Offshore Bank Accounts
Do I have to visit the bank for opening the bank account for my new offshore company?
Yes, some banks do have such requirement. However, in most cases, the account opening procedure can still be completed by sending the documents over the mail. Note, however, that a personal appearance of the beneficial owner in the offshore bank greatly increases the chances for a successful bank account opening! This is because banks are bound by strict Know Your Client rules, too, and a personal appearance of a new client ticks off a very important box in their book of regulations.