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offshore bank acc in palau?

Discussion in 'Business & Tax Advice' started by kasher9, Jan 4, 2017.

  1. kasher9

    kasher9 Jr. VIP Jr. VIP

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    hey.
    Does anyone know of anyway to get an offshore company bank account in palau? The reason I ask it's the one place left that won't share financial details with UK (see here). I have an offshore company in the seychelles, I want to attach a bank account to my offshore company. Luckily, seychelles legal requirements are that no accounts need to be filed, and until such a date that happens, I am safe?

    Full disclosure for the keyboard warriors: i'm not trying to evade tax, I have a company here in UK as well, but for the purposes of tax efficiency and reducing my tax burdens, I would like to use the above setup. (declaring bh income through my UK business is somewhat of a pain).

    I am happy to pay tax, but paying corporation+PAYE kinda pisses me off sometimes considering how I see people on benefits bragging about their money that (in part) has been paid by me. I essentially want to pay
     
  2. Debian

    Debian BANNED BANNED Premium Member

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    I would think that you would need to register a company first in Palau, then think about the bank after you have the registration documents for your new company in their jurisdiction. There are several online companies that do these things professionally with little needed from you except director/member info and a few other small minor details.
     
  3. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Interesting OP, I will try to research a little and take contact to my network, thanks for the hint :)
     
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  4. LaurusK

    LaurusK Newbie

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    Hi, would you be ready to register a company in any other jurisdiction than Seychelles? I could offer you an account opening in a non CRS/FATCA country, but they do not accept offshore companies.
     
  5. kasher9

    kasher9 Jr. VIP Jr. VIP

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    Isn't that just swings and round abouts then? Unless the company can be registered in one of your non crs/fatca countries where you have a contact. Message me, let's discuss.

    @Debian , is that the case specifically to Palau? If so, can you pass me on someone reliable you have used?