{"id":38,"date":"2014-06-06T10:21:04","date_gmt":"2014-06-06T10:21:04","guid":{"rendered":"http:\/\/fcba-offshore.com\/?page_id=38"},"modified":"2017-01-06T12:43:31","modified_gmt":"2017-01-06T12:43:31","slug":"offshore-case-studies","status":"publish","type":"page","link":"https:\/\/fcba-offshore.com\/en\/offshore-case-studies\/","title":{"rendered":"Case studies"},"content":{"rendered":"
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Corporate bank account abroad<\/h3>
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Rebecca lives and works in Thailand as a tourism operator for already 10 years. Born and raised in England, Rebecca decided after her divorce to settle her life in a different country and to start her own business. A lot of tourists from Europe but also from the United States of America and from Australia are asking Rebecca\u2019s team to take care of their holidays in Thailand: fly tickets, hotel, excursions\u2026 To develop her business, Rebecca had to register a company in Thailand but she was facing a problem when it was about receiving wire transfers from abroad and also not so confident about the political and economical situation in Thailand. So we proposed to Rebecca to open for her company a corporate bank account within out Latvian based partner who also able her to get a e-merchant account in order to get paid through her website.<\/p>\n

The three main benefits for Rebecca are:<\/p>\n

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  • she eased her relationship with foreign customers who could now either pay by wire trasnfer within the Euro Zone or by credit\/debit card directly online<\/li>\n
  • she made huge saving about banking fees for both incoming transfers from abroad and currency exchanges (Forex)<\/li>\n
  • she secured her savings and put them away from any control from the local authorities<\/li>\n<\/ul>\n

    The cost of such an offshore\u00a0bank account opening for Rebecca was \u20ac 700 and she didn’t need neither to move or to care about any paperwork.<\/div>\n

    International consultant<\/h3>
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    David works as an engineer specialized in the nuclear energy. In order to carry on his business, David, Belgian guy, living in Belgium, had created a Belgian company and asked an accounting agency\u00a0to deal with the business administration of his company. But due to his international profile (David is very often working in different countries for different companies) we recommended to him to incorporate a new offshore company in Latvia. There the corporate tax\u00a0is the European’s lowest (between 9% and 15 %) and also, we helped him by doing on his behalf all\u00a0the requested paperworks. Also now, our legal and financial teams together with our local partners are providing to David all the necessary support he needs in order to fulfill all necessary requirements requested by the Latvian authorities (accounting, tax declaration…). Finally, we opened\u00a0for him a multicurrency corporate offshore bank account allowing incoming and outgoing money transfers in EURO, USD, and GBP.<\/p>\n

    The benefits are numerous\u00a0for David:<\/p>\n

      \n
    • he is making huge corporate tax saving in compare to what he was paying in Belgium<\/li>\n
    • he doesn’t need anymore to be involved in any administrative tasks<\/li>\n
    • thanks to his multicurrency corporate offshore bank account he doesn’t pay any more any bank fees as he used to pay<\/li>\n<\/ul>\n

      The cost of such company incorporation is \u20ac 2’000. The\u00a0cost of\u00a0David’s\u00a0corporate offshore bank account opening is \u20ac 800.\u00a0The monthly administrative fee (including accounting) is \u20ac 300. But after only 3 months, David recommended a friend of him (Nicolas, IT consultant) to contact us and as we have been able to\u00a0offer him our services then we\u00a0rewarded\u00a0David by giving him a\u00a03 months free of charge business administration support.\u00a0At FCBA Offshore Ltd, we encourage and reward our clients to talk about us! <\/div>\n

      Multicurrency bank account<\/h3>
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      Tatiana is Russian, and she decided to\u00a0move\u00a0to Cyprus and to enjoy a peaceful life there. She still owns\u00a0a profitable company in Moscow from which she is getting some money.\u00a0Tatiana has 2 children and she\u00a0wants to support them. Both are students, one in London and the other one in New York. So, Tatiana’s main income is in Russian\u00a0Rubles (RUB),\u00a0her expenses are\u00a0in Euro (currency in Cyprus) and she is sending money to her children in GBP and in USD. The best option for her was to open an\u00a0offshore\u00a0bank account in Malta with 4 currencies:\u00a0Rubles (RUB) Euro (EUR) Pound Sterling (GBP) and United States Dollars (USD).<\/p>\n

