We at Bloomsville Digital do register companies for our clients in the UK, US and Canada and few of them have revealed why they want to set up their companies abroad. They set up their companies abroad for the sole purpose of dollar arbitrage.

Let me explain.

They either set up a school or a health care company in the UK or US the open a corporate account in those countries. They approach our banks here to either make payment for school fees or health insurance directly to their company account in the UK or US through the CBN rate and then transfer the money to Nigeria and sell at the black market rate.

People are making serious money through this process. I hope I will get myself into trouble for revealing this. I hope CBN officials won't view this post.

What we do is help you register your company and set up your corporate bank account for you. Pls take note that Wise will charge you 45 pounds account opening fee which is not included in our registration fee.

The company registration package comes with:

- Certificate of incorporation
- Memorandum of association
- Share certificate
- UK office address
- Wise corporate account (Note, wise will charge you 45 pounds account opening fee)
- UK sim card
- Nigerian PayPal for making payment
- Business PayPal for receiving fund

Check my signature for WhatsApp/phone contact.

Have a lovely day

Besides using your company for dollar arbitrage, you can also use your company for Visa purposes.

Having a company in the UK comes with lot of Visa opportunities.

Google it for yourself.

Good morning