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Offshore bank account, help/suggestion needed
Hi all ,
i have client and he needs help with the issue he is facing.
client is from India , he is receiving funds from US and want to send funds back to US/UK or few other countries for affiliate payments.,
he has bank account in India, but there are limitations on how much funds he can send abroad in a year, plus , every-time, money goes to India it gets converted to INR and everytime he sends money from India to US or some other country funds gets converted to USD , so he has to pay currency conversion fee twice.
now he would like to open offshore bank account somewhere outside India, where he can receive funds in USD and send funds from there and remaining funds he can transfer to his bank in India. offshore bank should have online wire transfer facility.
he wants to send wire transfers to US / UK regularly.
what are his options., ?
he already contacted affiliatechecks/affilaitepayments and they already turned him down without any reason.
Thanks for your time and have a great day ahead.
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