Russians offered to open offshore accounts amid sanctions

Residents of Russia began to receive offers to open bank accounts in offshore companies in connection with the sanctions imposed against the country.

Russians are also invited to register a business in foreign zones to conduct business, according to Izvestia newspaper.

Relevant proposals were received by companies on more than 10 resources.

Organizations that have opened foreign or offshore accounts are pledged to simplify the foreign trade.

Firms are also offered to help reduce tax costs, provide an opportunity to hide their assets and many other things.

The cost of remote account opening starts from 550 euros, and the registration of a legal entity starts from 990 euros.

Among the available countries for going offshore are Nevis, Seychelles, as well as the free economic zones of the UAE and Turkey.