Since this is a key component of any asset protection structure we must be diligent to make sure your assets are secured in a solid bank in a stable jurisdiction. The banks should have people that communicate with you in a language you can understand. There should be a good online banking platform available for your use, which allows for the launching of international wire transfers. You should be able to get some sort of a Visa or ATM card that allows you to access ATM machines worldwide.
Offshore Bank Accounts and Offshore Banking is the use of a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:
- greater privacy
- low or no taxation
- easy access to deposits (at least in terms of regulation)
- protection against local political or financial instability
While the term originates from the Channel Islands being “offshore” from the United Kingdom, and most offshore banks are located in island nations to this day, the term is used figuratively to refer to such banks regardless of location, including Swiss banks and those of other landlocked nations such as Luxembourg and Andorra.
Offshore Bank Accounts, usually Multi-Currency are available at virtually all reputable offshore banks, usually in USD, EUR, CAD, GBP and JPY as well as full online banking and debit cards.
Many years ago we established close working relationships with a number of banks across the globe, specializing in international banking services for offshore companies, foundations and trusts. These long standing relationships enable us to make the procedure of opening offshore bank accounts fast and less complicated. As a policy we do not disclose the names of the banks we work with before you become our client due to bank requirements. This helps protect both your privacy and the bank’s from from undue attention. In most cases, you can open offshore bank accounts without actually traveling to visit the bank by using courier services such as FedEx. That said you are of course welcome to visit the banks in person if you wish.
All the banks we work with meet high standards on confidentiality, have an excellent reputation, offer a wide range of financial products, and are located in countries with political and economic stability.
In regards to due diligence requirements for bank account introductions, like us, all the offshore and international banks we work with take great care to ensure they comply with internationally accepted standards, especially in the combat of money laundering and the financing of terrorist activity.