Is Jersey considered a good option?
But banks in Seychelles aren't that great . I liked it when they had Barclay's bank but after 2015 it left Seychelles unfortunately. Do you recommend any specific bank?
ABSA Bank has Barclays' SWIFT codes in Seychelles, as they took over operations (BARSC is how it starts). All in all, if they grant you access, it is a reasonable enough bank (one of the largest in the south of Africa), so you should be covered with them.But banks in Seychelles aren't that great . I liked it when they had Barclay's bank but after 2015 it left Seychelles unfortunately. Do you recommend any specific bank?
@Martin Everson I thought Jersey was for trusts, not foundations? Would you mind giving some CSPs experts in foundations there, if you know any? Thanks.Yes. A top option in fact.
Where is better in your opinion? Without minimum stay, visit, etc
But banks in Seychelles aren't that great . I liked it when they had Barclay's bank but after 2015 it left Seychelles unfortunately. Do you recommend any specific bank?
@Martin Everson I thought Jersey was for trusts, not foundations?
Would you mind giving some CSPs experts in foundations there, if you know any? Thanks.
But banks offshore aren't happy to accept anything to do with Seychelles jurisdiction due to past issues. Do you recommend banks who are ready to work with Seychelles as I have found no banks as of yet.What has Seychelles banks got to do with where you bank the assets of Seychelles Foundation?
Do you think there are many Seychelles, BVI or Cayman trust or even offshore company that bank locally....lol? The majority bank outside the jurisdiction and same principle applies for Foundations.
Thank you for this information.ABSA Bank has Barclays' SWIFT codes in Seychelles, as they took over operations (BARSC is how it starts). All in all, if they grant you access, it is a reasonable enough bank (one of the largest in the south of Africa), so you should be covered with them.
NVO
But banks offshore aren't happy to accept anything to do with Seychelles jurisdiction due to past issues. Do you recommend banks who are ready to work with Seychelles as I have found no banks as of yet.
I tried SBM Bank, Bank One, HSBC Singapore, Barclays, Paysend, Starling
You tried that ?issue an INTERPOL red notice over a misunderstanding.
If you want a bank account UAE may be the better choice otherwise Seychelles or Vanuatu as they won't throw you in jail or issue an INTERPOL red notice over a misunderstanding.
Interpol goes only after people who have criminal record.If you want a bank account UAE may be the better choice otherwise Seychelles or Vanuatu as they won't throw you in jail or issue an INTERPOL red notice over a misunderstanding.
I was advised by an advisor Absa has stopped accepting offshore accounts. If anyone has some valuable info on this situation please reply back. ThanksABSA Bank has Barclays' SWIFT codes in Seychelles, as they took over operations (BARSC is how it starts). All in all, if they grant you access, it is a reasonable enough bank (one of the largest in the south of Africa), so you should be covered with them.
NVO
I’ve worked with all three, ADGM, DIFC, and RAK ICC depending on the client’s goals, and I can confirm that UAE foundations can be a solid option for asset protection, succession, and even holding crypto.In the UAE, there are three foundations:
- ADGM foundation (Abu Dhabi)
- DIFC foundation (Dubai)
- RAK ICC foundation (Ras Al Khaimer)
These foundations are based on English common law.
Foundations are perpetual, and thus are valuable for succession planning. They can also be useful for asset protection, similar to a trust.
The foundation can hold property, investments, businesses, crypto, etc.
I am interested to know if anyone has any experience with UAE foundations. They seem to be quite attractive, and far cheaper than alternatives (i.e., a Cook Island trust). Pros? Cons?
Note: properties/investments held by a foundation do not seem to be eligible for the golden visa, as far as I know.