ to restaurants).
What is your opinion about above mentioned problems and possible solutions?
We have bank accounts in Switzerland / UK / EU which are perfectly working for EU / UAE and plenty of others “normal” countries.
Problem:
Even bank stating that they working with some “risk” countries, payments in EUR constantly bounced or blocked for months in intermediaries banks. For example from such countries like Palestine, Jordan, Mozambique, Morocco, Iraq, Cambodia. I even not talking about Russia, Syria, Iran, Afghanistan.
What we currently do to collect payments:
For “risk” countries we︀ use our subsidiary in UAE and invoicing clients in AED, which not very welcomed by︁ our clients but works smoothly for incoming payments from MENA.
Why I do not like︂ it:
Working via subsidiary requires extra expenses and not convenient.
What I want:
I am︃ looking for a legit solutions to collect payment for our goods from “risk” and “high︄ risked” list countries.
What I am thinking to do:
Solution 1. I am thinking to︅ rent several warehouses across the globe in free customs zones for faster delivery of goods︆ + offshore bank account for receivables.
Or
Solution 2. To open local subsidiary which will︇ perform such activities like warehousing & processing payments (collecting payments for sold goods and forwarding︈ them to Swiss company, like collecting various companies for food delivery and then transferring money︉ to restaurants).
What is your opinion about above mentioned problems and possible solutions?
