License / bank account / offshore jurisdiction for ecurrency exchange service

[msatm]

I am planing to open ecurrency exchance service,so I would like to know which country/island‌ offshore IBC jurisdiction is best for that and which need and which dont need license‍ for doing such type of business?

Also which country offshore bank accounts are best for⁠ IBC,I mean that will accept this type of bussniess,couse I speak with some agents and⁤ they told me that is nearly impossible to open bank account for this purpose.

I would like to know which offshore banks jurisdictions are favorably and with lowest fees?

Or if you have your own expirience or suggestions I would like to hear it?

PS.

Couse I think,if I run this like person in my own country,without license couse the⁣ law doesnt "know" of such license would that be illegal?

 

[JohnLocke]

You will need a license for⁠ such activity at least if you need offshore banking as well, so you may look⁤ into the Seychelles Mutual Fund.

If you don't have a license it is impossible to do it legally, thats︁ why most accounts are frozen and people scream because they open accounts and don't tell︂ the truth.

Cyprus banks have one of the lowest fees in regards︄ to offshore banking, just a fact if you like it or not. Alternatives are Swiss︅ or Seychelles banks.

 

[JohnLocke]

Don't do‍ that, if you get cought it will hurt.

 

[msatm]

It is not clear to me,what charges I will face?

And most of them are still running without offshore company so that means personally and receive︅ money on their own bank account im country where they are residence but still running︆ and they have no problems with law,how is that possible ?

Can you tell me︇ what are the approximately fees that your company offer in Cyprus for sending/receiving $ on︈ IBAN/SWIFT on monthly/yearly basis,what are the limits on monthly/yearly basis,do they issue debit cards if︉ they do what are daily/monthly/yearly ATM withdraw limits and fees?And ofcorse do they accept this︊ type od bussnies ( exchaning ecurrencies ).

Btw you mention license?Is license required for Seychells︋ IBC or not?

And is Seychells Mutual Funds same like IBC,if no what is the︌ diffrence?

What is the solution that you offer for me and approximately the cost of︍ it,if you can post it here.

 

[SHAHDAD]

Dear Sir

I want to incorporate an IBC in Seychell and get needed softwares for‌ a forex broker but not working as a forex broker , acquiring clients or accepting‍ funds But trading with my own fund. As I have read in your forum ,⁠ this way I don't need a brokerage license or regulation . But what about the⁤ banks? Do they open a bank account for me?

Regards