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Originally Posted by werther
I heard that Scotiabank has no online banking, is that true?
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Originally Posted by MRWOOHOO
You are correct Panamaoffshorelegal, setting up the corporation as a bearer-share corp with it's associated bank account is the easy one that my attorney has already done. Setting up a personal is obviously more involved, dont you agree? Many good legal firms can do exactly what you mentioned your firm offers.
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One caveat, you need to go through the corporation registration process before you can get a corporate bank account. This process does not apply for a personal account.
But once you have a corporation set up, assuming you used a reputable law firm, their stamp of approval and connections can make getting a corporate bank account much easier.
When someone just walks into the bank and wants a personal bank account it's up to them to prove they are good people... if they go through the corporation set up the lawyer is acting like a sponsor in a way because they must perform due diligence for all clients they do work for.