The question has been asked by many people and companies who seek anonymity and a way to pay and receive money securely.
Browsing the Internet you will find many websites which pretend to give you guides on “how to get it” others tell you they have a good solution but no track record or proof that they really deliver what they promise. You will find a handful Offshore Agencies which will look reliable and have a wealth of products and services to offer but they require you to visit their place and will charge a fortune for a product which isn’t that expansive.
What you will need to consider is where your offshore bank account should be established, many places like Cyprus, Seychelles, Cayman Islands, The Netherlands Antilles, Bahamas and Uruguay are offshore havens which have a strict banking secrecy and who are able to open real offshore bank accounts.
Now you have some options and suggestions, however, to call up the banks will not help you since they will require you to visit them since they need to comply to KYc (Know your Customers), no you will need someone which already has established a relationship with the banks in the offshore havens, someone which can introduce your business case to them.
Many people believe that to become a offshore bank account and a offshore debit card is difficult and unreliable because they don’t know where to start. I have made it easier for them, visiting this blog and this article already brought you half the way.
The second most important thing to consider once you figured out where you want your offshore bank account to be, is who should go and help you, who is capable to introduce you to a Bank in an TAX Haven / jurisdiction and have earned the trust by the banks to really get your account approved. Surfing the Internet is a good start, however you will get that many hits that you won’t have a clue on who is able to help you and who just will take your money and run.
Important for you is to look at a certain website how it looks, what feeling you have with what they state they do and if they look reliable, if so, go and take their domain name and enter it into Google, find out what others have to say about the company or who they are linked with, if you find 1 to no comments on the company that could be fine but also a sign, then look at how good are they linked, how many websites are linking to them, many links from important websites can be a good sign, do they offer new clients to interact with them on a forum, ticket system, live chat or even a blog, if so, it’s good since fly by night companies would not put a lot of effort into such, often you will see 1 large page of advertising pitches and down the site a payment button, I can just say, stay far away from that. Others have built a good looking website but it has less to no functionality at all, stay away from such sites.
Once you have found your service agency you can ask him to help you to become the offshore bank account opened and to have a debit card for that account.
Look into what you get for the buck, some offshore banks only offer a bank account in one currency and no way to connect by any Internet Banking to the account, to withdraw money you will need to make a phone or fax order. That’s defiantly not a solution you want.
What you want is to look at a complete solution which offers you a multi currency offshore bank account with Online E-Banking facilities and a Visa or Maestro Debit card to withdraw money. You want to be able to have access to your offshore bank account 24/7/365 and make your banking business when it is convenience for you.
The well established banks also in Tax Havens will be able to offer you a quality banking platform to access your bank account, they will offer you multi currency facilities for several different major currency like USD, EURO, GBP and SF, you will have the account separated when you login through your e-banking access, and you will be able to make local and foreign bank transfers.
Hope you enjoyed this post and please feel free to contact CCLOGIC LLC if you consider to open an offshore bank account or offshore company in Cyprus.
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