An American friend of mine is having a problem opening a bank account in a foreign country as he resides outside, anyone else had a similar problem?
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Nope, but I opened it 8 years ago.
This is becoming more and more common with the whole FACTA BS that's requiring foreign banks to report accounts to the US.SKYPE - petra.ann
Email - [email protected] -
Hit Google, you will find a LOT of Americans are having the same problem. Banks are also closing their accounts.
Sign of the times for American expats. Another reason people are renouncing their citizenship in record numbers, even surpassing last year's number already.Comment
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That's why you incorporate overseas.
I've had inquiries w personal accounts but they've never fucked w our corporations .Last edited by scubadiver626; 05-20-2014, 01:41 PM.AsiaMoviePass My Best Rebilling SiteComment
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I had issues last year, prevented me from launching an office in a country I probably shouldn't have been anyways.Reliable web host that actually cares, tell em geedub sent ya. VacaresComment
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Many banks outside the US do not want to touch an American unless you are dealing with a lot of money.
Bingo
Nothing free in America. Especially the people.
Correct.
There is an exit tax. It is far less, around 10% of the assets you declare and that they are aware of.
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Open offshore, and contract with a local to be your Proxy Director, preferably an Accountant or Lawyer. Have them sign a carefully drafted statement that they are indeed only a Proxy, and that your friend is the true beneficiary, also have the Proxy sign the resignation form in advance but not date it, and last ... make sure the bank has written instructions from the Proxy, that there is no transactions do be done in bank, but only online. Have immediate possession of the security device and change all user IDs and Passwords.
Good luck!"The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."Comment
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SquirtIt you seem a bit irritated tonight. Have a gerbel up your ass?
I am an American, and love my country very much - but the United States of America is fucked up. We the people, have our head far up our own asses. We live in a society that is very well controlled. The freedom is only an illusion. News is what they want to tell us ... our movement, communication and purchases are monitored ... and our votes don't count.
Entertain all of us reading this ....
Where in my comments did I "show a total lack of integrity" by "dividing people based on race, gender, sexuality, citizenship, etc" ?Last edited by NALEM; 05-20-2014, 11:21 PM."The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."Comment
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$250k will get you a protected account with Merryl Lynch Hong Kong.
I only like keeping money in the USA for fdic.
Had a bank go out of business in the Philippines, total loss.
Be careful offshore! Plenty of Corp formation companies out there.AsiaMoviePass My Best Rebilling SiteComment
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