Euro Pacific Bank will be re-domiciling on 20 Nov 17

[andynowhere]

Euro Pacific Bank will be re-domiciling on 20 Nov 17

Here is the message I received

In our continued efforts to build a world-class online bank offering, Euro Pacific Bank Ltd. would like to inform all customers that on November 20th, 2017, the Bank will be re-domiciling its operations to San Juan, Puerto Rico, from St. Vincent and the Grenadines. This change will have no impact on the day-to-day operation of your account, as the legal entity is simply moving jurisdictions. Management determined that this move was necessary to provide customers with access to new products and services that are not currently available in St. Vincent and the Grenadines.

is a good news for us?

 

[Ezequiel D]

Hi @andynowhere in Argentina, we have a bank that it has re-domiciled in Puerto Rico, I don't know why, but they now have a lot of new clients, I didn't open an account with EPB, cannot say you if it is good news or not, but it's very suspicious that every single new bank goes there.

 

[negon]

It has already been posted on the forum before. It may help in regards to CRS / TAX reporting, however, the bank is almost impossible to work with for normal businesses.