We are Swiss based company, which producing medical products. Our products are not restricted by any sanctions and can be exported globally including heavily sanctioned countries.
We have bank accounts in Switzerland / UK / EU which are perfectly working for EU / UAE and plenty of others “normal” countries.
Problem:
Even bank stating that they working with some “risk” countries, payments in EUR constantly bounced or blocked for months in intermediaries banks. For example from such countries like Palestine, Jordan, Mozambique, Morocco, Iraq, Cambodia. I even not talking about Russia, Syria, Iran, Afghanistan.
What we currently do to collect payments:
For “risk” countries we use our subsidiary in UAE and invoicing clients in AED, which not very welcomed by our clients but works smoothly for incoming payments from MENA.
Why I do not like it:
Working via subsidiary requires extra expenses and not convenient.
What I want:
I am looking for a legit solutions to collect payment for our goods from “risk” and “high risked” list countries.
What I am thinking to do:
Solution 1. I am thinking to rent several warehouses across the globe in free customs zones for faster delivery of goods + offshore bank account for receivables.
Or
Solution 2. To open local subsidiary which will perform such activities like warehousing & processing payments (collecting payments for sold goods and forwarding them to Swiss company, like collecting various companies for food delivery and then transferring money to restaurants).
What is your opinion about above mentioned problems and possible solutions?
We have bank accounts in Switzerland / UK / EU which are perfectly working for EU / UAE and plenty of others “normal” countries.
Problem:
Even bank stating that they working with some “risk” countries, payments in EUR constantly bounced or blocked for months in intermediaries banks. For example from such countries like Palestine, Jordan, Mozambique, Morocco, Iraq, Cambodia. I even not talking about Russia, Syria, Iran, Afghanistan.
What we currently do to collect payments:
For “risk” countries we use our subsidiary in UAE and invoicing clients in AED, which not very welcomed by our clients but works smoothly for incoming payments from MENA.
Why I do not like it:
Working via subsidiary requires extra expenses and not convenient.
What I want:
I am looking for a legit solutions to collect payment for our goods from “risk” and “high risked” list countries.
What I am thinking to do:
Solution 1. I am thinking to rent several warehouses across the globe in free customs zones for faster delivery of goods + offshore bank account for receivables.
Or
Solution 2. To open local subsidiary which will perform such activities like warehousing & processing payments (collecting payments for sold goods and forwarding them to Swiss company, like collecting various companies for food delivery and then transferring money to restaurants).
What is your opinion about above mentioned problems and possible solutions?
