So here it goes BVI and PayPal

[elysion]

I wanted to accomplish a simple task, but as always the most easy task is mostly a hard one.


I have a legit online business with customers worldwide and wanted to create an IBC in BVI and of course link a local BVI bank merchant account to my IBC. The BVI account would need to be linked with a paypal BVI account. Anyone know if its possible? I heard they don't offer local bank accounts only US bank or credit card withdraw.


Appreciated, thank you

 

[JohnLocke]

Welcome aboard elysion, I hope you enjoy your stay:welcome:

Anyone know if its possible? I heard they don't offer local bank accounts only US bank or credit card withdraw.
Click to expand...

You mean PayPal? you may need to appoint a nominee director and shareholder for the BVI company and make sure you can (or they submit it directly) get the nominees passport and a utility bill + bank statement to submit to PayPal for verification purpose. Next issue is that you will need a BVI IP from some VPN provider.


Some have solved the issue by using the company Payoneer, there is a thread here /forum/f5/offshore-company-bank-account-paypal-sorry-again-18140/ about the method, but I'm not sure if it works.

Last edited: May 29, 2016
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[elysion]

Thanks Admin, looks like a great resource here and I sure will have a blast.


I will have to check that with the agency over there if this is possible but it sounds interesting. thanks mate


Cheers

 

[alain]

Can a nominee sign for a bank account and paypal account?

 

[Zqq]

Yes, but it's not a service all nominees offer.

 

[mlee]

can you recommend law firms who would offer such service of nominee signing up for paypal accounts? thx

 

[JohnLocke]

If you are looking for a lawyer to do so it will be very costly if any at all will do that. A nominee director can as well be an accounted or professional and they will most often be cheaper to ask for this service.

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[clemens]

Find a nominee director who is willing to sign up for your PayPal account it isn't difficult.

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[mlee]

well.. I was not able to find one so far so.. if you have contacts please let me know how to do it.. thanks!

 

[JohnLocke]

Contact our company if you like and we can look into what options there are 🙂

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