!! # OFFSHORE SERVICES Company Formations, all offshore services banking

	General Information
	Northern European Multi Currency Accounts
	Bancomat - Visa - MasterCard
	Types of Swiss Accounts
	Merchant Accounts
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	Accounts
	Debit Cards
	Credit Cards
	Sparcard
	E-Commerce Card
	Card Based Numbers
	Numbered Corporate Accounts
	Master Card or Visa Credit Card
	Banking in Luxumbourg and Swit
	Banking Supervision
	Banking Secrecy and tax legislation
	Stable Banking environment
	Account options

	Personal Current Account
	Accounts Types (Private Banking)
	Standard Personal Account with Internet Access

Many clients will already be aware that setting up an offshore account, especially for a corporation, is often a major headache requiring numerous forms to be completed as well as various pieces of ID such as a passport, driver's licence and frequently a utility bill and referencefrom an existing banker.

The Identity requirements are a problem for any client who wishes to maintain maximum confidentiality. Another worrying trend is the increasing requirement in some countries that all transactions over a certain limit are reported. We have managed to circumvent these difficulties;
An account which is completely online and can be set up within 2 weeks. Absolutely no references are required.

The set up fee is £295 or $415, for an additional £90 or $125 we can also arrange an ATM card to be linked to the account.

The Bank also provides the following facilities and services.

Accounts:

	Current and savings accounts
	Cash and payment transactions
	Money transfers
	Demand and term deposits
	Multi - currency current accounts in OECD currencies
	CIS currency current accounts for OECD multi - currency current account holders
	Deposit Accounts - in major currencies, and fixed term deposits on savings accounts in all major foreign currencies
	Numbered accounts - where the account holder is replaced in all documents with a code name
Services
	Currency exchange services and transactions
	Travellers' cheques and payment documents
	Debit Cards and Classic Cards
	ATM and POS services
	Safe custody
	Electronic Banking System "Client - Bank"
	Telephone information system

The following accounts are available. All are ideally suited to clients, both corporate and private, who want to maintain their transactions confidential and probably even more important wish to protect their assets. Transferring funds to an account is very straightforward, you can either use Swift to transfer directly to the Bank or cheques and money orders can be sent by either a courier such as FedEx or by registered mail direct to the Bank. The bank offers a variety of credit and debit cards and these can be arranged regardless of your credit history in your home country. One of the features of the bank is the wide range of specially designed payment card services, which include Europay, VISA International and American Express card products. For corporate clients the bank offers the MasterCard Silver and Gold cards or Visa Business cards. The Cards provide a simple easy route to access funds and the charges are very reasonable.

The bank also offers 24 hour access using secure banking software loaded onto your PC, this enables you to carry out all functions required and to communicate with the bank regardless of time of day or the time zone in which you operate.

Debit Cards.

Debit cards are by far the most popular types of payment card with Maestro and VISA debit constituting over 80% of all cards issued by the Bank. With benefits ranging from ease of payment at local shops, to organising salary payments for large enterprises, corporations and individuals. We are finding that all types of clients are increasingly turning to debit cards.
The most popular uses of the debit card is the payment of salaries to offshore employees.
Cards provide numerous advantages;
No more need for cash payments.
Reduction in costs for transportation and holding cash.
Ease in accounting.
Convenient access for employees through a huge worldwide network of ATM machines.
Preset and agreed Credit limits.

Credit Cards.

Cardholders have the flexibility to make purchases without having to make any advance deposits on the cards.

Using the customer's income level and financial stability as collateral, each cardholder is assigned a credit limit. Classic EC/MC credit card customers have the opportunity to utilise non-interest bearing loans for a period of up to 45 days after the cardholder purchases goods or services. At the end of the month the customer receives a bill payable by the 15th day of the following month.

Sparcard.

One of the most popular cards is the numbered SparCard that provides an easy and protected method of making cash withdrawals from ATMs. The client's name does not appear on the card and the money must be accessed only with a PIN code. The card may not be used in shops, but clients can have access to more than 500,000 ATMs world-wide to make quick and easy withdrawals.

E-Commerce Cards.

The exponential rise in the number of Internet users world-wide and in the local market, has led the Banks to develop and issue virtual international payment cards designed especially for customers who shop via the Internet. The cards are designed for higher security and ease of use of the Internet and are especially popular among those clients that work heavily with e-commerce. Only a limited number of virtual cards are issued ensuring additional safety for the customer. According to information systems specialist's owners of virtual cards are significantly better protected than owners of cards issued by world payment systems.

Card Based Accounts.

Anonymous ATM Account
One of the most popular accounts is the ATM account. This is a simple and very secure offshore account with no minimum deposit and no credit checks or references required. Funds can be transferred into your account from anywhere in the world. and many European countries can provide local deposit facilities via a network of agents.

To set up the account we need details of where the card is to be delivered and your personal contact information other than that no passports, no ID, no references.

The opening fee for the ATM account is £395 or $555.

Numbered Corporate Accounts.

