Any alternative to Euro Pacific Bank for a starter?

[helloeight]

Hi,

So I need to open an offshore account and was considering Euro Pacific Bank, but after reading for a while about them, I feel kind of discouraged by the negative reviews. Also, I have been contacting some websites that "help" open offshore accounts, and some of them want to charge up to EUR 2000 while you can directly contact the a bank a start the application process.

Can someone recommend a bank that allows easy bank account opening remotely with easy to use banking and low fees? And of course non-CSR 🙂

 

[Suzy Emerald]

That is asking for something almost impossible I am afraid

 

[Flatworld]

...with power of attorney (POA) , it's possible~

 

[Martin Everson]

helloeight said:
Can someone recommend a bank that allows easy bank account opening remotely with easy to use banking and low fees? And of course non-CSR
Click to expand...

You already know the answer...but hope is one hell of a drug 😵. We all would like to know such a bank.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Suzy Emerald]

I must correct myself. There may be 'banks' out there that offer cheap, easy and non crs banking. But one day you wake up and find your account empty if you are able to login to your account at all...

 

[Nishizawa]

I also thought of the same thing as you.

You can open an account in bank of georgia. Just make a POA and give it to agent. He will visit the bank for you. Non-CRS, low fee, very easy to open... satisfies all the conditions you mentioned.

But remember this. Offshore bank which is easy to open an account will be crack down by US or EU soon. If your purpose is avoiding tax, the ultimite answer is this. "Immigration".

 

[Flatworld]

Nishizawa said:
I also thought of the same thing as you.

You can open an account in bank of georgia. Just make a POA and give it to agent. He will visit the bank for you. Non-CRS, low fee, very easy to open... satisfies all the conditions you mentioned.

But remember this. Offshore bank which is easy to open an account will be crack down by US or EU soon. If your purpose is avoiding tax, the ultimite answer is this. "Immigration".
Click to expand...

I'm afraid that thing has already happen to bank of Georgia...because I can't transfer USD to other bank using their internet banking, and they said it may take weeks to fix this...

hope I'm wrong...

 

[TurnedToRobot]

What a suprise that this wasn't a ever lasting solution.. but sad 🙁

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[Nishizawa]

Flatworld said:
I'm afraid that thing has already happen to bank of Georgia...because I can't transfer USD to other bank using their internet banking, and they said it may take weeks to fix this...

hope I'm wrong...
Click to expand...

Yeah... I heard this from other thread.

I hope it is just a technical problem and will be fixed soon.

 

[Andrew Gooden]

Dar

helloeight said:
Hi,

Can someone recommend a bank that allows easy bank account opening remotely with easy to use banking and low fees? And of course non-CSR 🙂
Click to expand...

I am looking for such a bank and if any such bank exist it would be a glorious day, but would it be safe? Interesting thread you open brother. I have to keep my eyes on this thread. Cheers!

 

[helloeight]

Thanks all for the input. So the closest I have got to that "dream" easy to open/operate offshore bank is:
- Euro Pacific Bank in Puerto Rico (very easy to open remotely, but high fees and complicate use)
- TBC Bank in Georgia (low fees, for opening notarized and apostilled documents are needed)
- Banks in Serbia?

Any other input will be much appreciated by the community 😉

 

[Martin Everson]

helloeight said:
- Euro Pacific Bank in Puerto Rico (very easy to open remotely, but high fees and complicate use)
Click to expand...

You want to open with a trash bank in a bankrupt banana republic..really? It's a ponzi scheme of a bank.

helloeight said:
TBC Bank in Georgia (low fees, for opening notarized and apostilled documents are needed)
Click to expand...

I bank with them but they have been hit with money laundering scandal involving management. Tread carefully with them I discussed it in another thread.

helloeight said:
Banks in Serbia?
Click to expand...

Serbia is blacklisted. See my post below on it

https://www.offshorecorptalk.com/th...llp-with-an-offshore-partner.25302/post-91345

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[helloeight]

Cetme308win said:
Ameria bank in Armenia
Click to expand...

Hey, did you open through an agent or something or directly with them?

 

[mrau]

helloeight said:
Hey, did you open through an agent or something or directly with them?
Click to expand...

They are very stringent and fussy when it comes to international transfers (send or receive); even small amounts of a few thousands. Perhaps your best choice is TBC or Bank of Georgia

 

[drumsta]

I am from Serbia and stay away from this shithole. In either way banking here is not different from any commercial banking across Europe, and they are not opening accounts for foreigners.

I've been looking to relocate from here and figured I've would live a nomadic lifestyle not being in a particular country for more than 6 months as to not become taxable on my income and I need an offshore bank account, but since I've started learning more on how can I do this its been so discouraging. The best option for "beginners" is Georgia in my mind, because of the ease of opening an account (i still haven't opened one but have contacted the bank) and because if you need a place to move it doesn't tax your income made worldwide, just the one made locally. I've read that their foreign minister announced opening an e-residency program much like Estonia currently has so I will be definately keeping my eye on that. But now I hear about this USD transaction problems?

It honestly can't get more frustrating knowing that everything you read and find out, comes to a dead end or there is a certain problem involved with what you thought was a great option for you: either its a complete scam or the initial deposits are unreasonably huge (like HSBC with 50.000$) or there is just enormous amount of paperwork involved + in some cases you have to go in persons.

The more people encounter these problems the more they'll realize the importance of cryptocurrencies - cheap, fast, permissionless value transfer system which no one single party controls.

 

[helloeight]

drumsta said:
I am from Serbia and stay away from this shithole. In either way banking here is not different from any commercial banking across Europe, and they are not opening accounts for foreigners.

I've been looking to relocate from here and figured I've would live a nomadic lifestyle not being in a particular country for more than 6 months as to not become taxable on my income and I need an offshore bank account, but since I've started learning more on how can I do this its been so discouraging. The best option for "beginners" is Georgia in my mind, because of the ease of opening an account (i still haven't opened one but have contacted the bank) and because if you need a place to move it doesn't tax your income made worldwide, just the one made locally. I've read that their foreign minister announced opening an e-residency program much like Estonia currently has so I will be definately keeping my eye on that. But now I hear about this USD transaction problems?

It honestly can't get more frustrating knowing that everything you read and find out, comes to a dead end or there is a certain problem involved with what you thought was a great option for you: either its a complete scam or the initial deposits are unreasonably huge (like HSBC with 50.000$) or there is just enormous amount of paperwork involved + in some cases you have to go in persons.

The more people encounter these problems the more they'll realize the importance of cryptocurrencies - cheap, fast, permissionless value transfer system which no one single party controls.
Click to expand...

hey drumsta, are you contacting directly Bank of Georgia, or you are doing it through an agent?

 

[drumsta]

Just go on the bank's website and find a contact email. TBC bank even has a live chat.

 

[mrau]

Cetme308win said:
tell us more
Click to expand...

Are you an existing customer of the bank? If so (an made/received at least a couple of wire transfers) you should know what I'm talking about by now.
I've even heard comments/experiences like this from other account holders in Facebook, etc.