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Originally Posted by freecartoonporn
Thanks for your input.
any specific bank in Luxembourg ?
any contact to open offshore account there ?
why you prefer BMI in Seychelles ? any specific reason ?
he reiceves majority of funds via payoneer , so may be he can later change the withdraw information in payoneer to his new bank account.
any high fees for sending wire transfer ?
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UniCredit in Luxembourg would be the best because their ROA % is high for assets management and on Capital investments, it's about 33% higher than the other banks in the Lexembourg. Unfortunately, I don't have any contact at UniCredit to help set up an account but they are very easy to deal with, it doesn't take much to open an account as long as your friend has his paperwork in order.
As for me, my parents deal with BMI for their assets as well so that's how I started dealing with them but I did do my due diligence on how they operate especially when it comes to tax laws/agreements with North American countries, and Seychelles is one of those countries that unlike Cayman or Bahamas, they actually do have "an official agreement" with the US to provide tax information if requested, but unofficially they do not comply with any requests.
As for wire transfer fees, yes, the fees are also relatively high for sending wire transfers, if I remember correctly, it's around $60, maybe higher depending on which bank. But if your friend is doing larger transactions over $2000+ each time, then it's not really a high fee.