I need to get an offshore company linked to a TransferWise account. I would prefer for capital gains to accumulate tax free. I currently have access to an associated Hong Kong company which would allow the capital gains to accumulate, but TransferWise does not play well with a HK company in sending/receiving USD. (See https://transferwise.com/help/17/borderless-account/2810318/why-cant-i-get-usd-account-details) With TransferWise, I save a lot in fees… but more importantly I save the time my money would otherwise be tied up. I am willing to jump through a lot of hoops just to have the speed and savings of TransferWise.
On the same link above, there is a list of the jurisdictions where TransferWise does perform as expected… I did a limited cross reference and picked an Anguilla IBC. So in theory, TransferWise will do fine with a Anguilla IBC. And the Anguilla IBC seems to be perfect at to ease of running and no taxes.
The rub comes in trying to setup a TransferWise Business account which requires the first funding (only 20 GBP) to come from a bank with the same account name. (ie XYZ company create a TransferWise account and first funding must come from a bank account that belongs to XYZ company.)
So now I have to setup a business bank account to pay 20GBP. I would like to setup a low cost bank account online… and I think I could even drop this bank once the TransferWise account is created.
Does anyone have a line on a bank that will allow online business bank account creation for an associated Anguilla company or any company in a tax haven country that is also on this list of countries https://transferwise.com/help/17/borderless-account/2810318/why-cant-i-get-usd-account-details ?