Is my identity exposed when opening corporate bank account ?

[tjeerd]

If I open a Seychelles holding company which will hold the shares of a Cyprus company which has nominees tom protect my privacy


... Do I then have to expose my identity to the bank ?


Can the above company pay 0% tax by being an offshore company which doesn't do business in Cyprus ?


Also, how do I get money out of the company? Debit card ? ATM card ? Credit card ? Bank transfer to another account ?

Last edited by a moderator: Jun 1, 2011

 

[JohnLocke]

If I open a Seychelles holding company which will hold the shares of a Cyprus company which has nominees tom protect my privacy
... Do I then have to expose my identity to the bank ?
Click to expand...

Yes, but Cyprus has still the banking secrec in place which will protect your identity and privacy by far the in most cases, exceptions are criminal / illicit activity.

Can the above company pay 0% tax by being an offshore company which doesn't do business in Cyprus ?
Click to expand...

Yes that's actually what many are doing.

Also, how do I get money out of the company? Debit card ? ATM card ? Credit card ? Bank transfer to another account ?
Click to expand...

All banks offer a Debit card that can be used in any ATM worldwide, further you can Wire Transfer the money to any bank account worldwide directly from the Internet banking.

Last edited: May 29, 2016
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