Offshore Banking or normal banking for offshore company.

[stuntbiker]

What do you suggest normal banking in Slovakia for offshore company or offshore bank account to protect money pay by customer?

 

[JohnLocke]

Most want to open a offshore bank account or at least a bank account in‌ Cyprus, but if you can get your offshore company approved with a bank in Slovakia‍ to open an account you may be fine. Again it depends on what you try⁠ to achieve.

 

[stuntbiker]

Is Cyprus the only country where you can help open bank account? I will try‌ to contact bank in Slovakia and see what they say.. will Seychelles or Cyprus company‍ be better for offshore company?

 

[JohnLocke]

Almost yes, Cyprus is where we help people open the most bank accounts, however, we‌ can as well help clients to open a offshore bank account in the Seychelles but‍ at the moment don't recommend doing so.

 

[HelenaR]

Why is it⁠ not recommended to open offshore bank account in Seychelles now?

 

[JohnLocke]

Personally I would not go with the offshore banking in the Seychelles at the moment‌ before there is clarifitcation about the stuff that has been published by the US attorney's,‍ even if the publication is from a small news website (without any authority) and we⁠ got confirmed that it is rubbish, then it seems something is not good there... give⁤ it another 6 months and let's see how things develop.

 

[plunk]

What do you mean by protect money payed by customer? Once a Wire transfer is‌ issued it can't be reversed this apply for onshore or offshore bank accounts.

 

[pesto]

Offshore bank account must be more secure in regards to privacy than onshore bank account.‌

 

[stuntbiker]

So how do you think about the Seychelles Barclays bank now, 3 months later?

 

[JohnLocke]

They are OK, however, they increase the minimum balance for business to be US$ 100,000‌ and for personal accounts US$50,000 Im not sure if it is still an option for‍ you.