Been sitting on this write-up for a minute but figured I’d save someone else a wire reversal and 6 weeks of ghost support. Ran a nominee bank account op w/ these guys (https://www.businesssetup.com) through their RAKICC channel — full nominee director, offshore shell, and what they pitched as “Executive+” with bank account assist. TL;DR — the site screams streamlined and pro but under the hood it’s just invoice-padding and delay games. Unless you’re just parking paper with no real flows, this setup’s not fit for UBO-sensitive plays.
Their pricing sheet looks legit — Seychelles $790, RAK $1,950, etc., and they talk big game about opening up to five accounts with nominee shielding. What you get? A bunch of half-finished docs, constant upsells, and every stage held hostage till you pay the next round of “certification” or “notarization” costs they never disclosed upfront. Example: after paying full, they hit me for an extra $490 to “urgently” notarize a certificate of good standing, which had already been generated once. Whole setup dragged 2 months, then they asked for more to “expedite” the banking connect that never got past onboarding. That’s not nominee shielding, that’s PayPal with palm trees.
Worse part? The second you ask why your nominee doc pack doesn’t match what’s required by the bank they supposedly had “relationships” with, you’re hit with the classic ghost play. First it’s “We’ve escalated,” then it’s “You must’ve sent wrong files” (I didn’t), then it’s “We’re reviewing internally.” I cross-referenced their nominee’s director filings in the RAKICC registry — the guy they gave me was already burned on a compliance thread from a UAE corporate risk alert doc. That’s here by the way: MOFA UAE blacklist ref. He shouldn’t be touching client flows, period.
Final note? The visa cancellation extortion thing in their review history isn’t a joke . I heard similar from someone on my channel who got threatened when asking for a refund. So unless your idea of offshore structuring involves paying protection fees and guessing which nominee isn’t already on an OECD radar — skip this one.
“Executive+” My A*s
Their pricing sheet looks legit — Seychelles $790, RAK $1,950, etc., and they talk big game about opening up to five accounts with nominee shielding. What you get? A bunch of half-finished docs, constant upsells, and every stage held hostage till you pay the next round of “certification” or “notarization” costs they never disclosed upfront. Example: after paying full, they hit me for an extra $490 to “urgently” notarize a certificate of good standing, which had already been generated once. Whole setup dragged 2 months, then they asked for more to “expedite” the banking connect that never got past onboarding. That’s not nominee shielding, that’s PayPal with palm trees.
Support Gaslights + Loops
Worse part? The second you ask why your nominee doc pack doesn’t match what’s required by the bank they supposedly had “relationships” with, you’re hit with the classic ghost play. First it’s “We’ve escalated,” then it’s “You must’ve sent wrong files” (I didn’t), then it’s “We’re reviewing internally.” I cross-referenced their nominee’s director filings in the RAKICC registry — the guy they gave me was already burned on a compliance thread from a UAE corporate risk alert doc. That’s here by the way: MOFA UAE blacklist ref. He shouldn’t be touching client flows, period.
Final note? The visa cancellation extortion thing in their review history isn’t a joke . I heard similar from someone on my channel who got threatened when asking for a refund. So unless your idea of offshore structuring involves paying protection fees and guessing which nominee isn’t already on an OECD radar — skip this one.
