Looking for someone to take me through the process of getting an offshore bank act

D3lux3

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Hi,

I am looking for someone who would be able to hook me up with some legit offshore bank account providers or how can I do that ? I would like to open an account on cayman islands. Can I just take a list of banks there and mail them asking about opening an account there ?

Please let me know, its kinda urgent and I would need an offshore bank account in a week or so ...

And yes i did use search, I know there is plenty of threads but I didnt get the info I needed from them ...

thanks
 

minute80

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Well I personally can't, but on other forums, this guys are vouched for, ymmv.

Code:
[url]http://www.offshore-corporations.info/[/url]
 

bamafan84

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Which jurisdiction do you reside in? You must know this to be able to determine which jurisdiction/s would be suitable for you to bank in. If you are by chance in the U.S., please forget the Caymans. That is for the movies and 007. Assuming you reside in the U.S., you would want a Panama IBC or a Seychelles IBC with nominee directors. This can be provided, and you can also get accounts through companies not in your name (nominee directors). This is a must for "CYA" practices.


CYA = Cover Your Ass!!!


Happy offshoring!
 

craigslistguy

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you can get a swiss bank account.

You dont need a minimum balance to open one.

For numbered accounts like what you see on movies where they dont have your name you have to drop 250k to open plus 1200+ for set up fees.

only the manager and a select people know your actual name if anyone went to that bank and asked "does so and so bank here" they say no because your just a number in their eyes.
 

portalweb

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This one may be a good solution:
Code:
http://www.offshorelegal.org/panama-bank-account-3-days.html
 

D3lux3

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Thank you for all your info but kinda as expected didnt find the right information. I sent emails to a few "companies", noone answered.
 

KBC-12

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Thank you for all your info but kinda as expected didnt find the right information.

What do you mean? What were you looking for exactly?

Someone said DONT go to Caymans and the are ABSOLUTELY right. (if you're in the USA which you didn't specify.) The I R S at the beginning of the 2010 went crazy on all the Cayman & Swiss accounts.

Panama like someone suggested is good. There are two more that are escaping me at the moment. But I think Belize was one of them.

I contacted a Law firm about an offshore LLC & bank account couple months ago.

Delvalle & Delvalle Attorneys at Law

a. Complete 1 of the 3 incorporations forms on our web page. Visit https://www.delvallepanama.com/services/limited_liability_companies/request_your_company.html



b. Once the documentation is filled, send us the form along with a copy of the passport of the interested parties via e-mail or by fax (507) 392 1262.



c. Once we receive the documentation and verify everything is in order, we will request for the payment (We accept wire transfer, western union or credit card visa or mastercard).



d. When we received confirmation of payment we will be sending you the package of incorporation within six (6) business days.



Enclosed you will find a document with our different plans and fees, including Plan C. ( This is for Panamanian LLC) . In case you are interest in Merchant Account you must incorporate a Belize LLC, enclosed also is a document with plans and fees.



As for the Banking Introduction Services, for Americans, we are currently working with this bank on Belize; http://bcbankinternational.com/. This bank offer internet banking , debit cards and pre-pay visa card. Is a very good Bank.



The Bank account which is included in Plan C is not a merchant account but a current account, however if you are interest in both a current and a merchant account , with the British Caribbean Bank is possible to apply for both.



I will be waiting for you comments,



Best,

It was $1900 for both LLC & Bank account.
 

MisterGemini

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If you are prepared to spend about $5k, I can put you in touch with the right people who can do this for you. They won't just get the docs processed and leave you to screw yourself with how you handle your account. They will take you through every single aspect of managing your account so that you will be able to keep it doing what you want it to do, keep your money.

This is where so many people get screwed attempting to setup overseas accounts. They get one then do stupid things like use ATM cards to get their money, do communications without proper privacy steps. This all ultimately leads you to being charged with tax evasion... serious trouble.

