CIM SWISS BANK and Cryptocurrency

[Punk92]

Hello,
3 quick questions please

1- Do CIM deal with cryptocurrency investor? and do they require a proof of wealth?
2- will I be taxed for capital gains?
3- your reviews on CIM in general

 

[James Turner]

CIM do not handle Crypto and do carry out due diligence on source of funds,‌ generally on a transactional basis. Whether you will be taxed on Capital Gains requires a‍ more in depth discussion and details about you, what you are doing, how you're doing⁠ it, your residential status etc. CIM in my experience are a good bank.

 

[Punk92]

Thanks,
But I don't need them to handle crypto. What I'm⁣ going to do is transfer my Crypto to USD in a well-known crypto exchange and⁢ then have my fiat money transferred to CIM. What worries me is that CIM will︀ not accept the fiat transaction because it came from a crypto-exchange. Would that happen?

 

[James Turner]

That is definitely possible. Maybe run the transaction through an EMI first and then on‌ to CIM.

 

[Punk92]

Not so much into EMI, I'll just‍ pour the whole thing in.
Sorry but how is tax related to my social, occupational,⁠ and financial life? I'm living in the Middle East. Why would they tax me on⁤ capital gains while 1/ the money was made outside of Switzerland and 2/ I'm not⁣ living in Europe

 

[Martin Everson]

They don't deal with crypto and they do require solid‍ proof of wealth. CIM is a decent bank but not cheap.

Just use Bankfrick instead of CIM.

P.S You should have also mention where you reside in first post. Capital⁠ gains tax is quite common for most countries with taxation.

 

[Mark Rucken]

Anything related to Crypto is a big NO for CIM bank. If you have any‌ connection to crypto avoid them. They are a pain in the a** during account opening‍ process, but once you get IBAN, things go smoothly.

 

[Punk92]

Everyone is saying things that are not even remotely related.
guys please help me if‌ you know what you are talking about and have solid experience in the bank

 

[JohnLocke]

It seems to me that you have to learn a lot⁠ before you go further with your plans! You may read the forum and use Google⁤ to search Offshorecorptalk.com for already available information, this may help you to understand it.

 

[Martin Everson]

You ask‌ this question and then later say:

I can conclude from⁤ this that you have zero understanding of capital gains taxes (and possibly taxation in general)⁣ and are trying to relate it to where money was earned and not living in⁢ Europe....lol 🙄.

I think you have a basic comprehension problem. CIM︁ don't want no middle east crypto investor I can assure you....lol.

 

[Punk92]

lol, why so intense?
all I did was coming here looking for answers, and what I get is a judgmental⁣ punk a*s. if you are so against Middle East, what's with the MBS pic? yeah,⁢ it's your kind who wipe Middle Eastern's asses after they take a s**t.

 

[Martin Everson]

Ok 🙄

You mean Mr Bone Saw aka MBS? Not sure why I chose a tyrannical smirking fat⁠ a*s incompetent dictator as a pic to be honest conf/(%. I guess the irony is⁤ lost on you.

Please don't be so upset my brother. Look,⁢ I invite you to come to our consulate in Turkey for tea and biscuits. We︀ discuss this further - let us not argue in public. Oh and use the backdoor︁ on arrival my brother. I promise you I have onsite best toilet paper in all︂ of Arabia to show you a*s wiping techniques.

Yours sincerely Mr Bone Saw aka MBS︃

 

[Punk92]

What started out as a financial advice ended︁ up as a political agenda.
So much for an offshore consultant, Farten.

 

[TurnedToRobot]

@Punk92 you need to point the finger on yourself and not blame others for the‌ outcome of this thread. There are some valid answers here and you ignored them!

 

[Martin Everson]

In future don't bring up‍ the middle east again as I didn't. Just ask your questions and if you don't⁠ like answers then move on thu&¤#.

 

[Verbatim]

Any update on CIM and crypto? would they accept crypto-derived funds to be deposited there?‌

 

[avalanche]

Did anything change regarding CIM Banque not handling crypto? I'm wondering⁣ if its a good idea to receive withdrawals from Kraken on CIM account 😀

 

[Fred]

Things changed but in the other direction.

CIM has meanwhile big pressure from correspondent banks and‍ open lately personal accounts only - even when they claime otherwise.

Had some clients recently⁠ they got rejected from them with UK non-dom residence and UK Ltd but on they⁤ other hand I know in the same time they did onboard Tunisian national with Belarus⁣ residence - lol.

 

[Jerry1911]

What is the minimum deposit with CIM nowadays? (for personal accounts)

 

[flyingadventures662]

Sorry I am not sure I understand.

So they don't accept crypto related funds coming from‍ crypto exchanges (or crypto sourced dividend)?