leave money to corporate bank account

[Wenoff]

What are the risks to leave all the money to the corporate bank account of a seychelles or belize company for many years?

 

[negon]

Do you believe there is a risk? I don't think so. I have had my money for some years on a Cyprus bank account never had a problem. I feel very comfortable with it.

 

[Wenoff]

Do you believe there is a risk? I don't think so. I have had my money for some years on a Cyprus bank account never had a problem. I feel very comfortable with it.

If th company has problems with a bank or the law the corporate bank account will be distrained.

 

[JohnLocke]

Yes that is totally right, how does this differ from a onshore bank account in any other bank and a Cyprus bank?

 

[negon]

You are right. If we get the 3rd world war we the bank account will not work anymore and we will all have to trade in food.

 

[hiju]

I will not have problems to leave my money in my Cyprus bank account once I have it operative. I will also keep a few thousands in each of the wallets to split my risk!

 

[DeMajor]

I have had an Cyprus account since 2010 with the same bank USB bank.. never ever had any troubles I have thousands of euros there!

 

[hiju]

I have had an Cyprus account since 2010 with the same bank USB bank.. never ever had any troubles I have thousands of euros there!

great reply.. thank you I just felt more comfortable now.

 

[Wenoff]

Zero risk does not exist!

 

[negon]

Zero risk does not exist!

totally agree, there is always a risk, just take a look at major banks around the globe.

 

[Sebra]

But, Wenoff, if you are looking to minimize risk when it comes to banking, may I suggest that you take a look at Euro Pacific Bank that is a so called 100% reserve bank. This means that they do not lend out or "play" with your money as the the usual banks do. I would feel much more comfortable to leave my money in that kind of a bank. This kind of banking does however mean that they have to take some higher fees on most services and the eventual interests you may earn will be very low. You may look into their gold backed account as well. I am not an expert in either offhsore banking or offhore corps, merely a newbie, but I share your concern on this. Very few banks, offshore or not, are sound and safe these days.

 

[Wenoff]

Sebra what banks are you using?

 

[Sebra]

Sebra what banks are you using?

I am not there yet For the moment, I consider several set-ups for offshore corp. Euro Pacific Bank is the bank I will prefer to go for if I finally decide to go offshore. I do not think my business will have a lot of activity in the very beginning so the fees will not bother me too much. If so, I just add WorldCore and similar e-wallet solutions to the mix.