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@rowena Which private bank did you went for? Same as you I'm looking to keep my assets in a safe place. I'm discussing with VP Bank, they require only 1M CHF but I don't know much about them. I've talked to LGT and they require 5M CHF invested.

Short review of Fred's services: Dubai company - done. Personal bank account in UAE fast and easy - done. Business bank account - pending - banking for a free zone company takes longer. Assistance in opening CIM Bank account as Dubai resident - done. All good so far, I moved mid 6 figures to...

For dividend payouts my banks ask for board minutes but in some cases they might ask for source of funds.

Do not bother, they returned the funds and closed my account for 6 figs intra company transfer.

@manilobino hopefully your problem is solved but what route did you go? Have you found good banks for your assets?

What do you mean by investing 3m for residency? You can not just hold this money in a regular account?

Why do you want to do that?

Got it, we are looking into opening a bank account in Ireland.

The plan was to have him receive the loan in a UK bank so that there's no connection between me/my SEY company and RO. This way the investment in RO company comes clean. I don't want to complicate things for him as he has a stable job, wife, kid, etc but I won't waste your suggestion and I will...

Yes, he will not pay back this loan.

My cousin lives and works in UK for around 5 years so I think he is not UK non-dom, but how we can check? I want to use his account in the UK so the investment into project looks clean in the eyes of RO tax agency. You're right, offshore loans are tricky and HMRC might see the loan as...

Hi, My cousin, UK resident of RO nationality, plan to set up a loan agreement of 300k between him and and my SEY company. The purpose of this loan is to have him invest in a real estate company in RO so the money won't be used in UK. But we need his local bank account. Could you please advise...

I'd really want to know what EU country is that, I guess its RO, BG maybe HU?

Don't think so, we're not that in line with all regulations here in eastern europe.

MKB, until end of August, after that I need to liquidated it.

The bank account of SEY company is in EU and because of CRS the nominee seemed a bit useless. In case the deal goes as planned should be better to get one.

@avalanche, my accountant's plan its pretty simple, four loan agreements and four bank transfers, after that he will merge all four into one company and voila. Acquisition through a Cyprus company with nominee director I think is much better. My question is how fast I can have the bank...

Hi @newNomad, the plan is to buy the shares of the local company through 4 local companies (RO Ltd's), not offshore companies. My accountant already has two ready and we need another two which are new. I will be shareholder in all four, I will sign each loan agreement for 200k from my SEY or...

Hi everyone, My local accountant informed me that one of his clients is selling 60% of his company (A) that owns a large plot priced at around 800k. We agreed to buy it, he has a small part of this amount and I should invest the rest. The accountant suggested to setup 4 local companies (RO)...

I'm opening this discussion because I'm in a similar situation. Same situation, I want to liquidated my Seychelles company and don't know what to do with the assets. I took money from company account many times. Maybe transfering the ownership of the SEY company to my local (RO) company is a...