This card carries only the Corporate name, this provides several important benefits:

The primary benefit of a corporate card is that it is registered to the corporate account and not to you! This means credit and debit information is stored securely offshore at the issuing bank and cannot be connected to the individual or company using the card. Another significant benefit is that these cards offer a low cost means of operating a tax free business, but without the set up expense and complication of forming a complete offshore structure from scratch.

The minimum set up deposit is £1000 or $1400, beyond this amount it is up to you how much or how little you apply to the account.
The set up fee to arrange the account is £395 or $550

MASTERCARD OR VISA CREDIT CARD.

A straightforward credit card account, ideal for ex pats or anyone who needs to access offshore funds. The card has a pre-set spending limit and is available in a variety of formats e.g. Classic, Gold, Platinum. The card is issued a European Bank. No credit status check is carried out and the banks are very experienced in handling overseas clients.
Classic Card - Minimum Security Deposit USD$1000 - USD$750 Credit Limit.
Silver Card - Minimum Security Deposit USD$5000 - USD$3.500 Credit Limit.
Gold Card - Minimum Security Deposit USD$8.500 - USD$6.000 Credit Limit.
The set up fee to arrange the account is £395 or $550.

Deposits can be made in the following ways:
You can Telegraphic Transfer from an existing account using SWIFT. Transfers by this route are not really confidential and in some countries you may have to contend with reporting limit on overseas transfers. The reporting limits vary but the US is currently $10.000, so it may be better to send several small transfers over a period of time than one large one.

The account can also be funded using cheques, travellers cheques or Money Orders which are couriered or sent registered mail to the bank. Always keep in mind any ID requirements or reporting of transaction when buying the money order or travellers cheques.

Another possibility is to use Thomas Cook Money Gram, Western Union Quick Pay or American Express, don't forget reporting requirements though!

Note. The bank does not require an initial opening deposit prior to activating the account.

Requirements. Once we receive payment of our fee we will arrange for you to receive the Bank's Application Forms that should be signed, certified and returned to the Bank along with a bank draft or cashier check for the security deposit.

Banking in Luxembourg and Switzerland.

We can recommend a bank which has branches in both Luxembourg and Switzerland making it possible to have the best of both worlds, an EU account in the European Unions premier banking centre combined with an account in Switzerland. The opening procedures are quite straightforward as soon as the bank receives the documents duly signed you will be allocated an account number, which is required before paying funds into your account.

These countries have an impeccable reputation as world-leading banking centres within Private Banking. This has come about due to a combination of favourable legislation, stability and longstanding expertise.

Banking Supervision.

Banks in both countries operate under very strict banking supervision. The aim is to ensure that only sound banks are allowed to establish themselves and operate here, and that all business transactions are handled properly.

Banking secrecy and tax legislation.

Very strict banking secrecy, combined with favourable tax legislation covering certain investment vehicles, has had a very positive impact on the Private Banking and Investment Fund business conducted in these banking centres.

Stable banking environment.

The stable political situation and neutrality of Luxembourg and Switzerland have contributed to their popularity among private investors.

Expertise.

In Luxembourg and Switzerland there is a huge concentration of banks. More than 600 banks have branches in these two countries. As these banks primarily concentrate on Private Banking, they have achieved a very high degree of specialisation and expertise in all aspects of financial counselling of private investors.

ACCOUNT OPTIONS

Personal Current Account.

A personal account in Luxembourg provides all of the latest facilities, secure online banking and a wide selection of cards linked to the account, we have summarised the various facilities below. If you have regular amounts of money coming in and out, either in Euros or in other currencies, then a current account in the relevant currency is the easiest way of handling such movements. The bank also handles international standing orders, on your authorisation; regular transfers for a fixed amount, payable on a predetermined date to the same beneficiary are executed rapidly and efficiently. In our experience the service is first rate probably because the bank is located in a small country meaning the volume of these transactions is likely to be high and hence significant amounts are spent ensuring the departments dealing with this aspect of the banks operations run smoothly.

Accounts Types (Private Banking).

You can choose between a named and a numbered account. Numbered accounts provide you with higher levels of discretion and ensure that only a limited number of the banks own staff will be aware of your identity.
The bank offers accounts in all hard currencies and EURO, USD, GBP and CAD all accounts are interest bearing.

The minimum deposit required to open an account with the bank is EUR 50,000 (GBP29,000) or the equivalent in other currencies. Payments can be made in cash, by bank transfer or in securities.
A quick, concise list of the advantages offered:

· Quick and easy account opening.
· Gold Visa or MasterCard.
· Safekeeping of securities sent by post on the Bank's own premises.
· No entry charges or account management fees.
· No postal charges.
· Free profit statement.
· Interest on selected currencies.
· Free secondary foreign currency accounts.
· Cost-effective foreign cash withdrawals directly from the appropriate foreign currency accounts.
· Automatic transfer of foreign currency interest into Euros upon request.
The set up fee to arrange the account is £495 or $550

Standard Personal Account with Internet Access.

Facilities are Debit Card, regular statements, Standing Order and Direct Debit facilities and cash and cheque clearing.
This it the ideal account for people who want to monitor their account entirely from the internet, using one of the best internet banking system in the world.
Opening deposit £2000 or $2800
The account provides a payment card and all of the usual banking benefits.