Poor man's bank for Seychelles IBC

[Martin Everson]

The comment I just made to you︀ in below thread rubbed you the wrong way..lol. So you went back through the forum︁ to find an old post I made last Tuesday so you can reply and vent︂ some frustration...wow smi(&%

New bank for BVI

Look you were with Choice Bank because you don't︃ have ANY common sense about danger just like people that banked with Loyal Bank and︄ those that still bank with EPB. Something in your brain has to tell you they︅ are crap banks and serve the bottom of the barrel customers who are clueless startup︆ techies or criminals who cannot open accounts for offshore companies anywhere else on the planet.︇ Look at good side their are people that still bank at EPB stupi#21, you learnt︈ the hardway and grown a brain and some common sense now from your comment in︉ above thread 😉 i.e "I am looking for a bank that is more established than that."︊ thu&¤#.

 

[Mark Rucken]

You do realize that even if you have an amazing business, account opening ANYWHERE in︄ the world in a good and reputable bank is almost impossible for companies coming from︅ tax-haven islands? What you have left are EMI and crap banks in the Caribbean ...︆ and a few hidden jewels in Europe.

 

[Martin Everson]

That's not true at all and also⁠ not a reason anyone should go to a sh*t bank if that is what you⁤ are trying to justify?

People who have private banking (specifically wealth management) or investment banking⁣ relationships have don't face the same level of problems opening accounts for offshore companies. However⁢ the majority of people on this board fall into retail banking activity which is not︀ the same as private banking and investment banking so they are stuck. Retail banks are︁ not interested in the deep offshore.

 

[Mark Rucken]

Regular European banks do not want to deal with clean business⁢ if they are operating through Seychelles or Belize company. For example, web and software developer︀ who has a clean business and healthy turnover would be rejected by most European banks︁ just because they presented docs of Seychelles or Belize company. This is becoming a norm.︂ Even Cypris banned these jurisdictions.

Most European Bank request tax ID issued by the relevant︃ body from the country of incorporation. The best option to stay tax-free and still get︄ a tax ID is Hong Kong, you get a BR (Business Number) by default and︅ European banks are satisfied with it.

 

[Mark Rucken]

One more thing, I am not advising anyone to go with⁢ some crap banks, instead, I suggest them to incorporate in a more reliable jurisdiction and︀ based on that open the door for better European banks. Cheers

 

[JohnLocke]

not true! You may read this post Quick update for Offshore company and Cyprus‍ bank account opening Aug 2018

It all comes down to what business you are into⁠ and how trustworthy your business is!
very very broad, so you may suggest what such crap bank︀ is to avoid and what banks you mean are not crap banks?

 

[Mark Rucken]

If someone on this board managed to open the account in Cyprus⁣ for Seychelles or Belize company in the past 2-3 months, please share it here or⁢ at least if you heard that someone was successful. Maybe they would accept an existing︀ client of the bank with multi-million turnovers and I say maybe.

Crap banks: Loyal (in︁ liquidation), Euro Pacific, Private Pacific, Caye, Choice, Vivier ... and company 🙂

Good banks: Pretty much︂ all banks in Europe (minus some terrible banks in Montenegro that are now on the︃ market, charging 600 EUR for the account opening and with 10k deposits LOL), banks in︄ HK, USA, most UAE banks etc.

 

[JohnLocke]

You answered with a hypothetical question -‍ if the business model is clean it would not be a problem. Anyway, this is⁠ another discussion and is going off topic.

again very broad, sorry to say so︀ 😀 but you wrote the below:
how would someone know what you mean?

 

[Mark Rucken]

You know what I mean. They accept⁤ people who have yachts, mansions and millions, while I am finding a solution for REAL⁣ PEOPLE.

Yeah, I have to be "broad" because I am making a living out of⁢ this and I am not really keen to share everything on a public board like︀ this, but I am being totally honest and when I say that people should avoid︁ Seychelles, Belize and co. because finding healthy banking solutions for these jurisdictions is difficult.

 

[Martin Everson]

I would personally tier European banks. Western Europe banks and Eastern Europe banks are⁤ different. Most Eastern European banks are cr*p banks. You cannot compare a Latvian or Bratislava⁣ bank to a UK bank for example...lol. 😉

 

[Mark Rucken]

Still, I would⁠ go with a Bratislava bank over Euro Pacific Bank. At least if something happens with⁤ the bank in Bratislava, you can reach out to some institution in Slovakia and seek⁣ help, while with EPB for example .... oh well, you are done 😀

 

[Martin Everson]

I would go to hell in a mink coat before I would‍ go back to EPB.😱

 

[MrTony]

What about Armenian or Kazakhstan banks like Ameria, Armswiss or Halyk?

 

[Martin Everson]

I don't know why Sacha Baron Cohen in The Dictator comes to mind whenever‍ Kazakhstan is mentioned. 😕

I need to do my homework first but Ameria actually looks decent.⁠ They offer distance opening (Armenia website) and for me mobile banking app in apple store.⁤ thu&¤#. Have you used them?

 

[MrTony]

It's all stereotypes. This is a very‍ big, rich country with a lot of natural resources. Maybe some totalitarianism in the government,⁠ but they try to go to the next level and personally for me, they are⁤ more preferable than the Carribean or Pacific countries in this sense. Just google their capital⁣ and you understand what about I'm talking.

Not, yet, but in the nearest plans. But I thought that personal presence required...

 

[Martin Everson]

Nope

Distant Account‌ Opening

 

[MrTony]

But only for individuals.

What your opinion about one more offshore bak - Hermes?

 

[Martin Everson]

Might be good for some who‌ just need a modern personal account. Looks cheap and cheerful.

Hermes I remember being⁠ discussed on another forum. I don't know enough about the bank to give a comment.⁤

 

[MrTony]

And offshore banks from Curaçao - SAI-Bank and UIBT. I heard that Curaçao had‌ one of the best banking systems in the Carribean region, but no have to experience‍ with opening accounts there. Maybe someone can share?

 

[Martin Everson]

Forget UIBT⁠ group....they are a bunch of time wasters. I would go with amicorp group as they⁤ do exactly the same thing and they are who uibt aspire to be. They are⁣ both high end multinational offshore providers with offshore banking licenses. Amicorp is more connected in⁢ Curacao though 😉. I have never used SAI. I would say that curacao is not︀ easy place so if you are going to turn up to open an account there︁ then I would go with CIBC FirstCaribbean in Willemstad.