Personal or Corporate offshore bank account what is best?

[wosniak]

I need to know if it is better to open a Personal offshore bank account or better a corporate account?


I read it would be best to register a offshore company that opens the offshore bank account, but why is that so and is it true?

 

[JohnLocke]

I need to know if it is better to open a Personal offshore bank account or better a corporate account?
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For privacy and anonymity it is always better to open a corporate bank account, this means, you will want to incorporate a offshore company which opens the bank account, make sure the company and bank account are in different countries.

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[wosniak]

What do you mean with Privacy and anonymity?

 

[JohnLocke]

I mean that if you don't want to have you name listed anywhere then it would be best to open a corporate bank account and not a personal account.


Please read this article as well: Offshore Company Forum - Open bank account in Cyprus, personal or corporate?

Last edited: May 29, 2016
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[NetX]

But hte bank always ask the economic beneficiary of the company, so your name will always be written somewhere, right ?

 

[JohnLocke]

Yes that's true, the bank will always know who the beneficial owner is, that is part of the Due Diligence and several International regulations. However, that don't mean that they will just release your name or information to sudden requests, at least not in Cyprus!

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[clemens]

There is no such thing like anonymous banking any more, the time where one just could use a nominee director to sign the bank application and where the bank didn't ask any question has long time gone.

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One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[wosniak]

So no anonymous debit card or offshore bank account any longer? Why does they here on the forum say they can help then?

 

[wosniak]

Can anyone please help?

 

[plunk]

You may read between the line submit a ticket to them or approach some other agency service, there are still a few good solutions available for anonymous debit cards with stable banks.