Account Closure

[bigladsmith]

Well the inevitable has occurred, my current bank have advised my account will be closed at the end of the month pending a review of all clients.

So the hunt is on for a new bank.
My company is located in the Seychelles hence my options will be limited but apart from EPB what are my options?

Has anyone experience of Transferwise? What is their CRS position also?

are there any other non-CRS options?

Let me know folks.

 

[JohnLocke]

bigladsmith said:
Has anyone experience of Transferwise? What is their CRS position also?
Click to expand...

For me it has been working fine using Transferwise and as you may see from the many threads around they don't do any reporting yet.

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[user9823671]

IS there going to be any differences of effectiveness if you are an online business selling one off big items vs a subscription product with smaller monthly charges?

 

[Gediminas]

bigladsmith said:
Well the inevitable has occurred, my current bank have advised my account will be closed at the end of the month pending a review of all clients.

So the hunt is on for a new bank.
My company is located in the Seychelles hence my options will be limited but apart from EPB what are my options?

Has anyone experience of Transferwise? What is their CRS position also?

are there any other non-CRS options?

Let me know folks.
Click to expand...

What is the business you do?

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https://locked.money - Your Crypto Management Company, Ready in Days ”“ Trade, Invoice, $1,200/Year!

 

[GuevaraGoldberg]

Is it Stern Bank that is closing your account at the end of this month?

 

[Martin Everson]

bigladsmith said:
My company is located in the Seychelles hence my options will be limited but apart from EPB what are my options?
Click to expand...

Try Al Salam bank Seychelles. See below post I made a while ago.

Martin Everson said:
Al Salam bank of Bahrain opened a branch in Seychelles. Could be an option to investigate.

https://www.alsalamseychelles.com/en/Pages/default.aspxOpening Docs
https://www.alsalamseychelles.com/en/RETAIL-BANKING/Accounts/Documents/Non-Individual application form_Seychelles.pdf
Click to expand...

P.S You still owe me a beer.

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

 

[DarkNonow]

Hi there.
Al Salam bank Seychelles do need an introducer or not for Individual account?

 

[bigladsmith]

GuevaraGoldberg said:
Is it Stern Bank that is closing your account at the end of this month?
Click to expand...

Yes that's correct

 

[bigladsmith]

Martin Everson said:
Try Al Salam bank Seychelles. See below post I made a while ago.



P.S You still owe me a beer.
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Hey, yes I do still owe that beer, you know where I am so if you happen to be in my part of the world let me know Martin.
I'll take a look at that thread right now.

 

[DGTLOTC]

What is your business ? sector/industry wise ?

what currencies are
You looking for ?

 

[bigladsmith]

EUR99 said:
What is your business ? sector/industry wise ?

what currencies are
You looking for ?
Click to expand...

I'm a consultant in the engineering sector, nothing shady or underhand. Currencies would be USD and GBP

 

[Martin Everson]

DarkNonow said:
Hi there.
Al Salam bank Seychelles do need an introducer or not for Individual account?
Click to expand...

Not sure. Just apply if you need an account. They won't bite.

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

 

[bigladsmith]

Martin Everson said:
Not sure. Just apply if you need an account. They won't bite.
Click to expand...

Does anyone know the banks CRS reporting? I assume they report as they are based in the Seychelles

 

[Spinat]

Martin Everson said:
Not sure. Just apply if you need an account. They won't bite.
Click to expand...

Do you know if they only accept Seychelles companies or foreign companies too?

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
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[Martin Everson]

bigladsmith said:
Does anyone know the banks CRS reporting? I assume they report as they are based in the Seychelles
Click to expand...

They report.

blueweb said:
Do you know if they only accept Seychelles companies or foreign companies too?
Click to expand...

They accept other companies but they are in Seychelles to fill the gap in market for banking Seychelles offshore companies.

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

 

[bigladsmith]

Martin Everson said:
They report.



They accept other companies but they are in Seychelles to fill the gap in market for banking Seychelles offshore companies.
Click to expand...

Bad luck on the reporting

 

[Spinat]

Thank you very much for the response Martin. It is still useful for all of us with Seychelles companies.

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Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
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