      The benefits for Tatiana are:<\/p>\n

        \n
      • huge savings on banking fees, especially for all currency exchange fees<\/li>\n
      • very fast transactions and bank transfers<\/li>\n
      • easy management as everything is now in one bank and Tatiana can manage herself everything from her laptop<\/li>\n<\/ul>\n

        The cost of such an offshore\u00a0bank account opening for\u00a0Tatiana was \u20ac 600 and she didn’t need neither to care about any paperwork nor to move out from Cyprus.<\/p>\n<\/div>\n

        Anonymous Credit\/Debit Card<\/h3>
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        Alexander for personal reasons expressed the wish to have a 100% anonymous dedit card\u00a0which can\u00a0provide him\u00a0with ordinary services like: online payments, cash withdrawals and\u00a0 standard payments in shops. Of course this kind of product is very interesting but very difficult to find and the few banks\u00a0offering such a\u00a0product are not willing to offer it to someone they do not know. But of course, thanks to our partnerships we have been able to provide Alexander with this anonymous card.\u00a0His name does not even appear on the credit card and it’s completely impossible for the tax authorities of\u00a0his country of residence to trace any transaction.<\/p>\n

        There are several benefits for Alexander:<\/p>\n

          \n
        • anonymity of all bank transactions<\/li>\n
        • almost unlimited payment (no daily, weekly or monthly limit)<\/li>\n
        • bank account opened within a secured jurisdiction offering banking secrecy<\/li>\n
        • access to all standard services and products offered by any ordinary banks<\/li>\n<\/ul>\n

          The full cost paid by Alexander was \u20ac 800 and we took care of all administrative issues\u00a0with\u00a0a total discretion. <\/div>\n

          Banking secrecy (heir\/inheritor)<\/h3>
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          John and his wife Victoria are English and both of them are retired.\u00a0They have no child and they have decided to transfer their wealth to their nephew who, for family reasons, was partly raised by John and Victoria after the death of his parents.\u00a0But John and Victoria have other nieces and nephews, and\u00a0they\u00a0want\u00a0to avoid transferring a part of their assets to the rest of the family. Therefore\u00a0we\u00a0recommended to them\u00a0to open an offshore bank account in the name of their nephew within an ultra-protected jurisdiction\u00a0part of\u00a0the Caribbean.<\/p>\n

          The benefits for John and Victoria are:<\/p>\n

            \n
          • banking secrecy guaranteeing assets safety<\/li>\n
          • their\u00a0wealth transfer is secured<\/li>\n
          • opportunity for them to grow their savings with high performance and efficient saving products<\/li>\n<\/ul>\n

            The cost for John and Victoria was \u20ac 600 and they didn’t need neither to move anywhere nor to deal with any paperwork. <\/div>\n

            Self-employed person<\/h3>
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            Frank is Australian who has worked for years in the USA in a large insurance firm located in New York. Following a romantic encounter, he decided to immigrate to Europe and to resign from his job. However, Frank wanted to take advantage of\u00a0his\u00a0experience accumulated during his long stay in America and to do so he decided to\u00a0work\u00a0on his own as an insurance broker. For tax reasons, Frank opened himself an offshore\u00a0company in Delaware, and a second one\u00a0in Ireland to sustain him with his European activities. Then having problems opening an offshore\u00a0bank account for the Delaware company he contacted us. We\u00a0discussed his case together with him and we fully reviewed all options\u00a0fitting with both his personal and professional situations and\u00a0we advised him to\u00a0create a new offshore company in Seychelles and to close the one in Delaware. Frank was quickly convinced by our proposal and although disappointed to have spent time and money in the incorporation for his offshore company in Delaware, he\u00a0accepted our proposal. Of course, we were able to provide him with a multicurrency corporate offshore bank account for his Dalaware company, but it was more advantageous for him to\u00a0incorporate an offshore\u00a0company in Seychelles. Then we also opened a multicurrecny offshore corporate bank account linked to his new incorporated Seychelles offshore\u00a0company.<\/p>\n

            The benefits for Frank are:<\/p>\n