Offshore Bank Account For Delaware LLC Owned By A Sanctioned Country Citizen

arbet27 Jun 2020

replies: 1
views: 127

arbetNew MemberAuthor

Joined: May 2020
Messages: 2

27 Jun 2020#1

Just joined gold membership, and I absolutely love the database section! Before I contact any provider though, I'm looking for some answers on my situation:

I am a Lebanese citizen, living in Lebanon, and single owner a Delaware LLC since 2009. I want to open a bank account for my LLC that would give me a real debit card, not a prepaid card like Payoneer or Advcash. As you know, Lebanon is a US-sanctioned country, so it's a bit tricky for me.

Can you recommend some banks I could look at? I really don't care about anonymity, but I do care of having a long term partnership with a trusted bank.

JohnLockeOffshoreCorpTalk owner

Joined: Dec 2008
Messages: 15,888

28 Jun 2020#2

It is going to be almost impossible for you to open a bank account for your Delaware company. Most if not all of the banks available will refuse to open an account for your company because :

a) the company is considered to be without substance / shelf company
b) you are from a US saction country, so most banks will refrain from any account opening.

Your best chance will be a EMI account as you already mentioned for instant AdvCash or even Transferwise.

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Offshore Bank Account For Delaware LLC Owned By A Sanctioned Country Citizen

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