Mistake #1: Using a nominee director without understanding the implications. While legal in some countries, this can raise red flags during KYC reviews.
Mistake #2: Choosing a bank solely based on fees. Low-cost offshore banks often lack digital infrastructure, strong customer support, or global correspondent relationships.
Mistake #3: Poor documentation. Vague descriptions of your business or inconsistent paperwork can lead to delays or outright rejections.
The most successful offshore banking clients are those who treat the process with the same professionalism they would apply to onshore banking — with clarity, planning, and full compliance.
