Offshore corporate accounts – Navigating the changing landscape post-FATCA/CRS

It's been interesting to observe the evolution of offshore corporate accounts over the last decade, especially with FATCA and CRS really kicking in. The days of truly anonymous banking are, for the most part, long gone, at least for anyone operating within the regulated financial system. I've been looking into options for a new venture lately, specifically for managing intellectual property licensing revenues, and the landscape is certainly more complex.

While the rhetoric often focuses on illicit activities, the reality is that many legitimate businesses still benefit from the jurisdictional advantages that certain offshore centers offer – whether it's tax neutrality for specific income streams, asset protection, or simply operational efficiency. The key now, of course, is absolute compliance and transparency. I'm curious to hear what others' experiences have been in setting up new corporate accounts in jurisdictions like the BVI, Cayman, or even more recently, places like Dubai. Are certain banks becoming more amenable to specific business types, or is the screening process generally uniform and rigorous across the board now? Any insights on navigating the due diligence for structures with multiple beneficial owners would be particularly helpful.