Recent content by Lyanna

They advertise like that because they wanted to get customers since it is a huge competition in the market, as far as I'm concerned. Some banks will say anything good ( even if its partially true ) just to attract customers.

As what the Admin said from his experience, all banks requires the applicant to submit Reference letters. This is probably to verify the person who wants to user their services.

You don't need to contact anyone locally for some banks. You just need to email them, send your documents and other requirements, pay the fees and you're done. As long as you submit the right documents you can easily open it without anyone visiting the bank.

That's what an Offshore banking is for. Offshore bank users avoid their local banks so that they would benefit on tax haven countries. This is one of the most important reasons why they conduct business on those tax haven countries instead of doing it on their own countries.

Wow, is that true? PayPal will conduct its services.. and at no cost? Seems too good to be true to me haha!

Online security is a great factor indeed with online banking. This is the reason why I put a different password on my accounts so that once a hacker gets into one of my accounts, he couldn't touch my others easily.

What happened with Greece? Can you elaborate more information for us who didn't have a background here?

Do they accept PayPal? And even if they do, PayPal is good for merchants but not for companies. Since their tax fees are insane and even with the tiniest amount of money, they would still charge fees for their own sakes.

Come on, some people are not just good in researching so we should help them. Anyway, as what people have said here, the primary reason why people are applying for an Offshore account is that they are tired of the stupid tax laws by their country and wanted to avoid paying big amount of taxes!

Its a stable as rock. Its a strong nation and even if they faced issues before, its still a good and one of the top choices in creating an offshore bank accounts.

Probably the tax could go higher in Cyprus because of the issue, but it won't go larger than other countries. Cyprus is still a favorite Tax haven choice for Offshore bankers.

Most of the bank account these days supports online banking. Just email your bank or visit them personally to make things clear. Go to another bank if they don't support online banking yet! Because that's very old and technology is a big part of industry today

I also thought of that too, maybe the Poll couldn't handle more vote options and it limits the capability of making them added to the list?

It will depend on which bank or company you have applied to. Some banks haven't adapted the latest technology and still prefer the old fashion way of letting their users access their accounts.

Never trust PayPal with Offshore banking. As far as my research goes, they screw up their clients and they are implementing huge fees which is the main reason why we are using Offshore bank accounts.