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PTShamrock Offshore Banking Legit?

Discussion in 'Business & Tax Advice' started by projectdelta, Apr 9, 2015.

  1. projectdelta

    projectdelta Newbie

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    im wondering if anyone has has any experience with ptshamrock offshore banking and how hard is it to setup?

    Also from which offshore bank package is the safest to buy?
     
  2. tony_d

    tony_d Elite Member

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    Now there's a blast from the past :p

    Don't waste your money with them.
    Just incorporate directly, and open a bank account yourself. Easy done.

    I, like many IMers, have a trading company incorporated in Hong Kong, and bank there too.
     
  3. projectdelta

    projectdelta Newbie

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    Ahh okay.

    But i have to visit hong kong directly and open in person right?
     
  4. tony_d

    tony_d Elite Member

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    You do...

    There are services available for account opening, but you're always appointing a random and unknown 3rd party as signatory. And that doesn't put a smile on my face.
     
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  5. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    In regards to "ptshamrock offshore banking" do some googling about them..!!

    There are many other places you can incorporate and bank where you don't visit and you still have great privacy privilege. HK is just one of many options and you need to consider costs for accounting, filing of annual reports and such stuff..complicated I think.
     
  6. projectdelta

    projectdelta Newbie

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    ive been told you have to visit hk to create a bank
     
  7. projectdelta

    projectdelta Newbie

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    yeha ik i might consider visiting :/

    you know any 3rd party services. i gotta look into everything.
     
  8. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    Where are you looking to setup OP? Check out "Octopus offshore agents" - I used them recently to incorporate in Gibraltar and banking is then elsewhere, they have options for American citizens too.. very handy, didn't cost a fortune either and they're very straight up with you. They have full anon packages, you'd really have to speak to them I wouldn't want to say too much here. I was recommended them by another member here who has used them for a wile now.

    Better to call them first rather than email, like I said they're very straight up and easy to speak with.
     
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  9. lucinaeck

    lucinaeck Newbie

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    There are local agents who can help you with this. I know many people who have incorporated in US and they have never been to us. I hope someone help you here with contacts.
     
  10. projectdelta

    projectdelta Newbie

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    im just looking to setup tax free offshore banking.
    They provide that?
    its simple over the phone process?
    Also do they send me out a debit card?
     
  11. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    Yeah pretty much what they do. There is some back and forth posting/emailing documents for signing and so on. Yeah a number of banks will supply a debit card or a credit card you reload, it depends on the bank you go with.. they work with around 15 you'll get a list of them all when you start the process. Simple enough speak with them on the phone, the ladies there are nice.
     
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  12. projectdelta

    projectdelta Newbie

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    Sounds good!
    Thanks a lot man!

    Just a question, you recommend me any country bank to use from that service? Some are risky offshore countrys people say.
    well anyways you got me enough info. Thanks a lot!
     
  13. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    No worries happy to help! They have a number of banks.. Two in the EU actually one is Malta and one in Latvia, really a decision you'd have to make yourself once you see the list.. Go speak to them :)
     
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  14. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Anyway, Going with new companies is a good idea, but I would rather look at companies like

    http://www.ocra.com/
    http://www.unitrustcapital.com
    http://www.seychellesoffshore.com/

    They have all been in business for a very long time and know exactly what they are doing!

    Domain Name: OCTOPUSOFFSHOREAGENTS.COM
    Registrar: GODADDY.COM, LLC
    Sponsoring Registrar IANA ID: 146
    Whois Server: whois.godaddy.com
    Referral URL: http://registrar.godaddy.com
    Name Server: NS.MAINNAMESERVER.COM
    Name Server: NS2.MAINNAMESERVER.COM
    Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
    Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
    Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
    Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
    Updated Date: 19-dec-2014
    Creation Date: 18-dec-2012
    Expiration Date: 18-dec-2015


     
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  15. projectdelta

    projectdelta Newbie

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    dam haha, well as long as all 4 are legit im alright. I just have to figure out which is the best option now.
    ill probably end up giving them all a call
     
  16. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    If you need more to look at just post here or PM have few more who can help you out with this, it's all not very complicated!
     
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  17. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    Nice one RuthSam must take note of these others, I was looking for Gibraltar specifically so went with Octopus. Have you used any of the companies you listed btw how do they fair from your experience? From experience with octopus I can say they where great with us regardless of domain age, we went with them basically because Gibraltar is very close to where I've relocated now like I was saying above. Also a few senior members here recommended them to me when I was searching for offshore agents so that swayed it.

    Digging on their site shows they have been in business since the 1990s back then they where based out of the Isle Of Man before the laws there changed, they then relocated to Gibraltar in 2002.

    Perhaps they forgot to renew their old domain lol :)
     
    Last edited: Apr 10, 2015
  18. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    You are promoting them very well t0mmy so I believe there is some comercial interest here.

    I know the other companies very well and have been working with them over the past 14 years. What I found out during all the years are that it don't come down to if they can setup a company and provide you with a bank account... Every Joe in this industry can do this as easy as 123.. it comes all down to what they can help you with afterwards if any problems occur or if you want to extend the setup at any time or if you get troubles with the tax authorities or any other legal issues, then these small companies that most often have no legal department and in house professional business lawyers will lead you to big trouble.

    I have been there and done that, will never go to such small agents again, they can't simply not handle it because of huge lack in knowledge of International laws and tax compliancy. Most often they have read something, know a little about it or even buy the knowledge they have from the big companies in this industry just to forward it to the client without personal knowledge, this opens huge gabs and you as the client will get in troubles, sometimes in big troubles which may or may not have been avoided. Most often the big companies can handle a things in way that you don't have to boughter with it.

    Anyway... most noobs and IM's our shopping around for the cheapest company setup around and for this purpose this octopussy company may be good... I would just not relay my entire business setup on such a company and I'm not for cheap I want something for long term and professional with International legal and tax experience in my back!

    I wise man told me for many years back... never deal with the middle man or the employee in a bank or corporate service, find a partner or owner of that company and go with the big ones so you will reach your goals!

    Isn't it like your service t0mmy... you seem to know a lot about SEO and Blackhat and you charge more for your service than others and can support it, while the rest, 80% of the BST are small guys maybe even reading your stuff and put it into a BST to sell it, they know nothing or only a little and make money on it.. Who what you recommend to use in this situation if you was transparent?

    Make your choice!:happysad:
     
  19. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    Not even going read the rest of your reply after your first line " you are promoting them very well" lol oh yeah that's it man you got me I'm in offshore banking now!

    I was simply asking you a question and in a polite manner to find out if you actually worked with the companies you mentioned, no need to go on the defensive basically attacking my character and integrity. Perhaps you are promoting them companies you mention then hence the sudden defensiveness and rudeness towards me? I doubt you are but you can see how easy it is to throw accusations like that around.. not a nice thing to do especially when all I was doing was trying to help.

    Either way no need to get like that with me I was only trying to answer the OP from personal experience nothing more nothing less.. Sorry I opened my mouth now.

    Good day to you and OP good luck with your search.
     
    Last edited: Apr 11, 2015
  20. segitard

    segitard Registered Member

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    Hey guys, I've been reading the entire thread here. Can someone please kindly tell me what is the purpose of having an offshore banking?