Where to get offshore company and bank account now?
- Thread starter Spinat
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Well, at least they gave you notice. I have heard that other banks just close your account. Anyways, I would use multiple bank accounts for your money and not put all your eggs in one basket.
For all and for what it's worth: in Belize there is also Heritage bank. It was suggested to me by a few agents.
hello everyone,
I'm in same doubt regarding offshore banking.Having a belize IBC got Bank of Cyprus corporate account closed and now looking for solutions.
I talked online with Heritage bank representative,they say it takes 2 weeks to open an account with them and you can do it yourself without an introducer.
Here's the quote:
The process takes two weeks for approval of the account. There should be a minimum deposit of $3000 USD. The requirements would be: A reference letter, Passport and the corporate documents of the company, and utility bill. All notarized copies. For the savings account you'll need a reference letter, passport and︀ the utility bill. Notarized copies along with the completed application form signed for both account.︁ There is a $100.00 application fee for new accounts.
However my question is is it︂ safe to do banking thorugh belize? I heard that intermediary banks usually palced in germany︃ may at any time decide NOT to send wire transfers to Belize offshore.True or not?︄
Also i want to open second bank account in Puerto Rico.Is Europacific oonly solution? Anything︅ better?
Thanks everyone!
I'm in same doubt regarding offshore banking.Having a belize IBC got Bank of Cyprus corporate account closed and now looking for solutions.
I talked online with Heritage bank representative,they say it takes 2 weeks to open an account with them and you can do it yourself without an introducer.
Here's the quote:
The process takes two weeks for approval of the account. There should be a minimum deposit of $3000 USD. The requirements would be: A reference letter, Passport and the corporate documents of the company, and utility bill. All notarized copies. For the savings account you'll need a reference letter, passport and︀ the utility bill. Notarized copies along with the completed application form signed for both account.︁ There is a $100.00 application fee for new accounts.
However my question is is it︂ safe to do banking thorugh belize? I heard that intermediary banks usually palced in germany︃ may at any time decide NOT to send wire transfers to Belize offshore.True or not?︄
Also i want to open second bank account in Puerto Rico.Is Europacific oonly solution? Anything︅ better?
Thanks everyone!
Intermediary banks can freeze funds or reject them if their own filter software detects a sanctioned party of suspicious transaction. In terms of banking in Belize or any offshore location you have to balance the risk/reward factor. The risk is high in Belize but is mainly risk associated with exposure to USD activity or US persons. Pretty much most offshore banks that have faced︀ problems has been because of US actions. Financially Heritage bank is sound and profitable. However︁ tomorrow morning the U.S can say the bank did a bad wire and the bank︂ will disappear by midday if it is heavily USD dependent 🙁.
https://www.heritageibt.com/wp-cont...ance-Statement-2017-000001-e1530912518987.jpg
There are literally dozens of other banks in Puerto Rico as it︄ is one of the major offshore centers with around 22 offshore banks formed in last︅ 3 years alone - CRS avoidance...cough cough or coincidence? 😉 However many just serve Latin America︆ clients and don't offer much in way of English. You however seriously need to ask︇ yourself in what mind set would you contemplate to bank in an OFFICIALLY BANKRUPT COUNTRY︈ that has defaulted on its debts and population has fled the country....lol. That is the︉ height of absolute and utter madness and irresponsibility. This is 10 levels of madness above︊ people that decided to bank at Choice Bank knowing the banks past problems with correspondence︋ banks 🙁. Think carefully or be prepared to start a new thread asking how to︌ fill out claims forms against the bank thu&¤#. Sorry for my harsh tone but this︍ madness has to stop.