Anybody who needs an overseas account, can afford the $5k. If that's an issue, then stop thinking about it. You should be looking at wanting to deposit at least as much as $50k a year into it just to make it worth keeping between the yearly maintenance fees, and the fees involved in money transfers proper.

PM me if any of this is really what you want. If you are looking to nickle and dime your way into jail with a paper processor offer, then then don't bother PMing me.

MG
 

minute80

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How do you manage accounting and taxes?

What do you mean? What were you looking for exactly?

Someone said DONT go to Caymans and the are ABSOLUTELY right. (if you're in the USA which you didn't specify.) The I R S at the beginning of the 2010 went crazy on all the Cayman & Swiss accounts.

Panama like someone suggested is good. There are two more that are escaping me at the moment. But I think Belize was one of them.

I contacted a Law firm about an offshore LLC & bank account couple months ago.



It was $1900 for both LLC & Bank account.
 

MisterGemini

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How do you manage accounting and taxes?

You don't. There is a degree of separation between you and the company. If you run around like an idiot with an offshore company, you will get pinched. However, a properly utilized offshore will allow you to to receive and keep your money with little to no taxation.

Some of the countries that you can setup in have a corporate tax of as little as 1.5%. While others, will not charge you any tax at all. You have to understand the tax treaties of each country and how it will impact you based on what country you live in. The laws do get updated over the years, so it's best to have a company looking out for you that gives you expert support in your offshore account to keep you above board.

Typically, you do continue to pay taxes at a regular rate within your own country though. You do not want to have your income profile change so dramatically that you go from hero to zero in a year while driving a new car that is paid in full. :) As I mentioned before, you need to be making an additional $50k minimum to make it worth doing. That is $50k though that you keep, instead of having a whopping 20-40% cut out for the tax man.

Offshore accounts are for the big boys. Don't mess with them unless you have a serious operation going on. Otherwise you can end up in jail, and the entire government doing a rectal cavity search up your ass over every single aspect of your financial profile and your work activities. So do it right, or don't do it at all. :)
 

bamafan84

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Panama like someone suggested is good. There are two more that are escaping me at the moment. But I think Belize was one of them.

Belize is a "Negatron" as they signed several T.I.E.A.'s months ago , which for the layman stands for Tax Information Exchange Agreements with several prominent "non friendly" nations...


or you could choose to go down in flames. :D
 

minute80

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Thanks given. Well I don't live in USA, and tax service here is much less capable then in other parts of the world. And even if they were more effective, I wouldn't mind sharing details with them (worst case scenario), since owning a business out of home country is not a crime.

There is a chance that I will receive some nice amount of money from my "normal" business these days, all legal and accounted for. I am thinking about creating a corporation for a purpose of receiving those funds, as well as moving all my possible IP to that corporation for future licensing deals. I would then use this corp to establish LLC or corporations in order parts of the world (like USA,UK etc.) where I have interest to do business locally.

My greatest unknown in the Nominee director that is mandatory. Doesn't that leave you exposed to fraud? Is there a way to limit his power?

You don't. There is a degree of separation between you and the company. If you run around like an idiot with an offshore company, you will get pinched. However, a properly utilized offshore will allow you to to receive and keep your money with little to no taxation.

Some of the countries that you can setup in have a corporate tax of as little as 1.5%. While others, will not charge you any tax at all. You have to understand the tax treaties of each country and how it will impact you based on what country you live in. The laws do get updated over the years, so it's best to have a company looking out for you that gives you expert support in your offshore account to keep you above board.

Typically, you do continue to pay taxes at a regular rate within your own country though. You do not want to have your income profile change so dramatically that you go from hero to zero in a year while driving a new car that is paid in full. :) As I mentioned before, you need to be making an additional $50k minimum to make it worth doing. That is $50k though that you keep, instead of having a whopping 20-40% cut out for the tax man.

Offshore accounts are for the big boys. Don't mess with them unless you have a serious operation going on. Otherwise you can end up in jail, and the entire government doing a rectal cavity search up your ass over every single aspect of your financial profile and your work activities. So do it right, or don't do it at all. :)
 

bamafan84

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My greatest unknown in the Nominee director that is mandatory. Doesn't that leave you exposed to fraud? Is there a way to limit his power?

