Delaware Company Opening Account at CIM Banque

[Alex4Days]

Hi there

I just incorporated a US-Delaware company and would like to open a account at CIM Banque. Does anyone have any experience with CIM Banque? Would love any kind of tips or opinions

 

[Samuel Newman]

they will not accept Delaware company
try banks in Cyprus

 

[Spinat]

Is accounting required for a Delaware company? if not, forget Cyprus by now!

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[Alex4Days]

Samuel Newman said:
they will not accept Delaware company
try banks in Cyprus
Click to expand...

Could you please recommend specific banks? Is Eurobank a good option?
Could a HK company open at SIM Banque?

blueweb said:
Is accounting required for a Delaware company? if not, forget Cyprus by now!
Click to expand...

It's not required but by the new law it has to be presentable if needed. Don't they accept companies that are required to account?

Thank you guys a lot for the fast answers.

 

[Samuel Newman]

Alex4Days said:
Could you please recommend specific banks? Is Eurobank a good option?
Could a HK company open at SIM Banque?
Thank you guys a lot for the fast answers.
Click to expand...

HK without nominees might be accepted by CIM
All documents must be notarized

 

[Martin Everson]

The question has to be asked why you open a Delaware company, what is the rationale?

Also why the quick move to HK company discussion...lol. Perhaps if you explained a little more about what you wanted to achieve people could help you more.

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

 

[Alex4Days]

Martin Everson said:
The question has to be asked why you open a Delaware company, what is the rationale?

Also why the quick move to HK company discussion...lol. Perhaps if you explained a little more about what you wanted to achieve people could help you more.
Click to expand...

Hi there,

I don't wan

I want a zero tax jurisdiction.
I have already a registered Delaware company. Its a online store I am running and think its okey fit? What would your recommendation be?

I am thinking Stripe -> TransferWise -> Bank account solution,

 

[Martin Everson]

Solution sounds reasonable and your personal tax situation?

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

 

[Alex4Days]

Martin Everson said:
Solution sounds reasonable and your personal tax situation?
Click to expand...

Currently living in a high tax EU country(25%+) ill probably move next year.

 

[Martin Everson]

Ok

But doesn't stripe send information to tax authorities?

Services Agreement - United Kingdom

"We may send documents to you and tax authorities for Transactions processed using the Services. You agree that we may send you any tax-related information electronically."

Anyway have a good evening.

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

 

[Alex4Days]

Martin Everson said:
Ok

But doesn't stripe send information to tax authorities?

Services Agreement - United Kingdom

"We may send documents to you and tax authorities for Transactions processed using the Services. You agree that we may send you any tax-related information electronically."

Anyway have a good evening.
Click to expand...

But it is not illegal owning a Delaware company? I will pay income tax after all?

 

[Banker89]

If you have a Delaware company, want to sell by e-commerce, and are happy to pay taxes on profits (or move to a zero tax jurisdiction) then why not just open a USA bank account? You will find it works out cheaper and more convenient even if the set-up costs are a bit higher. If Stripe supports your business type you can open a USA Stripe account.

 

[James Turner]

CIM will accept a HK Company if the nature of business is acceptable. Cyprus is out of the question for any company location without forced accounting and a physical presence in the country of formation, but banking options do exist for Delaware companies.

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