I Need To Open An Offshore Account

by yommys01

Posted: 14 years ago 18 replies

INTERNET MARKETING

Hi warriors,
I desperately need to open an offshore account in any part of the world - provided the country is on paypal and clickbank's list.

My business is getting to a stage where it is now inevitable for me to have an offshore account but can't seem to find any one who will accept me ( due to the Nigeria factor ).

Any suggestions?

#account #offshore #open

JD Nunes 14 years ago

Well, you always hear about those Swiss bank accounts and how your money is better protected there. I'm not sure how regulations for you would factor in though.
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spearce000 14 years ago

You might also try this place. I've no experience of them, but the advertise a lot here in the UK.

Offshore Companies | Offshore Company Formation | Offshore Banking | Private Banking | Offshore Asset Protection
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Poglia 14 years ago

I remember seeing an offshore copany a long time ago, but I can't find it right now. I'll let you know when I find it.
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trevor75 14 years ago

If I'm not mistaken ING is a European bank, headquarters in Holland. I'm sure they're linked with PayPal too. Might want to check them out, plus they have the highest interest rate for savings accounts I've ever seen, something like 3% Check them out.
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rlharding 14 years ago

Yommy, are there any countries that do massive trade with Nigeria, or are partnered with Nigeria somehow? Is there a specific country that attracts Nigerian immigrants? I don't know the answer to your dilemma but I think if you can find a country that already does significant financial business with Nigeria, or provides services to Nigerian ex-pats it might be a place to start.

Failing that, you may have to go 'on vacation' to a place where you can open a bank account while you are there. For example, a lot of Canadians have US bank accounts because they vacation there so much. Most places will require you to have a local address but there are probably ways to do it.

Good luck.

Ruth
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rlharding 14 years ago

Yommy,
this search came up with something that may interest you. I personally would not trust it so practice due diligence.

GET YOUR ONLINE/VIRTUAL OFFSHORE BANK ACCOUNT(U.S n UK) HERE. NIGERIAN FORUM, FORUMS, SOCIAL NETWORK, NIGERIA JOB FORUM, BLOG, WEBSITE, SITE, NOLLYWOOD, ONLINE MESSAGE BOARD
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R Hagel 14 years ago

Originally Posted by yommys01

Hi warriors,
I desperately need to open an offshore account in any part of the world - provided the country is on paypal and clickbank's list.

I think about 8 years ago I had to go through a verification procedure at PayPal. They froze my money and wouldn't unlock it until I showed several documents that proved my address and so on. I can't remember the details, but they ask for things like driver's license, maybe utility bills that prove your residence, etc.

Point is, just opening an offshore acct isn't going to make it alright for you to use PayPal's services. It says in their TOS that you can't live in the restricted countries. And if anything, someone living in Nigeria who attempts to circumvent those policies/TOS is going to have an extremely hard time getting your money back if (when) they freeze your account and ask you to do the verification stuff.

cheers,
Becky

ETA: I'm sure you're aware of all this and/or you've read PP's TOS. But this is important stuff, so I figured it was worth mentioning (esp to anyone else who might be considering doing the same thing).
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Ruka 14 years ago

I would also advise caution. Also to bear in mind that even if you funnel money into an offshore account, you are still liable to pay tax according to the laws of your country, and that Paypal shares this financial information with regulatory bodies
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Bev Clement 14 years ago

How do you accept payments for your web flipping business?

PayPal will still need to see some form of identification to prove you are who you say and live where you say you live. A bank statement is one, but they also require a utility bill from the address you live with.

Having more than 1 paypal account breaks their TOS.
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- Alexa Smith Banned 14 years ago
  
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  TheRichJerksNet 14 years ago
  
  Originally Posted by Alexa Smith
  
  I think you're allowed one personal account and one business account?
  
  Yes you are .. As long as you "REALLY" live where you claim you do.. If someone gets caught for doing something illegal, such as saying they live in one place that they don't. Then everybody's account will be effected. All payments sent to and from will have accounts and funds frozen.
  
  My personal opinion, stop trying to game the system .. If you can not use paypal then use other methods of payments or move to a country they do accept...
  
  James
  
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laurenceh 14 years ago

Yommy, I know you will do your due diligence, but please don't rush into anything. Make sure you check ALL t.o.s before you do anything.

Paypal will make you jump through hoops of fire if you do something they don't like.
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GSX Enterprises 14 years ago

European countries rarely accept Americans anymore, no more "Swiss Bank Accounts." I'd recommend picking up the book "Emergency" By Neil Strauss. Look in the Caymans as your best bet.

-Safe Travels
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steve m 14 years ago

This is something I would expect to read at BHW to be honest with you. As Bev said how do you get paid for your flips at flippa?
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- TheRichJerksNet 14 years ago
  
  Originally Posted by steve m
  
  This is something I would expect to read at BHW to be honest with you. As Bev said how do you get paid for your flips at flippa?
  
  Honestly I can not believe this thread has even made it this long... I was under the impression we was not allowed to post anything that is illegal. Fact is creating a fake address out of a country where you do not live to use paypal is illegal and while I am not a lawyer I am sure paypal could cause a great deal of trouble for innocent people that did business with someone that is breaking the law..
  
  James
  
  Thanks
  
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menu item 14 years ago

Oh! Comon! Dude!
Follow the leaders, were does the congress men and woman hide the bucks?
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DogScout 14 years ago

Originally Posted by Nathan Segal

try first caribbean

Caymans, St Kitts and Nivea is up and coming.
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I Need To Open An Offshore Account

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