Best offshore bank CIM Bank Review maybe?
- Thread starter firestorm
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Could you be more specific on problem with USD transaction, please.
I have a business account with them for more than onу year with majority of transactions in USD. No problem noticed so far but everytime I am afraid of this as already had bad experience in other EU banks.
I have a business account with them for more than onу year with majority of transactions in USD. No problem noticed so far but everytime I am afraid of this as already had bad experience in other EU banks.
Last year I opened an account with them, it was complicated but I got the personal account after I transfered 50K to the account. I'm honestly not using them any longer because they were to complicated to work with.
Are you on the way to open an account with them now?
Are you on the way to open an account with them now?
I thought about getting a personal account with them, but I don't feel like deposting 50k with them tbh
I was interested in opening personal bank account with CIM and they said that initial deposit is 5k € , and minimum balance required is 1k. That seems very reasonable.
However I can't find any real review of the bank.. and that kinda put me off. No real experience so decided to let it go for now..
However I can't find any real review of the bank.. and that kinda put me off. No real experience so decided to let it go for now..
that's better, as I said, it is case by case.
You can find some reviews here on the forum:
https://www.offshorecorptalk.com/threads/best-offshore-bank-cim-bank-review-maybe.14995/
there are even more, use the below strin on google:
Code:
You can find some reviews here on the forum:
https://www.offshorecorptalk.com/threads/best-offshore-bank-cim-bank-review-maybe.14995/
there are even more, use the below strin on google:
Code:
site:offshorecorptalk.com cim bankHello,
I own Scotland LP and some time ago I've got email from CIM demanding me to open an office and to hire an employee in UK. I have an offer from my registration company to send me the documents proofing I have an office and employee for 2350GBP/year. They send me the sublease agreement and work contract with UK citizen for that.
I am struggling if I should pay for that (how long it will help me to save the account?) or search for my luck in another banks (like Russian, for example - I have some good connections there). Or probably rent a︀ real office in UK and hire some person there.
A little bit tired of this︁ cat-and-mouse game and looking for some long-life solution for my business. Even thinking about moving︂ my business to my residential country.
Any thoughts?
I own Scotland LP and some time ago I've got email from CIM demanding me to open an office and to hire an employee in UK. I have an offer from my registration company to send me the documents proofing I have an office and employee for 2350GBP/year. They send me the sublease agreement and work contract with UK citizen for that.
I am struggling if I should pay for that (how long it will help me to save the account?) or search for my luck in another banks (like Russian, for example - I have some good connections there). Or probably rent a︀ real office in UK and hire some person there.
A little bit tired of this︁ cat-and-mouse game and looking for some long-life solution for my business. Even thinking about moving︂ my business to my residential country.
Any thoughts?
Yes, CIM︃ has imposed those new rules, they want to get rid of offshore companies.
What is︄ important in your case is would the fact that you are renting office space and︅ have local employees change tax treatment of your entity? UK/Scotland LLP/LP entities do not pay︆ taxes if you do not operate or have physical presence in the UK. This could︇ change your company status and eventually you could get taxed. You better check this before︈ you go for that option.
What is︄ important in your case is would the fact that you are renting office space and︅ have local employees change tax treatment of your entity? UK/Scotland LLP/LP entities do not pay︆ taxes if you do not operate or have physical presence in the UK. This could︇ change your company status and eventually you could get taxed. You better check this before︈ you go for that option.
This is a new requirement as of 3 months ago. They will agree to open non-resident account for your company only if you have a physical presence and employees in the country of incorporation. What about this requirement is a contradiction?
If you are a citizen of Belgium with company incorporated in Belgium with office and employees in your Belgian firm, CIM will onboard︀ you.
if you are a citizen of Belgium with the company in Hong Kong without︁ physical office and employees in HK, they will not onboard your HK company
If you are a citizen of Belgium with company incorporated in Belgium with office and employees in your Belgian firm, CIM will onboard︀ you.
if you are a citizen of Belgium with the company in Hong Kong without︁ physical office and employees in HK, they will not onboard your HK company
Looks like the time for real office setups all over the world is booming now. It must be good business if you are able to setup a real office, with employees, with utility and all proforma to satisfy banks all over the world.
If that is what the banks require today, it must be a good business.
If that is what the banks require today, it must be a good business.
I just gave a random example. switch Belgium with Tanzania if you wish, the procedure is the same 😀
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