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Bank for Seychelles IBC

Discussion in 'Offshore Bank Accounts' started by Leomor, May 11, 2018.

  1. Leomor

    Leomor New Member

    Please recommend a bank for Seychelles IBC that can open an account remotely.
    The main (and only) activity is stock trading own funds via Interactive Brokers.
    I am interested in both EU and non-EU banks with reasonable fees.
     
    Admin likes this.
  2. Admin

    Admin Forum Moderator The Forum Cleaner

    Have you looked into Cyprus banks? or EMI's like Revolut, Mister Tango, AdvCahs etc?
     
  3. Leomor

    Leomor New Member

    I am going to open an account with LeuPay and/or MisterTango, but I am scared by the stories that EMI's are notorious for blocking the accounts. And I need to make payments for up to 30K.

    Cyprus - also looking at.

    But I wanted to get ideas about non-EU banks where one can open an account remotely and with reasonable fees.
     
  4. Admin

    Admin Forum Moderator The Forum Cleaner

    Try Euro Pacific Bank, they are like most offshore banks, expensive and not easy to open accounts with.
     
  5. Leomor

    Leomor New Member

    Tried, they do not accept clients from Ukraine.
    Maybe other banks?
     
  6. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    The banks I had in mind don't accept Ukrainian clients :-(
     
  7. Leomor

    Leomor New Member

    Martin, do you have other non-European banks in mind that may serve clients from Ukraine with Seychelles IBC?
     
  8. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Ukraine + Seychelles IBC = bank rejection

    I don't have any suggestions
     
  9. Leomor

    Leomor New Member

    Well, there are considerable assets there in a brokerage account with IB. But no bank account to get them out.
    What can I do else? Re-domiciliation?
     
  10. MrTony

    MrTony Member Entrepreneur

    Try Macedonia, Kazakhstan, Armenia, Georgia
     
  11. Admin

    Admin Forum Moderator The Forum Cleaner

    Can you mention some banks and maybe some details if it is possible for remote account opening or if they require personal visit or what else you may know?
     
  12. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Georgia and Kazakhstan require personal visit. I don't think Ukraine nationality will be an issue but Ukraine+Seychelles = rejection
     
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  13. Leomor

    Leomor New Member

    Thanks, could you mention some banks? Do you have experience with these countries?
     
  14. Leomor

    Leomor New Member

    Why is it so - Ukraine not an issue / Seychelles not an issue - Ukraine+Seychelles - big issue?
    Is there a regulation, silent regulation or smth?
    Is Russia+Seychelles same?

    And then, what do you think about re-domiciliation? Or what other options I have?
     
  15. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Yes there is sanctions on Russian controlled Ukraine (Crimea) as you know. Some banks have taken the decision to blacklist the whole of Ukraine rather than dig out google map and find which part you live in. It is that simple. Some banks however rightly classify Ukraine as gray listed and hence examine on a case by case basis if it is worth the money for them.

    Russia+Seychelles= rejection

    Wealthy Russian businessmen buy second passports for this reason and many live outside Russia in UK and elsewhere to get around the issue. However they still have problems in 2018 with Russia-phobia
     
  16. W4rhol

    W4rhol Active Member Entrepreneur

    @Martin Everson What was your idea corporate account for a Seychelle IBC ? I'm currently interested
     
  17. Leomor

    Leomor New Member

    Thanks!
    If it was Seychelles+Ukraine citizen/EU resident - would you recommend any banks?
    (EuroPac, e.g., asks both residency and citizenship, and denies Ukraine in any of the two...)
    I can make the case, however, would need to deal with CRS and higher taxes
     
  18. MrTony

    MrTony Member Entrepreneur

    Who prevents you to try and ask banks about this?
    Just open a list of banks of countries and write to all. Many depend on the nature of your business, transactions, counterparties etc.
     
  19. Martin Everson

    Martin Everson Offshore Consultant Business Angel

    Ukraine+EU Residency no problem. Adding a Seychelles would be hit and miss. There is many people with EU residency and nationality who have an issue to open an account for Seychelles company.
     
  20. W4rhol

    W4rhol Active Member Entrepreneur

    The problem is Eu residency OR the eu nationality ?