Curious about how the Wire Transfer Instructions looking like - do they give you dedicated VG.... IBAN and have proper correspondence bank network?
Last time I have checked they were using some HK bank as correspondence bank.
If they just use an
EMI then technically it's not a Bank but an
EMI and you can go pretty much with every
high risk EMI - technically it would be the same.
However look in Cayman National Bank at least from the DIFC Dubai based rep. Banker I know they are absolutely fine with BVI entities however this would only improve the fact you bank with a proper bank having CITIBANK as correspondence but fees around 1000$ per year and around 50$ for Wire and since recently for 50k$+ and 100k$+ something between 80-150$.
Like
@Martin Everson says it's the price of banking a
BVI company and it's exactly what I try to tell all the time the folks here - you pay with a
Dubai Company initial more then your 1500-2000$ BVI Company however a wire transfer is 10$ and opening or no they is 0.
You get with the setup we provide the highest transactional
Offshore Banking possible while maintaining the all-time classic KPI's - 0% tax,
no VAT, no accounting and audit and of course no public company register.
