Advcash business

[nomad999]

How difficult it is to get approved on Advcash business for offshore corp from Seychelles, BVI etc ...

I am guessing they will be friendly to crypto business, right ?

Do they require a local office and some utility bill or would they require a bank account in the name of the company like Transferwise ?

 

[CaptK]

Try Bankera instead

 

[dirtyharry]

They are pretty easy to apply for an account. Actually it takes you less time to get an account there then with any other EMI!

 

[4br]

Here is my experience from another thread:

Just adding a note here.

I have created two AdvCash business accounts.

One I created via the website. For this they asked me for a ton of documents and KYC stuff.

For the second, first I created a personal account. Then I asked by the contact form to upgrade it to a business account. 24 hours later and I have a verified business account. They only wanted the name, address, website, certificate of incorporation and certificate of incumbency. If I remember they did not require them to be certified. There were no other questions, like on what I would use the account for. Quickest opening experience.

There are many threads for AdvCash you can consult for further experiences:

Search results for query: advcash

www.offshorecorptalk.com

 

[nomad999]

Thx guys !

you are right @4br will check the search a bit more.

Anyone with experience specifically with Seychelles, BVI, Belize or other tax heaven countries ? did they give any resistance ? talking legit entity with nothing to hide.

 

[4br]

Thx guys !

you are right @4br will check the search a bit more.

Anyone with experience specifically with Seychelles, BVI, Belize or other tax heaven countries ? did they give any resistance ? talking legit entity with nothing to hide.

I have one for Belize, which means Seycehlles should be good.

 

[John Andrews]

I have one for Belize, which means Seycehlles should be good.

Belize IBC or LLC?

 

[4br]

Belize IBC or LLC?

IBC. I highly recommend to avoid them, though I will be posting a list soon of Belize IBC friendly receptacles. I suspect a Belize IBC certificate will be toilet paper in five years.

 

[Paper Chaser]

IBC. I highly recommend to avoid them, though I will be posting a list soon of Belize IBC friendly receptacles. I suspect a Belize IBC certificate will be toilet paper in five years.

Why do you recommend avoiding them?
Just set up a bank account with them myself and was about to start over.

 

[4br]

Why do you recommend avoiding them?
Just set up a bank account with them myself and was about to start over.

Not many banks will touch Belize anything. Even if you have $1M to open the account with you are left with banks in odd countries, like Belize, Saint Lucia etc. Even most more off the beaten path banks like Seychelles and Mauritius will no longer take them.

If you are using one it's best to keep little money in the account and take the cash out to personal accounts, crypto, brokerage, real estate, PMs.

If you have an account with odd offshore companies, you may end up in a situation where your bank account is shut down and no one will open you another one.

One of my source of funds has stopped paying me, because paying a Belize offshore company into a Puerto Rican bank is not something they want to get wrapped up with. I have about eight months of invoices piled up.

Thirty years ago Mr. Ivanov could turn up in Guernsey and open an account with t prestigious bank.
Twenty years ago he was in The Bahamas.
Ten years ago he was in Mauritius.
Today he's flying out to Vanuatu, which has been cut off from USD.
Hopefully in another ten years he'll be in hardware wallets.

From reading on the forum it seems like The OECD and others have been particularly busy behind the scenes this year. And it looks like that ilk will be coming out hard next year to terrorise people into giving up their freedom due to the fake virus. They get many of the major countries to sign up to global harmonisation of financial legislation; and then have them lean on the countries that don't - forcing them to take the same rules with no say, or be cut adrift from global capital flows.

 

[Btraveler]

Not many banks will touch Belize anything. Even if you have $1M to open the account with you are left with banks in odd countries, like Belize, Saint Lucia etc. Even most more off the beaten path banks like Seychelles and Mauritius will no longer take them.

If you are using one it's best to keep little money in the account and take the cash out to personal accounts, crypto, brokerage, real estate, PMs.

If you have an account with odd offshore companies, you may end up in a situation where your bank account is shut down and no one will open you another one.

One of my source of funds has stopped paying me, because paying a Belize offshore company into a Puerto Rican bank is not something they want to get wrapped up with. I have about eight months of invoices piled up.

Thirty years ago Mr. Ivanov could turn up in Guernsey and open an account with t prestigious bank.
Twenty years ago he was in The Bahamas.
Ten years ago he was in Mauritius.
Today he's flying out to Vanuatu, which has been cut off from USD.
Hopefully in another ten years he'll be in hardware wallets.

From reading on the forum it seems like The OECD and others have been particularly busy behind the scenes this year. And it looks like that ilk will be coming out hard next year to terrorise people into giving up their freedom due to the fake virus. They get many of the major countries to sign up to global harmonisation of financial legislation; and then have them lean on the countries that don't - forcing them to take the same rules with no say, or be cut adrift from global capital flows.

It's all about that. And, YES, this fake virus is the excuse for everything

 

[lory]

Why do you recommend avoiding them?
Just set up a bank account with them myself and was about to start over.

Where did you setup the account and with which bank?

 

[Paper Chaser]

In the end China knew what was going to happen in a global pandemic, so they started mining cryptocurrencies long time ago, generated COVID-19 to spread it and make the banking system crumble until we rely on cryptocurrencies some day. Heard it here first!

Seriously, the virus is real. However, the EU clearly starting to rush on the things they want to be fixed, e.g. offshore banking, regulating cryptocurrencies etc. etc. Shameful behaviour, but that‘s like how politics work nowadays I guess.

@lory tried with Seychelles and Advcash, got fully verified yesterday, but in order to receive bank transfers I will need to provide a bank statement from another bank. So that‘s why I will go with Bankera instead now. F*cking Advcash, if I had the opportunity to have another bank account, I would obviously make use of it. Don‘t really know why they keep advertising on this forum... Trash.

@Gediminas is Bankera fine with daily outgoing transfers to Binance or would you recommend using like Advcash in between? Don‘t want to run into constant paperwork, their first-time application literally took forever... I even have to pay 200€ upfront. They‘re totally new and considered to be an EMI, yet they charge 200€ just to have the chance to open an account with them? In case my documents will be denied I won‘t even get refunded they say! That‘s ridiculous.

 

[Gediminas]

@Gediminas is Bankera fine with daily outgoing transfers to Binance

No probs with that. They are crypto-friendly.

 

[DrGoogle]

I used advcash for over 500k EUR, no one question , I recommended

 

[Moh1]

I used advcash for over 500k EUR, no one question , I recommended

as a business or individual?

Most often it will take you some time to get them convinced about setting up your business account for a Belize company, but it is possible.

 

[uplana]

as a business or individual?

Most often it will take you some time to get them convinced about setting up your business account for a Belize company, but it is possible.

almost 2 years after your last reply. Did anyone setup a business account with AdvCash if the company is registered in Belize, Panama or Romania ?

 

[burden]

I setup one for a Cyprus company a half year ago, but can't really use it for something that I can't use my personal account for.