If you have some capital at your disposal, you should take care to keep it safe. In present-day conditions, depositing money with a bank in your home country is not enough to enjoy complete safety. Wealthy people use better solutions, and an offshore account is one of the most obvious ones. It will bring a lot of convenience to your life, and we will surely discuss it later on.

What is an offshore account? Well, in the most general sense, this is an account opened outside your home country (or the country where you permanently reside). It may be opened on a tropical island half the world from you or in a neighboring state. However, not every jurisdiction and not every bank is suitable for this. Visit our portal where you can contact qualified specialists who will help you choose an offshore online bank and open an account with it. We help with the choice for free, so do not miss the opportunity!

Why Do People Open Offshore Accounts?

As we have said, asset protection is one of the main reasons why our clients get in touch with us to get professional help in opening an offshore bank account in a reliable jurisdiction with a bank that will fit their needs.

A foreign account guarantees that your capital will be protected from:

• A sudden bank bankruptcy in your home country (diversification is the main thing in asset protection)
• An economic crisis that may hit the country or region where you live
• Freezing of your account, which may be followed by confiscation of assets (Greece and Cyprus are notorious examples of that)
• New taxes being imposed
• Any black swan that causes major turmoil in the world (who knows what the future keeps in store for us? It is always better to be prepared for anything)
• The consequences of your country being sanctioned, blacklisted, or greylisted, which may put international cooperation at stake
• Restrictions or exchange controls being additionally imposed in the country where you reside or carry out trade.

An offshore account is a straightforward way to mitigate all these risks and receive considerable benefits. For instance, there are jurisdictions where creditors will not lay their hands on your assets even if they have a court decision: it is simply not recognized by local courts! So you enjoy fail-proof protection from your creditors, and our specialists will be happy to recommend such jurisdictions to you if this is your top priority.

Are Offshore Accounts Legitimate?

The mass media is a powerful instrument, and it instills many myths in our heads that we later have to dispel. One of them is the inevitable connection of an offshore account with some wrongdoings.

Well, let’s look at the facts. A few decades ago, offshore accounts were really actively used to avoid taxes, launder money, finance terrorism, and perform all kinds of illegal operations. However, times have changed. The present-day offshore accounts are subject to control by international regulators, which makes them quite a transparent instrument that does not violate any laws.

In a nutshell, an offshore account is a tool. You can use a hammer to drive nails in or you can hit someone on the head with it. Does it mean that we should ban all hammers in the world? Not at all. We should limit illegal actions committed with this tool, but not destroy the tool itself.

That is, if you use your offshore account for legitimate purposes, it is a perfectly legal instrument that will serve you right.

Where to Open an Offshore Account?

The question is not easy at all as there are a lot of factors to be taken into account. Let’s look at some considerations:

• The amounts clients deposit may vary considerably, from USD 5,000 to millions. And it will mean that the bank will offer different conditions to you. Our experts look at this criterion attentively to offer the best banks that fit the amount.
• Do you need a personal or a corporate bank account? We have different banks to offer to you for each purpose.
• The economic situation in the country where the bank is located. The world is not very stable now, so we keep our fingers on the pulse to trace all the latest tendencies.
• Liquidity and reliability of the bank are important criteria as well
• Each country has different laws and reporting requirements, and they may be suitable for you or not

Book a free session where we will discuss the pros and cons of European banks, American banks, and Asian and Caribbean banks, and choose an option that will be most appropriate for your needs.

The bank size also matters. We usually recommend medium-sized institutions that have high liquidity and a safe reputation. Despite the declarations of many huge banks that they are too big to collapse, they are not in the best state, so you’d better avoid them.

Opening an Account: Procedure and Terms

Opening an offshore bank account takes time, so you’d better start today. The sooner you put your assets in a safe place, the longer you can enjoy the peace of mind in your life. We cannot open an account overnight for you as there are some regulations to comply with.

There are two stages: first, you need to collect all the documents (and have them legalized and translated if you need), and second – the bank will consider them.

Our experts will support you at each stage and detect any possible errors in your package of documents. We will also help you with apostilling or notarization if you want. The documents should be impeccable if you want to be approved.

Then the bank starts considering your documents. It may take from 1 to 10 days, depending on the circumstances. If you deposit millions, the check may take even longer, but you will be offered really favorable conditions in the end.

Do you feel that your assets are unsafe? Then it’s time to act. We offer hassle-free turnkey services to support you in opening an offshore bank account (in most cases, it can be done online). Do not hesitate to get in touch with us (using the above link) if you have any questions.

Start investing in your safety today!