Panama offshore company will it be best for my situation?

[prouvl]

I'm looking into a Panama company to be registered for my online business. The company formation in Panama is OK in regards to fees but opening a bank account and merchant account in Panama is difficult and a very complicated process. The fee the banks charge are outrageous.


What rae my alternatives in regards to offshore bank for my Panama company?

 

[bugeja]

Can you explain to me why you looking for a Panama company formation?

 

[thorsten]

We are in the same situation, looking for a offshore company with merchant account as well. Panama seems to be a solution for the issue.

 

[JohnLocke]

You may either pay the fees they want in Panama or you may want to look into offshore jurisdictions like Mauritius or Cyprus with merchant account facility.

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[prouvl]

Yeah!! But, I'm looking for a cheaper solution and think I found one with RBS Worldpay they require me to register a company in Europe and suggested UK.

 

[bretta]

RBS Worldpay does not support high risk business. But do you think they will accept telecard sales? Is Cyprus considered offshore company?