Offshore Bank Account Across the World
- Thread starter JohnLocke
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Personal Georgian bank accounts are easy to open and for most nationalities you can keep your account if you don't use them for business purposes or too much crypto related activity ("too much" crypto depends on the bank, the type of account and your personal history with them).
Georgian banks don't like to be involved in offshore business banking. Expect to have your Georgian substance checked (office, employees, etc.) and expect to be asked for invoices when you send or receive money to or from suppliers or customers abroad.
Georgian banks don't like to be involved in offshore business banking. Expect to have your Georgian substance checked (office, employees, etc.) and expect to be asked for invoices when you send or receive money to or from suppliers or customers abroad.
Totally agree, exactly as most banks in many offshore jurisdictions already do. Some of it also apply already for EMI's - the forum is full of threads about it.
I'm amazed about all the information in this article there, the banks you list and the comments below the page. I'm researching on banks for some time but did not find anything useful other than Neobanks and EMI's.
I just tried contacting Caja de Ahorros in Panama for an offshore business account.
"We appreciate your interest in our institution; for the moment, we do not offer bank account for that type of enterprise."
"We appreciate your interest in our institution; for the moment, we do not offer bank account for that type of enterprise."
no not at all. They remain offshore banks also if they comply to CRS!
I like the list of banks there, it makes good sense to have it bookmarked for future use and to follow the many comments already posted and may come. It keeps us all on track.
I like the list of banks there, it makes good sense to have it bookmarked for future use and to follow the many comments already posted and may come. It keeps us all on track.
The issue tends to be keeping the account open. Georgian banks are likely to ask for invoices and other supporting evidence. If business transactions are not related to activity in Georgia then you are likely to fall outside their risk profile and have your account closed. A foreign owned non-resident business using a Georgian bank account to pay Georgian suppliers and salaries of people located in Georgia should be OK, especially if you maintain a physical office or production centre.
If you're based in country X, buying goods or services in country Y to sell to country Z and using︀ a Georgian bank account to route the money then Georgian banks unikely to keep you︁ as a customer.
If you're based in country X, buying goods or services in country Y to sell to country Z and using︀ a Georgian bank account to route the money then Georgian banks unikely to keep you︁ as a customer.
thank you for clarifying the issue, I believe it is what many people face when they claim the bank, neobank in any country just shut down their account.
Hello, what is currently the safest location for a business bank account for a company located in HK? I would like the jurisdiction not to participate in the AEOI. I am looking for a bank with secured deposits (like FDIC in US). Perfect would be to have bank with 100% of deposits in reserve. And the most important is the possibility of opening bank account rempotely.
Since Caye International bank in Belze is mentioned here I would like to know if they are reliable as a bank for a Belize company?
You may have a look here
https://www.offshorecorptalk.com/th...-belize-scammed-me-for-initial-deposit.37186/
and also get in touch with @Caye Representative for more questions, the fact they are active around here makes me think they are legit.
https://www.offshorecorptalk.com/th...-belize-scammed-me-for-initial-deposit.37186/
and also get in touch with @Caye Representative for more questions, the fact they are active around here makes me think they are legit.
Good read, only just now saw it. Baltic International Bank in Latvia has been in liquidation since 2023 though. There was also a badass raid on the bank where the police smashed the front entrance 😎
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