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Old 12-08-2005, 06:30 AM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Quote:
Originally Posted by sheken
how easy is it for an offshore company to open up a business account with a good swiss(or other) bank ?

I've heard that for non-resident businesses, they require huge initial deposits. Is it all true or can you still get a good bank to which you can transfer funds from online processors(2co, paypal, etc ) and not put up 500 000$ initial deposit ?

I'm not looking for caribbean banks since most of them offer no warranty, and you can't transfer funds from online processors to them.
Any business can open bank accounts wherever they want... offshore is incidental and customary opening balance is around $5000 - $10000, but often it can be $1000 or so. The other criteria that may be useful is online facilities. There are a good number of offshore banks where you can simply signup online without having to go there.

Switzerland is not noted for "offshore" particularly - more for private banking.
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