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What's important when you choose a service provider?

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sullyferdinand

Active Member
For example some providers who charge $2,000 to open personal account in something like Bank of Georgia.. They just ask client to visit a branch (same thing you can do on your own even without their "help"). This is overcharging and borderline scam lol.
completely agree that it is overcharging
however, if a client make a short research before hiring the services, he will realise that MOST (probably 75-80%) of the banks mentioned in this forum do not require an introducer. you can do it by yourself. It is not a scam, the ''assistance'' service they offer might include:
- review of documents
- assistance with filling forms
-arranging the meeting with a representative in the country where the meeting is taking place
- short briefing and guidance before the interview with banker takes place

all the mentioned above, is it a MUST? No. You can do it all by yourself, you just need to take a flight to the city and visit few banks with your personal documents and corporate documents

Should they do it for free just because you can do it alone? No
Nobody is forcing to pay for the service, it is not mandatory
You can use a service provider to register the company and then open 100 bank accounts without their assistance
Better check the scope of services before paying
 

avalanche

Entrepreneur
completely agree that it is overcharging
however, if a client make a short research before hiring the services, he will realise that MOST (probably 75-80%) of the banks mentioned in this forum do not require an introducer. you can do it by yourself. It is not a scam, the ''assistance'' service they offer might include:
- review of documents
- assistance with filling forms
-arranging the meeting with a representative in the country where the meeting is taking place
- short briefing and guidance before the interview with banker takes place

all the mentioned above, is it a MUST? No. You can do it all by yourself, you just need to take a flight to the city and visit few banks with your personal documents and corporate documents

Should they do it for free just because you can do it alone? No
Nobody is forcing to pay for the service, it is not mandatory
You can use a service provider to register the company and then open 100 bank accounts without their assistance
Better check the scope of services before paying
In some cases service providers dont even review your documents. They still dont guarantee any results anyways.
 
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