Offshore Bank Requirements

FIRST Offshore is able to assist you with the opening of an Offshore account. Offshore accounts combine several advantages, the most important one is the reduction of taxes.

Tax offices for example will tax all funds as soon as they run through a local bank account. The authorities do not mind whether the money is intended for a local or a foreign company nor whether the taxes are already paid in another country.

You can avoid all this trouble by simple opening an offshore checking account. The Offshore account also provides the highest level of service, phone banking, internet banking, cheques, ATM- and Credit cards. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.

Facilities available when opening a corporate bank account.
When establishing a corporate account you will be able to obtain the following facilities;

• Corporate debit cards.
• i banking facilities.
• Fax and telephone banking.
• Cheque book.

Expect to have to complete an application form supplying your offshore company details. This process takes longer then the incorporation it’s self but due to our relationship with several banks it has become streamlined.

In most cases a bank account can take approximately 3 days to open and 7 further days to obtain corporate debit cards and i banking information.