offshore banking ?
 

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.

You can't transfer funds from online processors to a Caribbean bank?

hmm
 

afaik, Paypal is very select about which banks in which countries it makes transfers to. No country in the Caribbean is on their allowed list.

Yeah, but that's just PayPal. Why not get a merchant account?

forget it if you havent got the $ then dont try

I've wondered about that also.

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.

...
 

indeed, but how do you make sure that an "online" BVI bank is secure ?

what if they close shop within 2 weeks and take your money with them ?

I need something safe. I may not have 500k to deposit up-start, but I could definetely start with 20k.

I just called Credit Suisse and they told me that for offshore businesses, I need to either bring up 400 000$ and deposit it with them OR provide assets worth 400k US or more.

nice.

guess I can try UBS too but I think I know what they will tell me

try cyprus

You are an idiot.

sheken, Swiss banks are very selective. but there are a lot of other options - English banks for example.

Just what are you talking about, really?

Sheken, talk to Webby - he´s good at this, or mail me and I might be able to help. cchups (at) gmail.com

lol n00b youre clueless, name one English bank allowing adult and offshore.

Did anyone say it was for an "adult" business?

There are 2 Swiss bank who, based on referrals ONLY accept offshore and adult.

There are NONE offshore banks accepting adult.

There are 100s of offshore banks where everyone opens accounts stating 'webdesign' or whatever and put adult money in it. Give or take a year and theyll close it and youll be out on the streets and seriously have to wonder if your money will be available.

Contact a lawyer who specializes in these matters, it's not as easy as most people tend to believe. If you want I could refer you to a very capable lawyer.

well this is an adult forum isnt it?

If its mainstream then every larger bank will accept offshore and this post is useless.

You should also look into Dubai :)

[QUOTE=thinkx]well this is an adult forum isnt it?
[QUOTE]

So Paypal and adult then? :warning

[QUOTE=chupachups][QUOTE=thinkx]well this is an adult forum isnt it?
Same situation. If they find out theyll kick your ass too. Any regular offshore bank knowing youre into adult will kick your ass.

[QUOTE=thinkx][QUOTE=chupachups]
Thats what I meant, so I am assuming this might not be "adult money".

[QUOTE=chupachups][QUOTE=thinkx]If its not then any bank will set offshore IBCs up if youve got the proper paperwork.

[QUOTE=thinkx][QUOTE=chupachups]Exactly :)

Noob? haha, ok.

The only cluess person in this thread is you.
What does 'adult" has to do with it? Do you even understand how offshore banking works?

its clueless

and yes after 15+ yrs in offshore I think I know

Well, your posts show that you don't know shit.

Well if I know shit, then pls tell me why money made from adult sites parked in offshore bank accounts is easy as 1-2-3.

ok
 

sorry for not clarifying earlier guys.

the money is not from adult or anything adult-related.

I just posted here because there are a tremendous amount of people with knowledge in this area - sorry if it means I bothered some of you.

I am from Canada and I did contact a lawyer about this and his answer was: if the government found out I helped you *save* money from them in any way, shape or form, I'd be liable for X $. And he hung up on me. Seems like there is a law in Canada now that prevents you from trying this sort of $hit, which is very fsckin odd because our Prime-Minister has a company registered in the Bahamas and ofcourse..our biggest bank ( Royal Bank ) is incorporated in the Bahamas too.

Anyhoo, back on track. I'm in Europe for a while now and I thought if I could find a bank on this continent I could easily drop by and open up an account. Furthermore, the online processors I use(2co, paysystems, paypal ) don't do transfers to Caribbean Banks in Nevis, BVI, Bahamas, etc. On the other hand they do work with Switzerland, and that's why I thought my best bet would be with a Swiss bank!

P.S. I called UBS too and they told me they require a 1 mil deposit up front. Even better!

The only smart reply in the whole thread... :thumbsup

you shouldn't comment on things you have no clue about..

its easy to post these things, but posting proof would be a lot better. I can post youre clueless as well. Easy done in 2 secs.

Post a banks name that allows offshore and adult and Ill contact them asking for their TOS stating money from adult sources is ok.

Until then I call BS

well? Ive mailed and bumped and still no reply. Like I said BS.

hmm
 

this may sound dumb, but why don't banks want to process money from adult-related businesses ?

Various reasons. Laundering money, high risk, Image for one. Post a sign on your house 'I MAKE GAY PORN' and see how your neighbours respond.

?
 

so they are afraid that big processors like CCBil, IBill, etc are money laundering operations and that's why they don't take cash for them ?

I always thought that any money was good money as long as it's not illegal. Imoral to some is no grounds to refuse a paying customer.

Maybe if the bank owners are bible thumpers!

This is not true. Banks like money, and banks like to have your money.

Different banks have different rules and regulations, and depending on why you want to put your money in a certain bank or certain part of the world, you have to abide by the banks rules and regulations.

If youre talking 500k deposit then yes Im sure there are banks willing to accept

Use your brain. Set up an account in a Canadian bank, and then send the money to the account in the caribbean

Give HSBC a call and they will allow you to talk to one of their offshore advisors.

I have part ownership in a Thai disco/bar where money is pushed out to an offshore HSBC account in Singapore because I do not like the restrictions Thai banks impose. I think the opening amount was $10000.

genius :helpme

Funny thread with so many clueless ppl....

1. Only go offshore when you have 100.000+range
2. COntact a local lawyer, todo this is my advice. I mean everyone can open an offshore account, but risks are you are working illegal. There are many ways to legally bring your money to offshore. Might cost a lil more, but you don't have to be afraid, and look over your shoulder every day,..
3. That your money comes from ADULT does matter. Many banks do not accept funds from adult. Of course you can say: webdesign, but when they found out, you are fucked...

Just my 2 cents