Tag: Business Banking
SEPA compliant banks (banks in the Single Euro Payments Area) are interesting for non-residents who travel or do business in the EU. But, not all European banks are SEPA compliant. So, before you start applying, you need to know how to find and open accounts with SEPA compliant banks. SEPA Compliant Banks SEPA compliant banks […]
If you want to open a Cyprus bank account online, you’re in luck. But, you’d better set some time aside. Account opening can be time-consuming if you don’t have the right information and don’t know which bank or banker to contact. Open a Cyprus Bank Account Online: Cyprus bank account online opening for individuals and […]
Banks in Puerto Rico are often perceived to be an “easier-to-access” option than those in the mainland USA. For many, the view is that banks in Puerto Rico offer all the benefits but require jumping through fewer hoops than their US counterparts. And, while that can sometimes be true, it’s not always the case. Overview […]
US bank accounts for non-residents are one of the most powerful tools in the world of international banking. Whether you’re looking to open a USD account, access US payment processors, buy US real estate, or acquire a US credit card, there are many benefits that non-residents can unlock with a US bank account. Can Non-Residents […]
As a foreign business owner, opening a business bank account in Canada can have some major advantages. Not only can it help you reach a larger customer base but it can also help you unlock lower foreign exchange fees and tap into some hidden (and profitable) opportunities. More on these advantages below. But first, let’s […]
As a foreigner, having a Canadian bank account can be a powerful tool. So, it’s not surprising that foreigners and non-residents are interested in opening an account in Canada. In fact, it’s a common question we get asked by entrepreneurs, especially those who own an online business. Bottomline… Can a Foreigner Open a Bank Account […]
If you have never requested a bank reference letter before, it can be difficult to know how to get one and what it needs to include. In this article, we’re going to answer these questions for you and help you avoid costly mistakes. A bank reference letter is a letter from a bank where you […]
Virtual IBAN providers offer a valuable service to businesses and individuals in need of fast, low-cost transfers and multi-currency accounts. But, not all virtual IBAN providers are created equal (or worth using). So, before choosing which virtual IBAN providers you’re going to open accounts with, make sure you review the challenges, opportunities, and common mistakes […]
RAK offshore company registration is popular with people seeking tax efficiency in a relatively stable jurisdiction. However, as we’ll explain below, this is usually a poor choice. RAK Offshore Company Registration Warning: RAK offshore company registration is increasing in popularity. Unfortunately, so are the bank account opening challenges for these entities. For this reason, it’s […]
Bearer shares were once a favorite tool of the offshore world. They offered complete anonymity and could be easily bought or sold… 100% anonymously. But, like most tricks of the offshore world, they’ve almost entirely disappeared. Between 2000 and 2019, increasing pressure from the OECD and other regulatory bodies forced offshore hubs to eliminate bearer […]