Offshore bank accounts

[Xerkki]

Hi.

I was wondering if the following bank`s open an business accounts for non-resident foreign companies :
- Fio Banka (Czech Republic)
- Podgoricka Banka (Montenegro)
- Prva Banka (Montenegro)
- Bank of Georgia (Georgia)
- Canadia Bank (Cambodia)

Any experiences?

Company itself is from Denmark.
Just need Fio, Podgoricka or Prva for our European businesses (East and Northern Europe)
Georgia bank account for our investments (Globally)
Cambodian account for our Asian businesses (Thailand, Cambodia and Vietnam)

Can also suggest any good banks.

Thank you.

 

[ikan]

You can open business account in Podgorica - Montenegro with others banks you did not list. Stick to the banks 100% Montenegro...... Not the EU ones or CRS ones.
No remote opening in Podgorica. Go there few days, stay down town. Do you local shopping walking from one bank to the next one with your company papers and forms.
In Podgoricia, always enquiry and make sure what are the limits and terms for business purpose. Make sure they open International account (not just domestic purpose account !!!!!).
When account is Open, it may take 1 to 3 days to get your Debit Card ready for pick up. So plan extra time to collect it at the local branch. Caue most banks usualy dont send by Postal Service.

 

[AndrewJ]

I tried Bank of Georgia for HK company. They said no immediately.

 

[aage]

ikan said:
You can open business account in Podgorica - Montenegro with others banks you did not list. Stick to the banks 100% Montenegro...... Not the EU ones or CRS ones.
Click to expand...

how do you setup the account, do we need to travel there, any minimum deposits, other strict requirements?

 

[ikan]

yes you need to travel there. I'm not so aware for companies and requirments. few hundreds for minimum deposit ok . For business and outgoing international payment order they do like in Georgia => they ask to you provide invoice or any other documents.
I don't know if they open for "off shore" or far away juridictions...
If you stay down town / old town : you can visit all banks by walking one after one from your hôtel.

 

[Spinat]

For a Danish company it may be easy to open a foreign bank account is it a ApS or A/S or personal company?

Transferwise can open an account for this company so almost every other EMI you can find here List of Banks, EMI's, Payment processors and BTC to FIAT institutions. or anywhere else.

For banking you may face the same. Denmark is a high trusted and well recognized country with the right people in the country for banking of your choice it is as easy as 123.

Toggle signature
Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
Contact

 

[Xerkki]

Ok. Thank you for your answers.
The company is ApS.

I just got an offer for Vietnam bank account also.
Any experiences?
Can you trust vietnamese banks and do they share your information? At least they are not the Part of CRS.

 

[reesek]

AndrewJ said:
I tried Bank of Georgia for HK company. They said no immediately.
Click to expand...

Hk companies are following the path of bvi. Very few places left that can accept them and then the cost to open is relatively high

 

[reesek]

Xerkki said:
Ok. Thank you for your answers.
The company is ApS.

I just got an offer for Vietnam bank account also.
Any experiences?
Can you trust vietnamese banks and do they share your information? At least they are not the Part of CRS.
Click to expand...

If you want to transact in usd it will be very hard both in georgia and vietnam. These countries are treated like next lebanon unfortunately

 

[Xerkki]

Ok. Thank you.

How about Cambodia?
I see they use more likely USD than their own currency?

 

[reesek]

its not even a joke ;0
think of moving all payments to euro accounts, there are solutions that will support and open accounts for foreigners

 

[JohnLocke]

reesek said:
think of moving all payments to euro accounts, there are solutions that will support and open accounts for foreigners
Click to expand...

I would love to learn about EURO accounts other then EMI's - means real banks that open bank accounts in EURO for foreigners, any particular bank you can suggest?

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[reesek]

i dont think banks have future in payments, there is very little sense now going after a bank to have payments account
mortgages and lines of credit is a separate matter
there are payment institutions that are safer than some banks so no, other than uae banks and swiss banks that make money other ways, there are no banks i would recommend getting a euro account with

 

[reesek]

the point of the topic was that one should switch from usd payments to euro ones as they are much easier to process for a foreigner outside usa

 

[KJK]

Xerkki said:
Any experiences?
Company itself is from Denmark.
Click to expand...

What is your business area? I guess you shouldn't have problems with such banks for a Danish company (if you're also Danish).
They may want some documentation and they will ask you why you want to bank with them.

Then in the end it depends on your business area/niche - some of the banks may not like what you'd do so. Probably no remote opening, however if you're Danish, you arrive there, then I guess it's fine.