How to Open a Foreign Bank Account

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A Foreign Bank Account refers to a bank account in a jurisdiction where the signer or account beneficiary is not a citizen or resident. These jurisdictions are commonly referred to as banking havens due to their strict enforcement of customer privacy. When you open a bank account in one of these favorable foreign jurisdictions, you gain significant of financial privacy. In order to maximize this, our customers usually open their new accounts in the name of private offshore companies that they own. The primary reasons for opening foreign bank accounts are privacy, asset protection and estate planning as well as international investments and business.

How to Open a Foreign Bank Account

Foreign banks have very similar requirements when opening accounts; information about you, identification and an initial deposit. Depending on your financial institution, you may be asked for copies of your U.S. Passport, references and proof of residence. We are able to open the door to the world’s strongest foreign banks and are eligible introducers to Switzerland’s largest and strongest banks.

When you form an foreign company and open the bank account in the name of the business. This ties your financial account to a private company. When you have assets in your name directly, they are much easier targets for lawsuits. Increased financial privacy comes from utilizing two foreign jurisdictions, one for your company and another for your bank account. Essentially, you are taking advantage of a foreign country’s laws. In favorable banking haven jurisdictions, it is a serious offense to provide customer information, and in another jurisdiction it is also an offense for someone to provide information about the ownership of your company. This is the fastest way to protect your wealth from prying eyes.

Foreign banks often offer better interest rates as well as managed account services. Adding privacy is one feature, another is the opportunity for favorable foreign investments. Adding a foreign bank account to your financial picture is a great way to take charge of your own wealth protection. We open bank accounts the world’s safest and strongest foreign jurisdictions.

The above is said with the understanding that the company and bank account is used only for legal purposes. Generally, US people are taxed on worldwide income. Asset protection from frivolous, vexatious litigants is acceptable in most instances. It goes without saying that tax evasion or using the above to shield funds that were gained from other than legal means is not the purpose of this article. So, when in compliance with the laws to which you are subject, utilizing the above services may provide for the fiscal privacy and protection that you may be seeking.


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