Offshore company with bank account

blingo

New Member
Hi everyone,

I'm a contractor, paid once a month in USD and need to set up an offshore company and bank account because the country I'm a resident of has implemented some very strict capital controls so it's no longer possible for me to receive my USD to my home bank. It seems somewhere like Delaware might be an option as there's no tax and book keeping. While I earn well, my earnings don't really justify spending a lot on a monthly basis to run a complex operation. I've seen many online offers for Delaware incorporation but it's unclear to me whether opening a bank account would be possible? Any advice on that front? Also, I'm not set on Delaware, it just seemed like a decent option. Thanks in advance for your help.
 

James Turner

Trusted Member
Business Angel
Mentor Group
Delaware is a reasonably cheap option for company formation, but as a none US resident banking can be extremely difficult to arrange in the US itself. Banking for Delaware Companies is available in other countries and we can assist with the complete package.
 

blingo

New Member
Thanks for your reply. Is Delaware the option you'd suggest? I assume a company from their would have plenty of offshore banking locations compared to a company from somewhere like Seychelles? Would the bank be a stable one and would I be able to make SWIFT payments from there online?

Thank you
 

CharlesN

New Member
Delaware is a reasonably cheap option for company formation, but as a none US resident banking can be extremely difficult to arrange in the US itself. Banking for Delaware Companies is available in other countries and we can assist with the complete package.
Is Canadian banking (don't ask why!) available for Delaware companies? How about Eurozone? Thanks
 

Cetme308win

Trusted Member
Business Angel
Thanks for your reply. Is Delaware the option you'd suggest? I assume a company from their would have plenty of offshore banking locations compared to a company from somewhere like Seychelles? Would the bank be a stable one and would I be able to make SWIFT payments from there online?

Thank you
I think Canada could be a better choice....
You can even use a Seychelles account for that....
Btw are u from Argentina?
 

James Turner

Trusted Member
Business Angel
Mentor Group
There are no Seychelles banks that will work with a Delaware Company to my knowledge.
 

blingo

New Member
I think Canada could be a better choice....
You can even use a Seychelles account for that....
Btw are u from Argentina?
Thanks for your reply, indeed I am, why do you ask?
Are you saying I could open a Canadian bank with a Seychelles company? Why would that be preferable to Delaware? Canadian taxes are quite high I believe.
 

Cetme308win

Trusted Member
Business Angel
Thanks for your reply, indeed I am, why do you ask?
Are you saying I could open a Canadian bank with a Seychelles company? Why would that be preferable to Delaware? Canadian taxes are quite high I believe.
nopeeee I mean a canadian company or a seychelles company...
for not residents, If you don't do business in Canada you are fine.... 0 taxes almost like in Delaware and better reputation
 

blingo

New Member
nopeeee I mean a canadian company or a seychelles company...
for not residents, If you don't do business in Canada you are fine.... 0 taxes almost like in Delaware and better reputation
I see, makes sense. For reasons I don't want to disclose here publicly Canada wouldn't be a good option for me.

As for Seychelles, that was my intitial thought but it seems very difficult to open a reputable bank account anywhere.
 

blingo

New Member
Why do you need a company? Can it work with just a personal account?
I need the company because due to a new law here I'm required to transfer any earnings and convert them to local currency within 5 days of receiving them. The only legal way I can think to get around this is by opening an offshore company who will receive the funds instead of me. At least that way my savings can stay in real currency. I'd be open to illegal suggestions as well as I feel these new laws are confiscatory but it seems like it's very difficult to hide earnings these days.
 

Joe Blasco

Active Member
nopeeee I mean a canadian company or a seychelles company...
for not residents, If you don't do business in Canada you are fine.... 0 taxes almost like in Delaware and better reputation
Cetme308, nice rifle by the way, do u have any suggestions for any CANADIAN bank account for the Canadian firm with a non resident director? Thks 4 ur time...
 

Cetme308win

Trusted Member
Business Angel
But if you don't do business in Canada then you will have to pay tax in your home country right?
yes you can even make the Canada company be the subsidiary of a Seychelles company for example and all the money will go to your Seychelles company

I see, makes sense. For reasons I don't want to disclose here publicly Canada wouldn't be a good option for me.

As for Seychelles, that was my intitial thought but it seems very difficult to open a reputable bank account anywhere.
Cyprus used to be a good place for opening bank accounts to such companies...Now u only have some EMI and banks like EPB

I need the company because due to a new law here I'm required to transfer any earnings and convert them to local currency within 5 days of receiving them. The only legal way I can think to get around this is by opening an offshore company who will receive the funds instead of me. At least that way my savings can stay in real currency. I'd be open to illegal suggestions as well as I feel these new laws are confiscatory but it seems like it's very difficult to hide earnings these days.
holly shit that sucks,I have some friends in Argentina and I know a bit about that shit...
you can try with Seychelles IBC + EPB + brokerage account for your company in for example swissquote or interactive broker
Then you receive the money in EPB and then you send a transfer to your brokerage account

Cetme308, nice rifle by the way, do u have any suggestions for any CANADIAN bank account for the Canadian firm with a non resident director? Thks 4 ur time...
Try with TD bank,RBC or BMO
About the Cetme rifle,I love it so much...Was the first gun I shot when I was 12
 
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Joe Blasco

Active Member
yes you can even make the Canada company be the subsidiary of a Seychelles company for example and all the money will go to your Seychelles company


Cyprus used to be a good place for opening bank accounts to such companies...Now u only have some EMI and banks like EPB


holly shit that sucks,I have some friends in Argentina and I know a bit about that shit...
you can try with Seychelles IBC + EPB + brokerage account for your company in for example swissquote or interactive broker
Then you receive the money in EPB and then you send a transfer to your brokerage account


Try with TD bank,RBC or BMO
About the Cetme rifle,I love it so much...Was the first gun I shot when I was 12
Thank you ! it s a beauty my only concern was the unfluted chamber, never had any problem with extraction but I always shot less powerful than NATO standards cartridges to be on the safe side. I loved the green color of the receiver and the contrast with the buttstock.
 

Cetme308win

Trusted Member
Business Angel
Thank you ! it s a beauty my only concern was the unfluted chamber, never had any problem with extraction but I always shot less powerful than NATO standards cartridges to be on the safe side. I loved the green color of the receiver and the contrast with the buttstock.
I can see that you are talking about the Cetme L,not the best one produced, I preffer a lot the Cetme C, older and heavier but more reliable you know...I always heard a lot of complains about the Cetme L from people here.

About the canadian banks,just call them and ask them about. And tell them what they said but you can get easier a bank there than one in USA for a LLC with a non resident director
 

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