Is it possible to open account in Israel for non resident?

[hiju]

Hi Guys and Gals!

I'm all new and want to know if it is possible to open a bank account offshore in Israel for a person living in the Netherlands?

Do you know what privacy they have in Israel? I mean banking privacy if at all?

 

[JohnLocke]

Welcome aboard 😉

This is interesting, I never thought about Israel as an offshore jurisdiction for‌ banking. But hey, I can't be over all places 😀

 

[brutalzorn]

Is Israel banking anonymous and offshore?

 

[hiju]

I read it is but I also read you need an introducer to get a‌ bank account with Israeli bank

 

[Cari Swart]

Israeli banking is definitely not offshore nor anonymous. In fact, Israel is completely transparent so‌ be careful.

However should you wish to open a bank account, you will need to‍ physically go to the israeli bank in person, only 1 bank will allow you to⁠ open an account with them. Bank Hapoalim in Tel Aviv on Dizengoff Street will allow⁤ you to open a foreigner account. But it will be a savings account and you⁣ will be restricted to make certain transactions.

Hope this helps.

 

[brutalzorn]

That was useful. But if you have to visit the bank and still get limited‌ it's not worth it or what you say?

 

[Cari Swart]

Look, again, it all depends on what you want to use the account for. The‌ URL were on is offshore... Israel cannot and should not be used as offshore. Unless‍ its a savings account, and even then, what is the point? You'll get better rates⁠ in a Romanian account or a Georgian account.

 

[uplana]

Great, what banks you know there and do you know if accounts‍ can be opened remote?

 

[Cari Swart]

I know of a few banks in Romania and Georgia. Accounts can be opened remotely,‌ however only with an introducer or a law firm. So many scams out there, so‍ be careful which one you go with.

 

[negon]

Do you⁠ have any good and trustworthy introducer for Romania?

 

[Cari Swart]

How trustworthy can someone be that you have never met?
I have used him twice‌ before. Hasnt failed me, yet, as I always say.
He has for Romania and Georgia,‍ which I have both of, however I am looking for another location, and he is⁠ unable to assist me. I am looking for a fourth bank. Do you have anyone?⁤

 

[negon]

Well, if he delivers I'm fine with that, that's how all online business works 🙂 you mind to share who you think can help?

You can contact Euro Pacific Bank, Breder‌ Suasso, LeuPay, Cyprus banks (requires introducer) and there is CIM bank / Swiss bank, you‍ can find the thread about them on this forum.

 

[Cari Swart]

Sounds great. Could you PM me so that I can provide you his details, and‌ also to arrange some contacts of yours for those banks? If you dont mind.

 

[hiju]

Thank you guys... you have been of great help! I was just wondering, however, with‌ my new company I will not need a bank account as it looks like I‍ found a way to avoid all of this.

 

[JohnLocke]

What you think how reliable are the banks in⁣ Romania? I know we should open a new thread maybe, but for now an answer⁢ would be fine.