Why not bank account in same country as Offshore company?

orangeye

Offshore Agent

Mentor Group Gold Premium

Feb 3, 2011

471

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Russia

Feb 8, 2011

#1

• Feb 8, 2011

• #1

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Why do I read everywhere that it is not good to have offshore bank account and offshore company in same country?

 

JohnLocke

Administrator

Staff member

Elite Member

Dec 29, 2008

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Feb 8, 2011

#2

• Feb 8, 2011

• #2

For most it is not an issue but if you want to avoid any TIE you will want to have the account in another jurisdiction!

 

pontiacG8

Offshore Agent

Jan 12, 2011

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Feb 11, 2011

#3

• Feb 11, 2011

• #3

Always better to have the bank account in a different country than the offshore company!

 

alibran

Offshore Agent

Feb 2, 2011

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Feb 11, 2011

#4

• Feb 11, 2011

• #4

From what I understand, having your bank account and company in different countries increases privacy - if that's something you need.

 

seat-my-business

Offshore Agent

Business Angel

Jan 14, 2011

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Aug 18, 2015

#5

• Aug 18, 2015

• #5

Yu always want to have the offshore company formed in one jurisdiction and the bank account in another, never bank the same place where your company is incorporated it makes things much safer. Finally if you want to be sure not to get busted at any time, you build up huge offshore structures in different onshore and offshore jurisdictions and with different banks. That could even though be 3 different banks in the same jurisdiction.

 

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