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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.
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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.