Offshore bank account to accept payments from customers good?

[craigs]

I wonder if there is something wrong to ask my customers to pay their invoices directly to my offshore bank account? That would make it easier for me to move with the incoming money.


Anything wrong doing so?

 

[JohnLocke]

It depends on your company setup. If you have a offshore company which is considered to trade abroad and for that reason is taxed abroad it has its advantages to let your customers pay directly to the offshore companies bank account.

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[TradingChina]

What bank account will be good for taking payments into offshore company?

 

[bugeja]

Where are your customers coming from? HSBC may be good alternative or RBS In Ireland.

 

[JohnLocke]

TradingChina said:
What bank account will be good for taking payments into offshore company?
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A Cyprus bank account would work well. If the vast majority of your customers coming from Europe they will even prefer it.

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[craigs]

Thank you! I learned nothing wrong and the customers I asked if they had any issues answered positive 🙂