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Dear Charity,
Thank you for getting in touch with our company. Usually the clients are not required to pay for incoming payments. What we can recommend you is to get in touch with customer service of your bank and leave a claim regarding this payment, asking for a better explanations of the reasons they want to charge you that amount.
If the situation doesn't get solved after that, we recommend you to contact any local lawyer.
Regards
hello everyone. I have an issue. I made investment in turkey and got profit from them they first said that the profit is reversed it can't be send to my local bank account. Then they created a offshore bank account in turkey of mine. And semt my profit to my offshore account so that can i easily transfer my amount to my local beneficiary account. But they charged me 4 types of taxes before getting my profit. And now again they are asking me to send 950usd to get certified from istanbul chamber of commerce. Now im stucked there my profit is also there in the offshore account. Is thereanyine here to advise me. Is it scam or fraud. I have almost paid 4000 usd taxes of 4 types now again they asked me to deposit 950 usd to transfer my funds.
Dear Hamza,
In order to enjoy all the advantages of offshore bank account it should be opened in a jurisdiction different to your country of residence or the country of origin of funds.
If you decide to transfer your profit to your country of residence you have to declare it and pay tax.
We would highly recommend you to contact a local Turkish lawyer who would advise you on tax regime in Turkey and why you were obliged to pay this amount without being a resident in this country. We hope you will be able to solve this issue.
Regards
Dear Amy,
Thank you for getting in touch with our company. Regarding your question we recommend you to contact a lawyer who is specialized in banking law. All financial entities and offshore jurisdictions have their own requirements and regulations and without knowing well your situation it is hard to provide your with correct guidance.
Regards
Dear Sunil,
One of the options that you friend has is to open a personal account in another offshore jurisdiction, where she is not a fiscal resident and transfer the money there. Then, with ATM withdrawals she can use it little by little. However, depending on the nationality, her country might have an agreement of exchange of financial information with the country where she wants to open an account. Therefore, she should choose well before transferring her funds to any account.
If she decides to transfer the funds to her country of residence, then yes, she will have to pay tax on this money in order to be able to use it legally.
Regards
Dear Sunil Sinha,
It all depends on the county where your friend has decided to open a bank account with an ATM card attached to it. I can not speak for all jurisdictions, but normally, in majority of them, this certificate is not a requirement and especially such high commissions for it.
At the same time, I don't have all the information about this inheritance and offshore account that her father had. I would highly recommend you to hire a lawyer to make sure that all the procedures are completed within a legal frame and without scam.
Regards