Open a offshore bank account

 

It's very important to open a bank account and maintain a good relationship with the bank for safe and fast deposits and withdrawals of customer funds in the Forex business,
 

Each country has its own local banking laws, and each bank has a variety of types, including delivery procedures and required documents to follow.

 

3main reasons

 

Recently, many banks tend to refuse to open bank accounts and there are three main reasons.
 

1. nationality (country of founder or company)
2. The company's business activities (especially for a Forex company) are likely to fail.
3. Poorly organized supporting documents

 

So depending on how well you maintain your existing human network with banks and how well you prepare documents for changing bank conditions, the success rate of opening varies greatly.

Lion Consulting has been building up its own personal network with banks for many years and has excellent know-how on exactly what documents to prepare and submit to increase the success rate of opening, so it has a high rate of success in opening accounts in the area that customers want.

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Summary - Lion Consulting Advantages

 

Extensive Banking Network
Long-term relationships with banks in many countries can help the client deliver the solution that best fits the client's situation and business needs.

Local Expertise
Broad working experience with banks provides better preparedness for due diligence processes, increasing the likelihood of bank account approval.

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What is an offshore bank?

All banks opened outside the country where the company was established are offshore banks.
For example, if you set up a corporation in Belize, the accounts opened in all countries other than Belize are offshore bank accounts.

Is it a good thing to set up an account at an offshore bank?
 

Basically, an offshore bank account is a very good condition for doing forex business because it is free from deposit, withdrawal and tax in the country.