Is it possible to open account in Israel for non resident?

[hiju]

Hi Guys and Gals!

I'm all new and want to know if it is possible to open a bank account offshore in Israel for a person living in the Netherlands?

Do you know what privacy they have in Israel? I mean banking privacy if at all?

 

[JohnLocke]

Welcome aboard

This is interesting, I never thought about Israel as an offshore jurisdiction for banking. But hey, I can't be over all places

 

[brutalzorn]

Is Israel banking anonymous and offshore?

 

[hiju]

I read it is but I also read you need an introducer to get a bank account with Israeli bank

 

[Cari Swart]

Israeli banking is definitely not offshore nor anonymous. In fact, Israel is completely transparent so be careful.

However should you wish to open a bank account, you will need to physically go to the israeli bank in person, only 1 bank will allow you to open an account with them. Bank Hapoalim in Tel Aviv on Dizengoff Street will allow you to open a foreigner account. But it will be a savings account and you will be restricted to make certain transactions.

Hope this helps.

 

[brutalzorn]

That was useful. But if you have to visit the bank and still get limited it's not worth it or what you say?

 

[Cari Swart]

Look, again, it all depends on what you want to use the account for. The URL were on is offshore... Israel cannot and should not be used as offshore. Unless its a savings account, and even then, what is the point? You'll get better rates in a Romanian account or a Georgian account.

 

[uplana]

You'll get better rates in a Romanian account or a Georgian account.

Great, what banks you know there and do you know if accounts can be opened remote?

 

[Cari Swart]

I know of a few banks in Romania and Georgia. Accounts can be opened remotely, however only with an introducer or a law firm. So many scams out there, so be careful which one you go with.

 

[negon]

I know of a few banks in Romania and Georgia. Accounts can be opened remotely, however only with an introducer or a law firm. So many scams out there, so be careful which one you go with.

Do you have any good and trustworthy introducer for Romania?

 

[Cari Swart]

How trustworthy can someone be that you have never met?
I have used him twice before. Hasnt failed me, yet, as I always say.
He has for Romania and Georgia, which I have both of, however I am looking for another location, and he is unable to assist me. I am looking for a fourth bank. Do you have anyone?

 

[negon]

Well, if he delivers I'm fine with that, that's how all online business works you mind to share who you think can help?

You can contact Euro Pacific Bank, Breder Suasso, LeuPay, Cyprus banks (requires introducer) and there is CIM bank / Swiss bank, you can find the thread about them on this forum.

 

[Cari Swart]

Sounds great. Could you PM me so that I can provide you his details, and also to arrange some contacts of yours for those banks? If you dont mind.

 

[hiju]

Thank you guys... you have been of great help! I was just wondering, however, with my new company I will not need a bank account as it looks like I found a way to avoid all of this.

 

[JohnLocke]

How trustworthy can someone be that you have never met?
I have used him twice before. Hasnt failed me, yet, as I always say.
He has for Romania and Georgia, which I have both of, however I am looking for another location, and he is unable to assist me. I am looking for a fourth bank. Do you have anyone?

What you think how reliable are the banks in Romania? I know we should open a new thread maybe, but for now an answer would be fine.