leave money to corporate bank account

[Volex]

What are the risks to leave all the money to the corporate bank account of a seychelles or belize company for many years?

 

[negon]

Do you believe there is a risk? I don't think so. I have had my‌ money for some years on a Cyprus bank account never had a problem. I feel‍ very comfortable with it.

 

[Volex]

If th company has problems with⁠ a bank or the law the corporate bank account will be distrained.

 

[JohnLocke]

Yes that is totally right, how does this differ from a onshore bank account in‌ any other bank and a Cyprus bank?

 

[negon]

You are right. If we get the 3rd world war we the bank account will‌ not work anymore and we will all have to trade in food.

 

[hiju]

I will not have problems to leave my money in my Cyprus bank account once‌ I have it operative. I will also keep a few thousands in each of the‍ wallets to split my risk!

 

[DeMajor]

I have had an Cyprus account since 2010 with the same bank USB bank.. never‌ ever had any troubles I have thousands of euros there!

 

[hiju]

great reply.. thank you I just felt more comfortable now.

 

[Volex]

Zero risk does not exist!

 

[negon]

totally agree, there is always‌ a risk, just take a look at major banks around the globe.

 

[Sebra]

But, Wenoff, if you are looking to minimize risk when it comes to banking, may‌ I suggest that you take a look at Euro Pacific Bank that is a so‍ called 100% reserve bank. This means that they do not lend out or "play" with⁠ your money as the the usual banks do. I would feel much more comfortable to⁤ leave my money in that kind of a bank. This kind of banking does however⁣ mean that they have to take some higher fees on most services and the eventual⁢ interests you may earn will be very low. You may look into their gold backed︀ account as well. I am not an expert in either offhsore banking or offhore corps,︁ merely a newbie, but I share your concern on this. Very few banks, offshore or︂ not, are sound and safe these days.

 

[Volex]

Sebra what banks are you using?

 

[Sebra]

I am not there‌ yet 🙂 For the moment, I consider several set-ups for offshore corp. Euro Pacific Bank is‍ the bank I will prefer to go for if I finally decide to go offshore.⁠ I do not think my business will have a lot of activity in the very⁤ beginning so the fees will not bother me too much. If so, I just add⁣ WorldCore and similar e-wallet solutions to the mix.