ideally within the same bank.
there are lot's around here on OCT - @CyprusLaw @CyprusLawyer101 @CyprusBusiness @James TurnerDo share please
UK banks or Swiss banks who will open accounts for Georgian entity
I respectfully disagree. If you need specific help, depending on your intended usage / how much you will keep on average, I can make some intros. It's more about who you know at those banks and whether you are willing to pay slightly more expensive fees than what you would pay for Revolut, than showing up with a lot of money.These days it's hard to open a UK bank account for a UK LTD, i imagine how easy would be to open for a Georgian LLC unless you show up with a lot of £££££££
For a normally working setup Wise and Revolut I think are bad choices. They can suspend (and will!!) suspend the account if their computer says so, and I simply do not think that the structures and activities will no be immediate red flagsYes, in practice, it’s crucial to have strong banking relationships in tier-1 jurisdictions that can facilitate account openings for your entire setup—ideally within the same bank. I’ve successfully done this multiple times, covering Georgia, Cyprus, Malta... and more "grey" ones like Nevis, Bahamas... If someone were to take a ‘cheap’ approach—which I wouldn’t recommend given his $1-3M annual income—they could open a Georgia company account with Wise or use Revolut in Malta, for example. With their income, they must already have contacts with private banks.
Do you think Georgian banks are safer?For a normally working setup Wise and Revolut I think are bad choices. They can suspend (and will!!) suspend the account if their computer says so, and I simply do not think that the structures and activities will no be immediate red flags
Of course notDo you think Georgian banks are safer?
I have accounts with the usual suspects in Georgia (TBC, BoG, VTB) and whilst they don't hold a king's ransom, I'd still like to diversify deposits further.
What are people's experience with Terabank? They're quite heavy on advertising in Tbilisi yet after a deeper dive into them, I was surprised to see they're absolutely tiny and scrape a B+ rating from Fitch. The constant name changes over a short period of time are also noted...
Some of their correspondent banks (even for USD) are also somewhat suspect, I count 4 Russian outfits. Does this mean Terabank are smart in not relying on one...
- permabear
- Replies: 31
- Forum: Offshore Bank & EMI Accounts
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