Offshore Bank Accounts
Do I have to visit the bank for opening the bank account for my new offshore company?
Yes, some banks require this. However, in most cases, the account opening can still be completed by sending the documents over the mail. Note, however, that a personal appearance of the beneficial owner in the bank substantially increases the chances for a successful offshore bank account opening! This is because the bank's Know Your Client rules place great value on personal meeting with the potential customer, as opposed to only having the file of documents.