Offshore Bank Accounts
Do I have to visit the bank for opening the bank account for my new offshore company?
Some banks require this. Some don`t. In most cases, the offshore account can be opened by sending the application documents by mail, or submitting them via Registered Agent. Note, however, that a personal appearance of the beneficial owner in the bank considerably increases the chances for a successful offshore bank account opening! This is because the bank`s Know Your Customer rules place great emphasis and value on a personal meeting with the customer, as opposed to only having the file of documents. So, whenever You have a chance to personally meet Your offshore banker, do so - it`s worth it.