Offshore bank doesn't require bank reference

[Nishizawa]

I am a web programmer living in Asia. I am looking for an offshore bank to open a business account for my business.

Most of them require bank reference letter to open a bank account. But in my country, the bank does not issue a bank reference. There is no such system.

I first contacted Euro pacific bank and now waiting for them to open account.(They told me to submit a bank statement instead of a bank reference.)

But I read many bad reviews about them. Someone even said the Euro pacific bank is a scam. I do not know if I can really trust them. I'm afraid that they will suddenly close my account.

I would like to prepare an alternative in case of emergency. Is there any offshore bank that does not require a bank reference?

 

[Martin Everson]

Where is your company based. You don't think that is important information?

Euro Pacific Bank as I have said over and over again is a bank people go to for only two reasons.

1. They cannot open an account anywhere else and have an offshore company
2. They are trying to avoid CRS.

So I guess you fall into category 1 am I wrong? So where is your business based?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Nishizawa]

Martin Everson said:
Where is your company based. You don't think that is important information?

Euro Pacific Bank as I have said over and over again is a bank people go to for only two reasons.

1. They cannot open an account anywhere else and have an offshore company
2. They are trying to avoid CRS.

So I guess you fall into category 1 am I wrong? So where is your business based?
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In seychelles.

Well, I didn't think about avoiding CRS. I just wanted a bank that did not require a bank reference.

 

[Martin Everson]

Nishizawa said:
In seychelles.

Well, I didn't think about avoiding CRS. I just wanted a bank that did not require a bank reference.
Click to expand...

So you telling me you found a bank willing to accept a Seychelles company but the stumbling block was giving a bank reference so you turned to EPB?

So now you are willing to go with an opaque Ponzi scheme of a bank in a bankrupt country because a bank reference is holding you back?

If no other bank is willing to accept you without proper KYC but EPB is then what does that tell you about them?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnLocke]

Nishizawa said:
In seychelles.

Well, I didn't think about avoiding CRS. I just wanted a bank that did not require a bank reference.
Click to expand...

Most banks in Cyprus don't require it unless you have some sort of shady business or can't explain your business very well. Other than that I agree Euro Pacific Bank is not worth to spend time on.

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[Nishizawa]

Admin said:
Most banks in Cyprus don't require it unless you have some sort of shady business or can't explain your business very well. Other than that I agree Euro Pacific Bank is not worth to spend time on.
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Thank you for telling me. I'll going to look at the banks in Cyprus.

 

[Bit Tilted]

Its just this type of important and informative, concise and succinct dialog that keeps me addicted to reading all this stuff on Offshorecorptalk.