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I mainly want to preserve my assets against a government wanting to take it for some reason (tax). Also not sure if the bank where I hold the assets will be fine with the fact that no more income will come into the account via the IBC since I stopped using it for this purpose. AI dont want my...

Due to all the changes in the offshore world lately, I decided not to use my Belize IBC anymore for business transactions. Since there are still considerable assets on the accounts of this IBC, I wondered what the best action to take would be with the purpose of holding/preserving the assets...

CIM is definitely more expensive than Mauritius but as said you have a deposit insurance. Due to the jurisdiction of my company I went with Mauritius via an introducer. So far so good. If you can get an account with Frick I would say go for it. Maybe dont telll them you use the account as a...

As mentioned previously: open multiple accounts where you can. Also: make clear your intentions with the bank so they are not surprised when using it as a bridge. I had that issue with Mauritius: had to deliver all kinds of docs plus certified financial statements to justify where the money came...

it is more like a latvian bank with a russian owner may find a loophole not to pay you a dime when the s**t hits the fan, pointing to the small letters somehwere in an obscure contract. Besides that, the EU will not care so much about such a bank in case of problems.

sorry all my messages, I have not much to do this Saturday. I personally use my IB account to transfer money to and from and stash away considerable amounts. Works for me a bit like a bank account. IB is used to work high amounts.

regading CIM: for the extra costs compared to PNB at least you have a 100.000 CHF deposit insurance in case things go south

well, maybe open multiple EMI's and bank accounts in order not have to many transactions with one bank. Doing a high number of transactions for high amounts will attract attention anywhere in 2019....

Well, in general, people go to banks like EPB, CIM, PNB if they are not able to go to UBS and similar A rated banks. So I assume the jurisdiction of your company or type of business has somehow to do with this? EPB makes you feel it is almost a crime if you want access to your money.

Rietumu was also efficient and had was white label with IB... EPB loves to see your money coming in but doesnt like money leaving the account and will start complaining about this an may close your account for it. I would trust CIM more than PNB with my money, so it may be worth the extra costs.

Hello, Has anyone experience with banking in Antigua or can tell any pitfalls of doing so?

before you opened a BZ IBC and applied for a Heritage bank account I would have done some research, for example on this forum, so you get a better picture on banking in BZ and the possibilities to get a bank account for it. Lately BZ banking hasnt been in a positive spotlight.

haha, good luck with these fees!

ask these guy here below. had some mail exchange on setting up a company in the tax free zone http://www.kaukapital.com/ Plus the one Martin Everson mentions

ran into this procedure with them when transferring a 5 digit number in. They were patient until I had all papers provided and then no problem. Luckily a local accountant could do the P&L and Balance for my BZ IBC

think your options are the go with an EMI or fly to Delaware to open an account in person. https://www.llcuniversity.com/business-bank-account-for-llc/

I dont say I agree with or approve this kind of fraudulent behavior at all. Quite surprised they did what they did and they got away with it.

what is so strange about this? Rietumu closed the accounts of all shell companies, took some money from them and continued as a bank.

and with TW you can HOLD money in many different currencies but not RECEIVE in different currencies (depending on where they open your TW account).

for what's it worth I would call TW to see what they say. But of course a helpdesk answer is no guarantee by any means