What about a personal account in BVI ? Will that work for them or only business accounts ? Some don't like the extra paperwork with IRS due to complex expensive︀ offshore paperwork and costs when one is not trying to evade taxes ? It seems︁ people are ready to sell you a company account but for us this is an︂ expensive headache.
US Citizen seeking offshore bank for short-term deposit of 1.1M USD
- Thread starter tahoeskier
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HK is︁ generally still a good place for banking. I enjoy it to this day despite the︂ bad news basically never stopping since 2019, services went on uninterrupted and they even arranged︃ for physical mail delivery during the corona s**t of some docs.
They tend to not︄ like USA passport that much to be frank here.
Some banks there (if not most?)︅ prefer if you have been referred to them, which I was. With others you can︆ be lucky and they will accept you especially if you are keen putting a 6︇ digit sum into the "relationship" and don't do a hmm "pump and dump" one nightstand.︈
Said banks opened within short days, which I know from personal experiences with friends. But︉ we have 2021 and you cannot even travel to HK at this point for over︊ a year now
Maybe OP could contact one of the many lawyers in HK and︋ see if they can play escrow or have a bank for said purposes. After all,︌ it is the best spot to do business with China, still.
They tend to not︄ like USA passport that much to be frank here.
Some banks there (if not most?)︅ prefer if you have been referred to them, which I was. With others you can︆ be lucky and they will accept you especially if you are keen putting a 6︇ digit sum into the "relationship" and don't do a hmm "pump and dump" one nightstand.︈
Said banks opened within short days, which I know from personal experiences with friends. But︉ we have 2021 and you cannot even travel to HK at this point for over︊ a year now
Maybe OP could contact one of the many lawyers in HK and︋ see if they can play escrow or have a bank for said purposes. After all,︌ it is the best spot to do business with China, still.
Yoo, cant help but giggle, no way you can access an entity such as the standard bank, via registering for an app that gives access you non domicile bank acct.
KRA applies to everyone, individual or company...that right there is the equivalent of the US TIN No.
IDs are centrally registered moreso, all IDs issued are tagged to the KRA, and as such your tax files automatically opened.
Financial entities Globally, Thus Far are Lock,Stock and Barrel..No shortcuts when it comes to banking on whatever level, or jurisdiction.cig-:,
KRA applies to everyone, individual or company...that right there is the equivalent of the US TIN No.
IDs are centrally registered moreso, all IDs issued are tagged to the KRA, and as such your tax files automatically opened.
Financial entities Globally, Thus Far are Lock,Stock and Barrel..No shortcuts when it comes to banking on whatever level, or jurisdiction.cig-:,
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