Recent content by sherwoodcap

So we are going through the steps talking to formation agents in Dubai at the moment and we have been told by Sovereign Group that banks would require us to deposit $100k for at least 3-6 months. Our industry is not considered a high risk industry. Is this standard of banks in Dubai? The...

We don't have an office and as far as we are aware we don't need one. Of course we are expecting a bank to do due dilligence, why wouldn't they...

Thanks, I'm aware of Fred. I couldn't find much info about their company other than the website.

Hi, We are two people looking to register a company in Dubai. One, maybe two of the directors will fly to Dubai once every 6 months to obtain residence. We are told, that with this, it should be easy enough to open a bank account. We are a recruitment company. None of our recruitment takes...

Fred, lets chat about a dubai set up. DM your details and lets arrange a call

both

I'm not entirely sure I worded the headline correctly. I barely understand what I've written myself but it's late. Anyways, As an example. I can form a company in Hong Kong and pay 0% tax on salaries if that income is paid into a foreign bank account and I'm not a resident of HK. Hong Kong...

Yeah not a fan of that. Looking for somewhere can open an account without being a resident.

I'm just not a fan of EMIs and heard some horror stories about them getting locked and funds frozen. It's not something I want to be at risk of. Where did you move to? Also, was it that much of a hassle to have questionaires every couple years? I appreciate the response You think Dubai is...

Aye I know Wise will. I'm looking for a high street bank. It's extremely important to the business, just can't find a jurisdiction that will do it.

Cant get a UK bank account without living there.

I own a recruitment company. Currently UK incorporated. Living elsewhere. Which countries will give a bank account to a company where it's incorporated?

Where would you recommend?

Will anywhere open a bank account without a connection there?

Thanks for the reply. No staff or connections in Hong Kong. Nothing in Asia. You think zero chance huh? Must have checked 10 different jurisdictions trying to get a bank account at the moment and no places will look at it.