Simple....binding agreements that you are the "managing agent" with all powers, even though there are directors in place...think outside the box and create paper trails to stay legal ;)
 

minute80

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That's not limiting at all. Now you have 2 entities doing the same thing. :cool:

Simple....binding agreements that you are the "managing agent" with all powers, even though there are directors in place...think outside the box and create paper trails to stay legal ;)
 

bamafan84

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That's not limiting at all. Now you have 2 entities doing the same thing. :cool:

I really hope you weren't being sarcastic...if so, the key words you missed there were "paper" and "trails". Papers say one thing, you and nominee know another. The trick is in finding a good nominee for this type of thing.
 

minute80

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Well, let me explain my worries a bit more:

1) You decide to incorporate in some offshore country and you find a service to do so.
2) Usually you need to get Nominee director to, since they ask for local or someone with visa to be in the company (like in Singapore).
3) From what I read, you need to sign some Power of Attoreny or similar documents, as you need to give right to your Nominee to receive your official correspondence.
4) Eveything is nice and you develop your business...after sometime you find out that WeBuyCorps Inc. bought your Corporation, and that Nominee signed for transfer.
5) They go to the bank, inform them of change of ownership and simply overtake your account.

Now of course, you can sign tons of papers, but the fact is that you sent them your passport copy and signature, while you only have their signature at the most...which means nothing.

Of course, you can open bank account and put only yourself to be a signatory, but you can only be sure that this will happen that way, if you go to destination and open bank account yourself.

So, how do people protect themselves from such scenarios?

I really hope you weren't being sarcastic...if so, the key words you missed there were "paper" and "trails". Papers say one thing, you and nominee know another. The trick is in finding a good nominee for this type of thing.
 

bamafan84

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VERY excellent point. Here is where my "thinking outside the box" comes into play:


The contracts are worded (also the articles of incorporation) in such a way to give power of atty. ONLY as a Director, with all approval going through you. The bank account is setup as only you being the signatory, and you CAN get banking accounts without being present to sign for the account (becoming a signatory). Look up reputable companies/people that setup corporate banking accounts and can do it for you, on your behalf completely seperate from the nominee directors.

Obviously all paperwork can stay with you, and if copies are ever needed they can be sent. In the meantime you have plenty of time to inform the bank of where ALL decisions come from....YOU!!! ;)


Does this give you a better idea as to what I am talking about? Also, don't forget about using a buffer company like a Seychelles IBC (Bearer share) to help you out with this.
 

Markbh

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This site is quite thorough on Switzerland.

Might be worth a quick read.
HTML:
http://www.swissaccountsetup.com/
 

Markbh

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@minute80
@bamafan84

Very good points and suggestions.

My $0.02. In addition to keeping the account opening separate from nominee director appointment and personas, it might be wise to keep nominee
shareholders separate as well by taking them from yet another service provider.

Better yet, from another jurisdiction, as some of these island states' capitals are tiny and the different service providers may all be schoolmates and memebrs of teh same country club/legal firm/surfing fraternity.

Separating the first two might otherwise still leave you vulnerable to nominee "shareholders" changing the Directors and deciding to close the account and make another somewhere else. They could still do that by faking these documents form another jurisdiction, but you can leave instructions with teh bank at setup, giving a list of authorised names and their signature samples and stamps, so the treshold for the fake would become much higher.

Privacy and control tend to be inversely related, so keeping out of the picture means giving someone else a freedom of action that can be abused.
 

minute80

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Exactly. The only "viable" solution I could think of, was to open Paypal/Moneybookers account and that I am the only one that knows passwords for them. Bank accounts would be used to verify those, and funds would never actually land in bank. For b2b exchange, money would go through processor such as Plimus that can take wire transfers and from it to Paypal or whatever.
 
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