How to open accounts with offshore banks? How do foreign banks work? Which banks are the best in a particular country? Look for answers to these questions and more in this section of the InternationalWealth portal.
Diversifying your assets into a foreign (offshore) bank in the 21st century is not a whim, but a dire necessity for many people. Keeping all your money in one bank and even one country is a bit like putting all your eggs in one basket. And that basket is then constantly twisted on a long rope over your head in a room full of hard and sharp objects!
The distribution of assets across different economies, legal systems and on different conditions helps to reduce the risks of a one-time loss of savings. Plus, it opens up additional opportunities: investments abroad, education, travel, residence permit / permanent residence, citizenship by investment and more.
The InternationalWealth portal brings together a professional team of experts that helps entrepreneurs and other interested parties to open bank accounts around the world: with a personal visit or remotely. We offer a free consultation on the selection of an offshore bank account for individuals and companies.
You can find out more about offshore banks in the articles in this section.
At the bottom of the page, you will find a selection of in-demand materials and services about offshore banks.
Offshore banking offers various services and products outside one's home country, providing benefits such as asset protection, tax savings, and investment diversification. Seeking professional advice is crucial due to potential risks and compliance requirements. Contact us for more information.
Bank secrecy in modern Switzerland: reality or myth. Swiss banks have been automatically sharing bank customer info with the EU member states since 2018. What does Automatic Exchange of Information (AEOI) imply? The AEOI standard: bank customer data that are shared. Is bank secrecy still a reality in Switzerland?
A zealous campaign against money laundering and terrorism financing is continuing in the world. It affects banks in all parts of the world to a large degree. The banks have to comply with the rules set by regulatory agencies at three levels: the local, the regional, and the international ones.
People have always liked (and will always like!) strength and power, so they want to cooperate with the strongest players in the market. If you open an account with the largest bank available, you get access to top reliability and resources, and this is the reason why the top 5 is a good idea to help you make a choice. In this post, we will present the top 5 largest banks in Europe by the total amount of assets and tell a few words about their services and peculiarities. You can become a customer of one of these financial giants in a matter of several weeks. Contact our experts for updated information.
Is your banking information going to be completely confidential if you bank is based in Switzerland? No, not completely. Official state agencies including fiscal authorities are going to have access to your banking information. However, the laws of the country efficiently protect banking privacy anyway: the bank account holder’s information can never become available to unauthorized third parties.
The European banking system is a symbol of reliability and stability. Our experts have prepared for you an overview of the European Union’s banking sector with interesting facts and figures.
Credit Suisse has always had a reputation as one of the most reliable banks in the world. However, the bank's financial results in 2022 are very disappointing. Our experts analyzed the consequences of this institution's possible bankruptcy.
Perks of offshore banking. IRS and global tax administrations on a crusade against offshore banks. Circumstances when FATCA doesn't work and you don’t need to report tax info to the IRS. When isn't the Common Reporting Standard (CRS) effective? Tax information exchange persists: are offshore bank accounts worth opening? Professional services for you to avoid issues with offshore account setup and tax info exchange.
Switzerland is the main banking center of the world. A great number of affluent people from different countries keep their money in Swiss banks. There they find an unparalleled level of banking security. Even though the interest on some types of bank deposits is negative in Switzerland, opening an account in a Swiss bank makes economic sense anyway.
What bank do most millionaires use? What bank do billionaires use? What banks do very wealthy people use? How much do wealthy people keep in the bank? What is private banking, a private account? Take into account: experts advise not to put eggs in one basket. Get your private account in 2023.
Boslil Bank is a reliable offshore bank in the Cayman Islands and Saint Lucia that we have been working with for many years. We recommended it to many clients and have always received good feedback. The bank has announced changes: it was fully acquired by an international holding company, Proven, and they are going to rebrand the institution to create Proven Bank. This naturally entails some changes in the structure and management, but is it going to influence the relations with customers in any way? We looked into the matter and want to share the results with you.
International transactions are associated with risks, and buyers and sellers need instruments that can guarantee payment in case of default. There are two instruments typically used by international companies to secure payments: a letter of credit and a bank guarantee. In this article, we will discuss the similarities and differences between them, and look at the possibility of obtaining them from offshore banking institutions. Our experts can help you find the right bank in the right offshore jurisdiction, and also obtain the required document.
Best neobanks in 2021 – difference from traditional banks, peculiarities, key services and functions, terms of use
Useful advice and tips on opening a neobank. Key steps, most important requirements, and possible pitfalls. Expert assistance.
The digitalization processes have affected banks in several ways. Today, banks are losing money on commissions as people can make money transfers via payment systems free of charge. For this reason, experts expect that banks are going to increase the prices for some other of their services to compensate for the losses.
We are witnessing some great changes in the banking industry. Digital technologies are applied in the banking sector in large numbers. Artificial intelligence, cloud platforms, mobile applications, and other suchlike technologies are making life easier for the bank clients. At the same time, they are making the banks do their best to adapt to the new reality.
How to open an offshore bank account online? A brief non-residents' guide to offshore accounts opening. Benefits of opening an offshore bank account. Legitimate procedure. Documents. Requirements. Possible issues. Prof. advice & services. Start by booking a free private Q&A session with us.
There can be absolutely no doubt that Switzerland today still stands as the world’s best and largest all-round offshore banking and asset protection haven. Switzerland certainly has a reputation to protect – and we are not talking about Rolexes or chocolates! Around one-quarter of global assets managed offshore in the entire world are managed in […]
CIM Banque in Switzerland has started closing accounts of the companies that do not have economic substance in the countries of their domiciliation.
Offshore banks in the Caucasus: Azerbaijan, Armenia, Georgia. Review of the banking sector of the Caucasus countries, the advantages and disadvantages of offshore banking in the Caucasus.
