it does cost circa £50,000 to open a corporate bank account with many Private Banks which includes Barclays Bank in Gibraltar. Opening offshore bank accounts is becoming really difficult and offshore centres in Jersey, Guernsey and Gibraltar seem to be targeting for larger clients and don't care much about helping start up businesses.
This is why we use a reputable bank in Mauritius who are very happy to open offshore bank accounts for entrepreneurs, contractors, web designers, software retailers and other new businesses where the minimum deposit is just one euro. A Gibraltar Company together with a Mauritius bank account is a great combination where there is no tax payable in Gibraltar or Mauritius. A Gibraltar company can be bought for just £650 and could help you to generate a new world-wide business.
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