Can a offshore trust or foundation open a bank account offshore?

[bugeja]

I it possible for an offshore trust or offshore foundation say Seychelles, Panama, Cyprus to open a offshore bank account and received payments?

 

[bugeja]

What will be better Offshore Foundation hold shares in Seychelles IBC or Offshore Trust?

 

[JillSunder]

Want to ask the same, also if it is better why go at all for a Seychelles, Panama or other offshore company?

 

[JohnLocke]

There is no thing like what is better!! That said, I would look into what it is you try to achieve, a Trust and Foundation are 2 widely different entities.


You may read about the basics of a Seychelles Foundation here What is a Private Interest Foundation? - Blogs - Offshore Company Forum which actually is similar to a Panama foundation as well.


You may read some deepening information about the Seychelles Trust here Seychelles International Trust for Tax and Asset Management- learn how to setup! - Blogs - Offshore Company Forum