Is it easy to receive funds into an offshore account?

[totalchaos]

If I were to establish an offshore entity and new bank account (in the same jurisdiction or some other offshore jurisdiction), what are your experiences with receiving large ($000k's or $M's) amounts of funds (legal) into that account? (especially with no transaction history)


Ever had a large transfer held up (not released to you) at the receiving offshore bank?


Are offshore banks as strict with the origin of funds? care to share your experiences?

 

[JohnLocke]

Actually as long as you can legitimate the source of funds and the bank will be aware of the incoming amount you will not face any troubles.

Ever had a large transfer held up (not released to you) at the receiving offshore bank?

For the banks and clients we work with we never had such problems, if it is funny business or illicit money we speak you will face lot's of troubles.

Are offshore banks as strict with the origin of funds? care to share your experiences?

YES and YES they are even more strict than regular banks.

 

[nastathin]

How difficult is it to open offshore bank in Cyprus or Seychelles Admin? Seems that's the only place you open bank accounts.. if others know other country please tell how difficult it is to open a offshore bank account there?