Originally Posted by EliteWebmaster

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.

Originally Posted by Adraco

What about Belize?

Originally Posted by k0nr4d

Tell him to check out choicebank in belize. It's the same bank paxum and payoneer use. The incoming wire fee is something like $12 or some shit, alot more reasonable then luxembourg banks.

If he wants to keep larger amounts of money but doesn't wanna get eaten by bank fees, open account at choicebank and then every 10k or something transfer it to a safer bank in luxembourg.