Offshore Bank account requirements to open an account!???

[blainchain]

Hi,


I'm and so many must be confused about the exact requirements to open a offshore company and the level of privacy.


I read (please add and / or correct) that the following is an requirement:


- copy of passport or other government issued photo id


- passport need to be certified by lawyer or banker or other authority


- utility bill in English or bank- / credit card statement


- all corporate documents with apostille


Is that correct? Or is ther anything else I need?


Please supply :hello:

 

[JohnLocke]

That's correct! Please make sure that all the documents are bundled in 1 e-mail when submitting so it may be easier for all to get an overview when opening the offshore bank account.. in some case additional documents are required but in general this is pretty much it.


You may also have a look at this link: The requirements for opening a Cyprus Bank Account | cyprus-bank-account

 

[plunk]

copy of passport and utility bill in English is sufficient as far as I remember.

 

[tropico]

But be aware of the fact, that many offshore banks around the globe require a so called bank reference and - sometimes - a so called proffesional reference, to be issued by a laywer or a CPA !


Just google about these expressions.


Does Cyprus banks require something like that ?

 

[JohnLocke]

Does Cyprus banks require something like that ?

Some do while other's dont. For instant Barclays in the Seychelles also don't care.


But in general your right most requires a bank / professional reference letter.

 

[bitotan]

What if I can't get a reference letter from bank?

 

[tropico]

If you can´t get a bank reference, find an offshore bank that does not require such letter (i.e.: Barclays at Seycelles, as the Admin recently mentioned). Otherwise you won´t be able to open an offshore account.

 

[Spinat]

If you can´t get a bank reference, find an offshore bank that does not require such letter (i.e.: Barclays at Seycelles, as the Admin recently mentioned). Otherwise you won´t be able to open an offshore account.

Second that, also there are banks in Cyprus who not require a reference letter!

 

[ManishHill]

Is required to visit the bank to open offshore bank account in Cyprus?

 

[belaster]

For Cyprus bank I know it is NOT required to visit them it can be done remote.

 

[blainchain]

That's correct! Please make sure that all the documents are bundled in 1 e-mail when submitting so it may be easier for all to get an overview when opening the offshore bank account.. in some case additional documents are required but in general this is pretty much it.
You may also have a look at this link....

What does the reference letter need to look like? btw. the link is dead!

 

[blainchain]

Any sample would be great, thanks!

 

[tegris]

REFERENCE LETTER


To : Bank


TO BE PROVIDED ON BANK'S LETTERHEAD (with the Bank's full name, address, telephone & fax numbers)


RE : PERSON'S NAME


This is to certify that Mr./Mdm. *Person’s Name* (holder of Passport No./HK


Identity No.***), and residing at *Home Address* has been client of this


Bank since *Date* (must be more than one year).


We confirm that the accounts held by the subject have been conducted


properly up to our satisfaction.


Yours faithfully,


Bank Officer's Full Name & Signature


--------------------------------------END OF REFERENCE LETTER

 

[dwilson]

Basic requirements are as follows for each director, shareholder and beneficial owner of the company (natural persons):


certified government ID copy (must show a clear photo of the subject and include the subject's signature, be valid and non-expired) Passport copies normally preferred.


certified proof of address issued less than three months before the application (proof of address can be a bank statement or utility bill)


Optional (some bank's require)


a bank reference - with an international bank who has had a relationship with the subject not less than 1 year


a professional reference - from a licensed attorney or an accountant with an active membership with a professional body (ie.ACCA, CPA, CGA)


Corporate Docs (also required for entities that are directors, shareholders)


Certified copies of all corporate documents:


Certificate of incorporation


Memorandum of association and articles of association


Register of Directors and Members


(Optional) Resolutions appointing directors and issuing share certificates


copies of share certificates


Additional considerations (in rare circumstances depending on the risk profile of the company's business):


Business plan


Applications will requests:


Source of Wealth,Source of Funds, Account turnover, Business activity, Geography of Business