Basic questions about Leupay corporate account application

[Dagobert Duckson]

I have a BVI registered company and am trying to set up a Leupay account for it. I've gone past the SMS verification step. Now I'm being asked, among others, to supply a "Certificate of Actual Status" containing company name, address, names of legal representatives etc. I have never heard of such a certificate, unless they mean a simple letter that I issue in my capacity as Director of the company. Is that what that is?

Further they want to send the pay card to the registered address of the company. I'd rather not use the (expensive) forwarding service of my registering agent in the BVI. Is there a way that I can have the card sent to my actual residential address instead?

Thanks.

 

[Internationaloff]

For example "Certificate of Incumbency︂ with Apostille".
Use letter with PIN (with courier) for Final Verification. thu&¤#

 

[Dagobert Duckson]

Thanks! I had no idea such a certificate exists!‍

Regarding the letter with PIN, it will still be sent to the registering agent in⁠ the BVI though so I'm not sure how that's better....

 

[diablo]

ask your service provider to give⁠ you this letter, pretty easy. if they can't get it faked by @auric.
If you want the card you will have⁣ to get it send there. Or have you asked their support if it is possible⁢ to get the card send to you if they verify you?

 

[Dagobert Duckson]

Got it. I guess I do want the card so can't be helped, I'll pay the⁤ fee for forwarding to me. Thanks for your response.

 

[happyjohn]

not possible, they want‍ to send the card to the Company address. Best is to get a virtual office⁠ service where you register the Company or find a Virtual office service where you can⁤ get a virtual number too! Once you have both register the Seychelles Company with this⁣ address or get fake docs from @auric that proof the Company to be registered on⁢ the virtual office address. Very easy, just think out of the box guys!!!

 

[hofo]

Why do they think this makes it better security and verification vise to send the‌ card to the company address doh948""?

 

[happyjohn]

at least it made it more complicated to apply for a business account 🙂

 

[Dagobert Duckson]

Alright, another question. I have set up an offshore trust. The main purpose of the‌ trust is to invest some of my savings in ETFs through a regular online broker‍ such as Interactive Brokers, Trade Station etc. (Why do I need to do this through⁠ a trust? Long story but not relevant to members here, I'm pretty sure. It's very⁤ specific to my personal situation and has nothing to do with taxes or concealment of⁣ identity.)

These brokers all want funding to come from a "bank account" in the name⁢ of the trust. Does anyone here know whether they will accept a Leupay account as︀ a "bank account"? My understanding is that Leupay is basically the online arm of Satabank,︁ so presumably when I make a wire transfer it will appear to be coming from︂ a Satabank account.

Is this correct?

 

[Internationaloff]

Yes, because Leupay︃ is Satabank PLC.

 

[Dagobert Duckson]

Well, that's one small mercy. I'm finding setting up a bank account for an offshore‌ trust very difficult without an agent, and then most offshore banks have monthly fees, minimum‍ account balances etc so wouldn't really serve me very well.

Out of curiosity, Internationaloff, does Loyal Bank use the IBAN system, and do they have monthly (or annual) fees,⁠ and minimum balance requirements?

 

[Internationaloff]

Bank account with Leupay or⁣ other bank?
All banks in Saint Vincent and the Grenadines don't use IBAN.

 

[Dagobert Duckson]

I am asking about Loyal Bank. Do‍ they charge monthly fees or have minimum balance requirements?

 

[Internationaloff]

Personal or Corporate account?

 

[Dagobert Duckson]

For a trust. So I guess that would be corporate then.

 

[Internationaloff]

The Minimum Initial Deposit (MID) is €/$ 1,500.00

 

[Dagobert Duckson]

OK, and no monthly or annual fees? I'm really only looking for something that I‌ can use to make a couple of transfers per year. The account wouldn't have much‍ money in it (although no problem maintaining an account balance of $1500).

 

[Internationaloff]

FEES $

 

[Dagobert Duckson]

That's what I thought. I wish there were a reputable offshore bank that didn't have‌ these fees.

Oh well, I'll try with Leupay first.

 

[Internationaloff]

Offshore banks are not cheap. Leupay is a good alternative.