Offshore Bank Accounts
We assist clients with opening a variety of personal and corporate bank accounts in the countries listed below. These countries offer the greatest secrecy in banking anywhere in the world and provide maximum asset protection. The countries chosen for establishing banking relations have not signed a harmful Tax Information Exchange Agreement (TIEA) which provides for the exchange of confidential information with the Internal Revenue Service or U.S. Dept. of the Treasury on financial account holders.
Today, many foreign banks require a referral from a professional before they will consider a new applicant and often a personal visit is necessary. And many foreign banks and other financial institutions will not do business with U.S. citizens. The banks we work with have more flexible requirements and are very solid banking institutions within their individual countries.
By engaging our services, you will avoid these obstacles, and you will be banking and investing in the best money havens available today. Account processing times vary from bank to bank, but once all required documentation is ready to submit, generally an account can be opened and ready in approximately two weeks. Please refer to Offshore Financial Services Ordering Information for more details regarding our service.
The following are minimum deposit requirements for opening an account, but amounts may vary depending upon the type of account ultimately selected. Types of accounts are briefly described here. Additional information available upon request.
- Belize – Minimum opening deposit requirement of US $1,000. Personal and corporate, checking, savings, cash-secured VISA and Mastercard credit cards, VISA Pre-Paid Card and merchant accounts, and securities brokerage accounts. U.S. dollar, Canadian dollar, British pounds, and Euro accounts. A VISA debit card available for U.S. dollar accounts.
- Panama – Minimum opening deposit required for a corporate or personal account is US$1,000. (A personal visit to the bank is required to open a personal account.) A wide variety of banking services. Multi-currency banking.
- Cook Islands - Minimum opening deposit requirement of US $1,100. Multiple currencies availible. Personal and corporate accounts.
- Nevis – Minimum opening deposit requirement of US $1,500. for a U.S. dollar account. Personal and corporate, checking, savings, and credit cards available in U.S. dollars, Canadian dollars, U.K. sterling and Euros. Secured VISA and Mastercard cards available.
- St. Vincent - IBCs; offshore banking; private offshore bank licensing: flag-of-convenience; strong bank secrecy; no TIEA with the U.S.
- Anguilla - Offshore companies; strong bank secrecy; no TIEA with the U.S. or Canada. Please inquire.
- Hong Kong - Personal and corporate accounts. Multiple currencies. (A personal visit to the bank is required to open an account.). Inquire for more information.
Note: In addition to their local language, the staff members in all of these banks speak fluent English, and in the European banks they typically speak multiple international languages.
Banking requirements are subject to change without notice. Currencies fluctuate daily and are subject to current exchange rates for accuracy in computing equivalent values.
Account opening services are subject to change without notice by Barber Financial Advisors