Can you guarantee the opening of my offshore company?

[brianK]

I need to know if it is possible that a offshore country can refuse to open a offshore company? If so can a CSP guarantee the opening of a offshore company in a certain offshore jurisdiction?

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[hugger]

Opening an offshore company is easy.


The difficult part is getting a recognised and respectable bank to open an account with an offshore (tax-haven based) company, especially if the company has a nominee director.


Also, no bank will be keen to offer a Merchant facility to any such company

Last edited by a moderator: Sep 19, 2012

 

[JohnLocke]

hugger said:
Opening an offshore company is easy.
The difficult part is getting a recognised and respectable bank to open an account with an offshore (tax-haven based) company, especially if the company has a nominee director.


Also, no bank will be keen to offer a Merchant facility to any such company
Click to expand...

I agree with hugger, the offshore company is no problem to incorporate and it is possible to give a 99,9% guarantee that the company will actually be incorporated.

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[hugger]

If I buy a Seychelles company with a nominee director (from CCLogic), am I guaranteed a bank account with one of your Cyprus banks?


If the answer is yes, will the nominee director be the signatory to the bank account?

 

[JohnLocke]

No, as you already mentioned yourself, the offshore company i.e. Seychelles company is not the issue the bank account can be. The banks have several requirements that a client need to comply to in order to open a bank account in Cyprus, if he/she fail they will refuse the account opening. This we can't for any reason not be held responsible for and for that reason we won't guarantee the account approval. That said, then the banks in Cyprus are very large and if you are not from a country with embargo or your are into some prohibited business i.e. pharmacy, gambling, mlm etc. then it will most often not be a problem to get an account approval.

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[brianK]

Thank you I see, the most important for me is the guarantee for the offshore company, if you fail opening a bank account I will find other countries that will accept my business. Thank you.

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[warrior]

if someone will give you a guarantee for an approval of a bank account or merchant account then run, run and find a other service:crazy:

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[marcel]

warrior said:
if someone will give you a guarantee for an approval of a bank account or merchant account then run, run and find a other service:crazy:
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This is the most stupid question I ever read. A bank is a 3rd party entity how should someone guarantee an approval it's like saying we are controlling the bank!

 

[stephenbestel]

I can give guarantee that the Bank would open a Merchant Account with an offshore incorporation even with Nominee shareholders and Director. A good bank would accept your business if they find out that it is genuine. I can help if you want

 

[JohnLocke]

I would be courteous if someone make guarantees without knowing my business and without a written pre approval from the Acquiring bank.


Pay attention to the many 3rd party processors that mix not allowed business with legit business, once the bank finds out everyone will lose their money. These processors disappear as fast as they came.


Also please read the forum rules stephenbestel! You are not far away from the first infraction.

Last edited: May 29, 2016
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[cosmo]

So offshore company guarantee is not a problem, the bank account will be a problem I guess?

 

[JohnLocke]

bundeswher said:
So offshore company guarantee is not a problem, the bank account will be a problem I guess?
Click to expand...

True, what we can do is to look into your business case first and ask the bank for a pre-approval after that we can guarantee the account opening if the business case is exact what the bank has seen. After we have opened more than 600 individual bank accounts we have seen much and I can tell you nothing is always as presented to us when it comes to bank account opening.

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[stephenbestel]

Lol..bankers are not to be blamed sometimes. Usually bank in offshore jurisdiction have 3 audits (Internal, Hired, Regulator). And each one will pester about KYC documents and monitoring in place

 

[cosmo]

stephenbestel said:
Lol..bankers are not to be blamed sometimes. Usually bank in offshore jurisdiction have 3 audits (Internal, Hired, Regulator). And each one will pester about KYC documents and monitoring in place
Click to expand...

Means what? How it change that you can guarantee a bank account approval?

 

[stephenbestel]

bundeswher said:
Means what? How it change that you can guarantee a bank account approval?
Click to expand...

Sorry was commenting on Admin in fact. Well if I have KYC of the Shareholder, BO, Directors and a business plan, I can do something for the guarantee with banks

 

[cosmo]

That make sense.. I just wonder what you will do if someone has some sort of funny business going behind the scene, will you refund him when you or the bank find out?

 

[stephenbestel]

After opening of account, if banks find out that something is fishy..I will try to find out whether this is true...If its the case, no refund...

 

[moneymaker]

So it is no guarantee it is actually what everyone does!

 

[stephenbestel]

Was wondering if you opened your bank account finally.