Euro pacific bank cease operatrion, i need a new offshore bank

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Peter69

New member
Hello

I am a freelancer and provide service in part of development and procuction for small and medium businesses.
I did build a offshore company in seychelles and used Euro Pacific Bank for the last 5 years, never had any problem.

Company tax haven is seychelles , my tax haven is Europe.

We did receive monthly payments from german costumer and did payments to Portugal, where our office and company is placed.

Now we are looking for a new bank , that can provide a swift transfer in and out.
Agency gave us 3 options:
- Caye Bank
- Migom Bank
- EQI Bank

Reading in forum , they are not the best advise.
Please help us out to find a suitable bank for our small business.

Or is there another option as freelancer to work with Xolo ?
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Now we are looking for a new bank

Wait and see what EPB is offering as replacement bank to its customers.

P.S Check the new banks financials beforehand however.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
You think they will offer a replacement ?

They said they would on their site. It sounds like it will possibly be the bank they claimed wanted to buy EPB that they will suggest.
 

csp dubai

Active Member
i suggest you to move to low tax jurisdition offsfore is not working any more for small guys, if you workwith. europe andorra couldbe a good solution
 

csp dubai

Active Member
for andorra you need to get permit first , is not difficult , but to get it htere is one time application fee 15000 eur
 

Forester

Silver Member

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member

Fred

Dubai Expat
Mentor Group Gold
Elite Member
Commercial Service
Entrepreneur
Do you really want to use ABC? ABC Mauritius is basically a Chinese run bank now with all Chinese management. I thought their focus was now as an Asian offshore hub in Africa.

Not a hugely profitable bank either.

You name it - was already sitting in there DIFC Rep Office but no thanks.

Beside of that you have to make a Skype Call to explain every transfer in-/out above 10.000 USD with supporting documents - which is a huge workload if you run a proper day to day business.
 

Mavpu

New member
well, i checked the financial statements, are profitable and audited which considering my recent experience is not a bad starting point. Also my company incorporation is HK so my alternative are HK banks I just need to go there to open one meanwhile I could use another bank support until the HK account is live (takes 1-2 months before is operable).

this was my other alternative but they don't have financial statements: https://www.cbibank.com/business-en.html

I applied to some banks in EU let's see what they say... in Switzerland do you know any bank that could help?
 
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