There are banks that accept bearer shares companies. I can't really give you a list of banks, since in my experience bank tend to take a very case-by-case approach to this. That said, you can try in the Caribbean region, Mauritius, Seychelles, and throughout Europe. Some banks will require that the shares are held with a custodian.greenredbrown said:Sorry to drag up an old thread. This issue has also always interested me. I think, and I'm no expert (actually a complete novice working only in a very small and basic understanding none of which includes any legal back ground) but a bearer share company may not be able to open up a bank account.
Banks will look for what is called the Ultimate Beneficial Owner (UBO). If Company A is a bearer shares company that owns Company B and you try to open an account for Company B, the bank will ask for details about Company A. You are going to need a rather complex nature behind the company that opens the account if you want the UBO to be unknown to the bank and be a bearer shares company.greenredbrown said:However I believe it can open a subsidiary company. Obviously this subsidiary isn't a bearer share company. It's director(s) and share holders can all be named as the parent company. In my mind the subsidiary shouldn't have a problem opening a bank account because it is not a bearer share company???? Is this line of thinking correct? Maybe it would require a third layer grandparent company(bearer share company)---->parent company---->subsidiary(bank account holder)