Recent content by Thirsty Beaver

Thanks for the info. I just submitted an application with them. Let us see .........................

Sorry for the delayed reply, JohnK. LeuPay seemed a success in my offshore bank hunt, until they requested me to provide a 'certificate of status' which should be similar to a 'certificate of good standing' usually issued in US. The content of both documents are more or less the same. But they...

For a personal account no need of EIN. But for a business account they definitely ask for one.

Yes, I have contacted few banks there in Cyprus. Piraeus Bank has come up with a huge list of required documents. Takes time to prepare all that. Anyway I have no other choice. I will write here if any thing useful come from there.

Yes, I repent. I should've registered a company somewhere else other than US. Now I am re-thinking to get out of this mess, if I knew the difficulties before, I would have saved lot of money!!

Yep.......... This was not the situation few years ago. They are talking about globalization but do not give a damn for startups with low budgets!! It is one way to cut off newbies into business and keep businesses among biggies.

For the time being no, but sure it is on the way ..........!

You are concerned about few things, believe me I have all the documents any bank in the world needs (website, recommendation, statements ... etc.), but still it is becoming an impossible task to open a business offshore account! It seems like banks are shying away from offshore businesses.

Most of the posts here are outdated ........ folks. Opening an Offshore account for a business is becoming difficult by the day now. I am trying to open a corporate account for my Delaware incorporated business since 2 months already and believe me folks, still I am in square one! Every bank I...

Worldcore is not really global. It does not accept persons from majority of countries including US!

They need EIN for US registered companies! May be its new regulations imposed by US.

They need many documents such as, EIN, tax .. etc., for US registered Companies, hence this bank is not convenient for me as it will cost me more for these formalities. Besides, there are account opening and maintenance fees too! Why to take so much trouble?

First Atlantic Commerce is not for startups, you need to have at least 6 months processing history for an account.

Located in Delaware, my problem is similar, in the sense that currently I have only PayPal for payments. I'm concerned about the time it takes to get a merchant account or a payment gateway. Can not wait that much time! Any suggestion to get one sooner?

I opened a business account y'day, the service seems not bad, the SMS takes time though. Let's see how it works out. Thanks for all the information folks.