Puerto Rico Is Officially Bankrupt: What Does It Mean?
https://www.heritageibt.com/wp-cont...ance-Statement-2017-000001-e1530912518987.jpg
There are literally dozens of other banks in Puerto Rico as it︄ is one of the major offshore centers with around 22 offshore banks formed in last︅ 3 years alone - CRS avoidance...cough cough or coincidence? 😉 However many just serve Latin America︆ clients and don't offer much in way of English. You however seriously need to ask︇ yourself in what mind set would you contemplate to bank in an OFFICIALLY BANKRUPT COUNTRY︈ that has defaulted on its debts and population has fled the country....lol. That is the︉ height of absolute and utter madness and irresponsibility. This is 10 levels of madness above︊ people that decided to bank at Choice Bank knowing the banks past problems with correspondence︋ banks 🙁. Think carefully or be prepared to start a new thread asking how to︌ fill out claims forms against the bank thu&¤#. Sorry for my harsh tone but this︍ madness has to stop.
Puerto Rico Is Officially Bankrupt: What Does It Mean?
Thank you Martin Everson for your extensive reply,I sure will do more research︋ before i make a decision.Somehow Belize bank ( either Heritage either Caye International Bank, Ltd)︌ seems like most immediate solution.
Really is a bit difficult to find what's the best︍ in these times..
Really is a bit difficult to find what's the best︍ in these times..
Hi guys.
I am thinking about incorporating in Belize by myself where only 1 member is needed or Cyprus where 2 members are needed. I have read that if your Cyprus corporation is declared as foreign that the 12.5% tax does not apply...is that right?
The problem is that the 2nd member in the Cyprus corporation would be my Ukrainian wife.
So, what solutions is better for being accepted by banks? Belize with just me in it or Cyprus with my Ukrainian wife and me? We both have permanent residency of Panama and I have German nationality. The business is investment through a discountbroker. I︀ know about EMI, but I don't want to plan my whole financial future based on︁ EMI accounts or just 1 regular bank account, like Euro Pacific. There might be a︂ day when I need to withdraw everything, and that's just too much money for EMI︃ or only 1 bank account.
And it's not about hiding, i don't need to tax︄ in Panama anyway.
Besides that, do. US banks still open accounts for foreign companies if︅ applying in person? And if so, what is the Belize/Cyprus comparison there?
Sorry to get︆ a little off topic here, but i cannot open an own topic, because I did︇ not receive any "likes" yet. ;-(
I am thinking about incorporating in Belize by myself where only 1 member is needed or Cyprus where 2 members are needed. I have read that if your Cyprus corporation is declared as foreign that the 12.5% tax does not apply...is that right?
The problem is that the 2nd member in the Cyprus corporation would be my Ukrainian wife.
So, what solutions is better for being accepted by banks? Belize with just me in it or Cyprus with my Ukrainian wife and me? We both have permanent residency of Panama and I have German nationality. The business is investment through a discountbroker. I︀ know about EMI, but I don't want to plan my whole financial future based on︁ EMI accounts or just 1 regular bank account, like Euro Pacific. There might be a︂ day when I need to withdraw everything, and that's just too much money for EMI︃ or only 1 bank account.
And it's not about hiding, i don't need to tax︄ in Panama anyway.
Besides that, do. US banks still open accounts for foreign companies if︅ applying in person? And if so, what is the Belize/Cyprus comparison there?
Sorry to get︆ a little off topic here, but i cannot open an own topic, because I did︇ not receive any "likes" yet. ;-(
It depends on what it is you try to achieve. From a technical perspective it's sure possible you and your wife setup a Cyprus company and bank in Ukraine if it's not possible for the company to obtain a bank account in Cyprus.
You must consider︀ that taking out a lot of money in cash will rise flags anywhere you do︁ that. So at this time where you want to take out all your money you︂ will want to have opened a local bank account where you live to take the︃ money into your country! You will be taxed sure, but if you say you have︄ so much money you won't be able to take it out at one time or︅ even occasional. Otherwise you want to find a country to move to now and stay︆ there to take out your money!
You must consider︀ that taking out a lot of money in cash will rise flags anywhere you do︁ that. So at this time where you want to take out all your money you︂ will want to have opened a local bank account where you live to take the︃ money into your country! You will be taxed sure, but if you say you have︄ so much money you won't be able to take it out at one time or︅ even occasional. Otherwise you want to find a country to move to now and stay︆ there to take out your money!
better is to stick to the forum guidelines and don't mix up threads! It make it confusing to find information and I would love to avoid to give warnings here thu&¤#
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