Opening bank account for Scottish LP company

[Serni]

Hi!
I own very transparent international sales business, all operations are very easy to proof.
I don't have to pay taxes from abroad income in my country, so I don't afraid of any tax authorities.
Looking for the bank in the country with some government insurance, because I operate with big amounts of money. So Georgia or Armenia, for example, are not an option.
Now I have the business account in Swiss, but it's too expensive for me.
What other options do I have?
I am thinking of becoming 99% partner as physical person of my LP - should it help?
Thank you.

 

[MrGoodman]

I assume the Swiss bank you refering to is CIM. You may try banks in Cyprus. They still accept partnerships with nominee partners, including legal entities.

 

[Serni]

Myotra said:
I assume the Swiss bank you refering to is CIM. You may try banks in Cyprus. They still accept partnerships with nominee partners, including legal entities.
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I don't know any Cyprus banks that can accept me. There is the directive to all Cyprus banks that directly forbid to work with the "shell" companies.

 

[JohnLocke]

Serni said:
I don't know any Cyprus banks that can accept me. There is the directive to all Cyprus banks that directly forbid to work with the "shell" companies.
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Well as long as the ownership is transparent and the business is clear to the bank it won't be a problem.

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[Serni]

Admin said:
Well as long as the ownership is transparent and the business is clear to the bank it won't be a problem.
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Which bank exactly? Cyprus banks can't accept me by the attached Circulars.

Attachments​

• 
  CBC Circular 14062018.pdf
  138.2 KB · Views: 253

 

[JohnLocke]

What you found is from June 2018 I wouldn't even spend my time reading it. There is plenty of threads around this forum with lates information about the position of the banks in Cyprus. You want to use Google to search the forum for better results.

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[Serni]

Admin said:
What you found is from June 2018 I wouldn't even spend my time reading it. There is plenty of threads around this forum with lates information about the position of the banks in Cyprus. You want to use Google to search the forum for better results.
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This is what I got 2 days ago from Piraeus bank. I know, there is the new Circular from November, 2 and I contacted Cyprus lawyers, but nobody could help me to find the solution.

 

[JohnLocke]

Well, find an agent that is able to help you open bank accounts in Cyprus so it won't be a problem. There are people here on the forum don't remember who it was that posted it but they have opened Cyprus accounts for Belize, Seychelles companies and in a few other jurisdictions for less than 2 months.

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[Serni]

Admin said:
Well, find an agent that is able to help you open bank accounts in Cyprus so it won't be a problem. There are people here on the forum don't remember who it was that posted it but they have opened Cyprus accounts for Belize, Seychelles companies and in a few other jurisdictions for less than 2 months.
Click to expand...

I've searched the information for LP companies here and I failed 🙁