[italkcash]

The benefit of having an offshore company with a bank tied to it is of course the obvious tax evasion. Other than that another great thing about having an offshore company with bank account is that the company can order Credit Cards, ranging from Visa (Regular, Silver, Gold etc), MasterCard (Regular, Silver, Gold etc), Amex (Green, Gold, Platinum) and maybe some banks offer Diners Club Card.

In all banks there is a requirement from the bank to the client to be a customer for a certain amount of time to build trust. In that time it is also required that the client use the bank account and builds wealth in the bank.

After a certain time the client will be able to apply for a credit card and most certain since its an offshore bank, the client would have to put down an amount to be reserved for the bank to issue a credit card. The bank will also typically require that for each credit card issued there will be a reserved amount.

The obvious benefit is of course that the client has the option to get "unlimited" amount of credit cards, in "unlimited" amount of names for its clients, co-workers or partners. The downside is typically the huge amount of cash that has to be reserved, sometimes up to 80.000€ in certain banks in Switzerland or Liechtenstein. The good thing is that basically anyone with a lot of personal dept in their own country will always be able to obtain a credit card (that is of course if they can meet the deposit criteria).

Does anyone have any experience with deposit amount for offshore companies and bank accounts tied to them? How low a deposit amount have you had to deposit in order to get a credit card?