Best Offshore Banking Solution

[Dr. Burrito]

Hi,

Just looking for some general advise on offshore banking; bet banks, locations and solution for small businessess and individuals.

Thanks,

Dr. B

[kudroz]

Offshore banking for individuals is realitevely easy and you have lots of choice. You can open an account with HSBC Offshore (Jersey) by mail and online. You can check out http://www.offshore.hsbc.com

There are other banks too that will let you open an account online, here's a short list:

http://www.natwestoffshore.com/offshore.asp

http://www.abbeyinternational.com/

http://www.lloydstsb-offshore.com/Internat...lAccount/Apply/

For small business and current accounts it's a different story and I would be extremely interested to hear more about offshore accounts for small businesses.

[Pilchard]

I've been with Bank of Scotland Inter for a while now , very good customer service with net and phone banking.

www.bankofscotlandinternational.com

[smilingjim]

Hi,

Just looking for some general advise on offshore banking; bet banks, locations and solution for small businessess and individuals.

Thanks,

Dr. B

As other people have said offshore is relatively easy for individuals. The location can be in various places. EU nationals might now prefer Hong Kong or Singapore to avoide the red tape now involved for EU residents.

Is the small business a sole trader, partnership or limited company. Where is it based and what is your nationality?

[Dr. Burrito]

It's based in Thailand, but we are looking at a solution to make it legal in Dubai without having to be there. It is a LTD setup

Thanks

Dr. B

[smilingjim]

It's based in Thailand, but we are looking at a solution to make it legal in Dubai without having to be there. It is a LTD setup

Thanks

Dr. B

Its a simple matter to set up an offshore bank account for a Ltd. Co. Just need to submit all the company docs etc.Why are you setting up the ltd co in Dubai.

[kudroz]

It's based in Thailand, but we are looking at a solution to make it legal in Dubai without having to be there. It is a LTD setup

Thanks

Dr. B

Its a simple matter to set up an offshore bank account for a Ltd. Co. Just need to submit all the company docs etc.Why are you setting up the ltd co in Dubai.

Could you perhaps suggest a few banks that doesn't require you to physically visit the branch in person to open such accounts?

[smilingjim]

It's based in Thailand, but we are looking at a solution to make it legal in Dubai without having to be there. It is a LTD setup

Thanks

Dr. B

Its a simple matter to set up an offshore bank account for a Ltd. Co. Just need to submit all the company docs etc.Why are you setting up the ltd co in Dubai.

Could you perhaps suggest a few banks that doesn't require you to physically visit the branch in person to open such accounts?

Does the Limited Company already exist? Most people do it through an intermediary who sets up the offshore account and does the bank intro/account opening at the same time.

Bll docs verifed by an appropriate person: lawyer, qualified acoountant, IFA etc. No need to go there in person.

Can try approaching them yourself. Have a look at these:

Anglo Irish Bank Corporation Plc - Isle of Man

Bank of Scotland – Jersey or Isle of Man

Lloyds TSB Bank Plc - Isle of Man

HSBC - Isle of Man or Hong Kong

Nationwide International Limited

RBSI - Isle of Man

Barclays: http://www.barclays.com/internationalcorporate/