Complaint

0
Disgruntled
Country: Thailand
I contacted SFM and explained I needed a offshore company with a bank account, I preferred Delaware or Singapore, I was told Delaware was not available Singapore was about US$4000 for the start up + $US2000 per year just for a nominee director, bank account needed minimum deposit $US20000, I was advised Seychelles was a good option with a bank account in Cyprus, so I went for that option and paid the fee, almost 3 weeks later the company is registered, but it cannot trade with China, Also 3 weeks after incorporation I tried many times to contact the assigned corporate services officer by e-mail finally had to call Dubai 3 times to get hold of her, she sais it was taking 2-3 months to get a bank account set up in Cyprus, but I could a full international service account in St Vincent I one week, a month later the account was opened ready for the first transfer, but it had to go through some back street bank in Slovakia with a different recipient name to the bank account name. No reputable multinational company would be stupid enough to do that and the corporate governance would not allow transfers to a third party. I called SFM and explained the bank account was useless, they offered to try o open an account with HSBC in Hong Kong, I called HSBC, no way would they open a bank account for a Seychelles registered company. 5 days after SFM saying they would contact HSBC and 2 phone calls + 6 e-mails from me, they got back to me asking for more money and no guarantee of a bank account. Yes this company are scammers. I paid them their original fee and got nothing but useless paper in return.

Comments

  • 0
    Mauricio
    I understand you fully
    They really scammed me!!
    They blamed me of providing them fake documents in order to keep my money and not move ahead with the company registration.
    I would avoid making business with them

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