Opening a bank in the same place as offshore company?

[italkcash]

I heard rumors of this saying that opening a bank account in the same location as opening up your offshore company is more liable than opening the bank in another offshore location that the company incorporation place as well. Is that true? Or doesnt it really matter?

[titaniumhijau]

I can said its true. But not all company will do that. But its depend on their company and their condition. If they fine with that matter. I think its also fine. Their will think the advantages and disadvantages first before make decision right?

[cheer]

It depends on your business nature, company policy and business network. There is pro and con behind in this pratice. You will know which is the most suitable to you.

[buaya]

Originally Posted by italkcash

I heard rumors of this saying that opening a bank account in the same location as opening up your offshore company is more liable than opening the bank in another offshore location that the company incorporation place as well. Is that true? Or doesnt it really matter?

I think the main cocern is that offshore bank are legally not often under the financial regulation of the countries it operates in. So, accout holders are taking a risk as in any event that some goes wrong, it is much harder to seek legal redress for yourself and your money.

If you can live with that, I think can proceed with caution

[ajacx]

Labuan also have an offshore bank...because labuan is an international trade center..

[kongsiwang]

Originally Posted by ajacx

Labuan also have an offshore bank...because labuan is an international trade center..

Really??????? I thought Malaysia do not have any local offshore bank.

Can you name the bank????