HK company buying panama company for bank account

[Shaoling]

Hello.

I have opened a HK company with a nominee director.. and I am having problems to open a bank account.. only mistertango gave me account and I dont trust mistertango at all.. my "offshore consultant" told me yo buy a company in Panama that already have a bank account.. and I have my doubts about it.. I cannot imagine when I send funds from panama to my account in cim bank.. I meant .. a wire transfer from Panama to Switzerland... come on.. but.. it may be a very fast way to have an account in for my company asap.. what do you think about it?

Thanks

 

[Suzy Emerald]

Did you try Neat? Isnt CIM an option for your HK corp? Else set up a new company with bank account and have HK company the shareholddr

 

[Shaoling]

Neat is asking me for a video of my nominee director.. and he doesn't want to cooperate.. so I have 2 choices or remove the nominee.. or buying something with bank account already done.. cim doesn't allow nominal directors.. just like paysera and several more.. I tried in the euro Pacific bank.. but I was born in a conflictive country.. and they dont work with ppl from my country

 

[Suzy Emerald]

Consider removing or changing the nominee director i would say

 

[Suzy Emerald]

Or shop around a bit to see if any CSP has a ready made company with bank account

 

[Bmw850]

Try first to change nominees and get bank account for your Hk.
If you need a ready bank account, providers here or through Google may have a sexier option than Panama

 

[Martin Everson]

Shaoling said:
I tried in the euro Pacific bank.. but I was born in a conflictive country.. and they dont work with ppl from my country
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CIM accepted you but EPB rejected you?...damn. You must be Iranian right or??

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

 

[libertycity]

With nominee director for offshore company, you can not be accepted by a good and safe bank.Nowadays they are strict and do not want to take any risk for offshore business.

 

[Sols]

When you buy a company and any bank accounts it own, the bank will restart the KYC process and more or less treat it as an entirely new application. There is no guarantee that the bank will approve of the new structure.

Although under normal circumstances, where the purchase of the company makes sense as a genuine business transaction, it's often not a problem.

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This is the probably the answer to your question.

 

[Bmw850]

Sols said:
When you buy a company and any bank accounts it own, the bank will restart the KYC process and more or less treat it as an entirely new application. There is no guarantee that the bank will approve of the new structure.

Although under normal circumstances, where the purchase of the company makes sense as a genuine business transaction, it's often not a problem.
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Right, it works also like that for the credit score, any change in ownership and it's down to 0.
So buying a company with bank account is worth only if everything stay at the same place without informing bank or any authorities