From my experience so far:Does BVI have good reputation? Is it easy to open an offshore bank account, receive wire transfers from our clients...? What are the cons of this jurisdiction?
can we open an offshore bank account with for a BVI company? Once the bank account is open, will we face any problem receiving wire transfers from our clients?Compared to what? For what purpose?
It depends on what the company does, but it will be difficult in any case.can we open an offshore bank account with for a BVI company? Once the bank account is open, will we face any problem receiving wire transfers from our clients?
BVI has a fine reputation as an offshore jurisdiction, while the bank account will rely upon your business nature and the countries you are dealing with. The cons will depend on your company's needs, but one main weakness is that currently they don't have the same access to banking solutions as Hong Kong or Singapore companies due to their offshore status.Does BVI have good reputation? Is it easy to open an offshore bank account, receive wire transfers from our clients...? What are the cons of this jurisdiction?