We all know that offshore bank accounts have the advantages of free allocation of funds and no foreign exchange controls. Therefore, they are favored by cross-border investors and offshore company . Offshore bank account opening is also essential for overseas investment. Once offshore account is shut down or frozen, it will have a great impact on cross-border business. So, how to maintain the stability of your account?
Why are the offshore accounts easily shut down?
The reason why the offshore account is closed or frozen is nothing more than these points: 1. The account has no deposits or transactions for a long time; 2. The account has abnormal transactions, such as transactions with high-risk countries, and funds in the account often come in and out quickly; 3. If you do not pay attention to bank letters or information, the bank will review or randomly check the offshore account. If you cannot receive the bank's letters about risk reminders in time, and fail to reply in time and cooperate actively, it will also lead to the account being closed or cancelled; 4. There is a situation of account transfer.
If you want to maintain the stability of your offshore account, the account owner must avoid it from the above points, achieve normal transactions, and maintain account activity; achieve compliance and legal transactions; promptly receive regulatory dynamics and risk warning information of the account opening bank, and promptly respond to risk reminders.
In addition to the above points, choosing the right account opening bank is also conducive to maintaining the stability of the account. There are many banks that can provide offshore account opening services. Many traditional domestic banks and domestic branches of overseas banks, as well as offshore banks, and most of them can provide offshore account opening services. In addition, there are emerging offshore banks represented by Asian banks. Among these account opening banks, emerging offshore banks represented by Asian banks are more beneficial to help accounts maintain account stability.
Asian Bank is located in BVI (BVI). It is a physical bank licensed by the British Virgin Islands (BVI) Financial Services Committee (FSC) and regulated by it. It is also an offshore bank that can provide one-stop professional services to customers through digital channels. Its business processing is more convenient and fast.
On the premise of strict compliance review, Asian banks have a high tolerance for account openings or the ultimate substantial beneficiaries of account opening companies and are willing to provide services to companies and individuals from all over the world; there are fewer restrictions on account opening companies, and the funding threshold is relatively low, and there are no hidden conditions, so they will not forcefully close bank accounts at will; and provide customers with efficient, reliable and thoughtful professional services.
Maintaining the stability of the offshore account can ensure the normal and orderly operation of business, and can also ensure the interests of individuals or companies. Therefore, offshore account owners must conduct legal and compliant transactions, and also choose the appropriate account opening bank to reduce the possibility of offshore accounts being frozen or closed.
