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Bank account for belize company: EPB, ADVANCED CASH or other ?

Juoffshore

Juoffshore

Active Member
Oct 11, 2017
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#1
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Hi Everyone,

I have incorporated a belize company and opened a bank account at Euro Pacific Bank.
I do web development, I furnish software solutions, and I provide leads to some UK companies. I am french but I live in UAE where I am tax resident.
I plan to receive my first 15K euros to my EBP account from a UK company. The bank asked me too many things like contracts between me and my customers. Then I had a look on their fees and they seems very very high.

Have you got any advices, should I apply for an Advcash instead ? I will receive around 20K per month.

I am ready to go somewhere else to open a another bank account.

Thanks in advance for your help
 
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#2
Use worldcore, LeuPay or AdvCash, the latter I'm using often for large amounts and without any problems. Otherwise you may open a Cyprus account which also works just fine.
 
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#3
auric,

I also have a Belize company and though I opened a bank account in St Vincent with Loyal Bank, I also face a lot of hassle to arrange for my subscribers to deposit money to the bank. I looked into worldcore's website and they seem to support 3rd party transfers. What is your opinion of them? Are they trustworthy? Can I use them for recurring monthly payments from my customers?
 
#4
Juoffshore said:
Hi Everyone,

I have incorporated a belize company and opened a bank account at Euro Pacific Bank.
I do web development, I furnish software solutions, and I provide leads to some UK companies. I am french but I live in UAE where I am tax resident.
I plan to receive my first 15K euros to my EBP account from a UK company. The bank asked me too many things like contracts between me and my customers. Then I had a look on their fees and they seems very very high.

Have you got any advices, should I apply for an Advcash instead ? I will receive around 20K per month.

I am ready to go somewhere else to open a another bank account.

Thanks in advance for your help
Click to expand...
Hello.
Why not Leupay and/or Worldcore (account funding by wire transfer from third party bank account 1,75%) + EPB and/or LB?
 
#5
In another post here from April is mentioned that Leupay requires account verification via mobile phone in the offshore company's country (Belize). Is this true? If so I think the only available option would be worldcore?
 
#10
James Brown said:
In another post here from April is mentioned that Leupay requires account verification via mobile phone in the offshore company's country (Belize). Is this true? If so I think the only available option would be worldcore?
Click to expand...
Why, you can get SIMS all over the Internet also for Belize!

Milky Moon said:
FAQs - The most frequently asked questions | iBanFirst

Who can open a business current account with iBanFirst?
Any company registered to its country-specific national register can apply to open an iBanFirst account.

Anyone care to test this and provide feedback?
Click to expand...
You can't test it?
 
#11
I am stuck at the leupay registration form. They want a belize mobile or fixed phone. Should I put some random digits in there? Will they ever check? I have provided my personal mobile phone in the contact details for the person representing the company.
 
#12
James Brown said:
I am stuck at the leupay registration form. They want a belize mobile or fixed phone. Should I put some random digits in there? Will they ever check? I have provided my personal mobile phone in the contact details for the person representing the company.
Click to expand...

No LeuPay sends an SMS to the number for verification.

Your best bet would be to ask a local Belizian to buy and register a digicel sim card for you and to top it up and sent it to you, the company that did the company formation could help you.
 
#13
auric said:
Use worldcore, LeuPay or AdvCash, the latter I'm using often for large amounts and without any problems. Otherwise you may open a Cyprus account which also works just fine.
Click to expand...

But do you store large amounts with them long term, or transfer out to a real bank?

Receiving money is the easy part with EMIs, but what about keeping is safe long term?
 
#14
AdvCash seems to me to be the most reliable unregulated company to hold such money! IF you look at past post about them on different places you can see they have build their company towards certain audience.
 
#15
Admin said:
AdvCash seems to me to be the most reliable unregulated company to hold such money! IF you look at past post about them on different places you can see they have build their company towards certain audience.
Click to expand...

That's really great, but would you put your money (Say 1 Mil) in an unregulated EMI for a decade and assume it's safe and sound?
 
#16
I'm not sure if I would do that with such money!
 
#17
Admin said:
I'm not sure if I would do that with such money!
Click to expand...

So that begs the question, where to funnel funds to from EMI's? Sure we can all have a half dozen or more EMIs with smaller amounts, but consolidating profits as savings in a safe place then remains the big question I have. One can only stuff so much money under t he mattress from all the ATM withdrawals!
 
#20
Tom said:
But they dont accept third party payments
Click to expand...
This changed for not long time ago! Anyway you can still receive 3rd party payments from companies as long as you have an relationship with them somehow.
 
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