How to Get an Off Shore Bank Account

[minusonebit]

Anyone got a page where I can introduce myself to the stuff involved in getting an offshore bank account, location considerations and perhaps some recommendations on banks that are safe to put your money in?

[Chaldoray]

Contact me

[jerseygto]

Ask the guys over at enron im sure they know!!

[squishypimp]

goto www.ubs.com they have info on e-banking in Swizterland.

[madawgz]

i would like some information on this too...

[minusonebit]

Oh yes, I should mention this is for corporate use, not personal.

[Webby]

Originally Posted by minusonebit

Oh yes, I should mention this is for corporate use, not personal.

It's not really any different to opening a bank account locally minusonebit. You just complete an application form and provide copies of corp docs (often these may have to be notorized)

Dunno where you want an account, but Panama is still good and plenty international banks there - they are not permitted by law to pass any client data outside Panama.

[DirtyJs]

hey webby.. can you hit me up.. icq 174-027-322

[cyberstar]

I can help you set up a bank account in Panama.. as webby mentioned, you have a few international banks to choose from (HSBC, ScotiaBank, etc) and many local banks. I use HSBC here and they have web banking in English (pretty important for a Spanish challenged person )

[inabon]

Originally Posted by Webby

It's not really any different to opening a bank account locally minusonebit. You just complete an application form and provide copies of corp docs (often these may have to be notorized)

Dunno where you want an account, but Panama is still good and plenty international banks there - they are not permitted by law to pass any client data outside Panama.

well panama is still a good place but it is not that easy anymore. you can open a bank account locally if you create a local corporation with panamenian directors only as soon as there is a foreign director things get complicated

trust me i know we have opened and manage bank accounts here for some of my hosting customers.

if you want more info on panama hit me up 7 4 1 1 2 1 2

[RayBonga]

Check out "The offshore money book" by Arnold Cornez.

One of the best books on the subject

[Webby]

Originally Posted by inabon

well panama is still a good place but it is not that easy anymore. you can open a bank account locally if you create a local corporation with panamenian directors only as soon as there is a foreign director things get complicated

trust me i know we have opened and manage bank accounts here for some of my hosting customers.

if you want more info on panama hit me up 7 4 1 1 2 1 2

Sure.. really depends what is needed as part of the corp structure. Only me, but prefer not having banking or operations in the same jurisdiction as the corp - tho often that may not matter - depends.

Sounds like there is a corp already in existence, and no idea of the jurisdiction. The example of Panama was just off the cuff - there may be more relevant locations for banking, depending on the jurisdiction of any existing corp and what the desired scenario is going to be.

PS Already familiar with offshore corps/banking - we have more corps than we ever had breakfasts tho in our case there is little concern over privacy issues - we have already been operating offshore for over a decade.

[CuriousToyBoy]

Email [email protected] - they specialize in that stuff.

2c

[DatingGold]

you should pay your taxes.. im jumping to conclusion :-)

[Webby]

Originally Posted by DatingGold

you should pay your taxes.. im jumping to conclusion :-)

Are you DG?

There sure is something to be said for *actually* being offshore and pretending to be - or trying to operate offshore corps when residency remains onshore. One is legal - the other a greyish/possibly illegal scenario - depending

Anyways.. the weather is nicer offshore and nobody sends tax forms, - it's a hard choice

[inabon]

Originally Posted by Webby

Sure.. really depends what is needed as part of the corp structure. Only me, but prefer not having banking or operations in the same jurisdiction as the corp - tho often that may not matter - depends.

Sounds like there is a corp already in existence, and no idea of the jurisdiction. The example of Panama was just off the cuff - there may be more relevant locations for banking, depending on the jurisdiction of any existing corp and what the desired scenario is going to be.

PS Already familiar with offshore corps/banking - we have more corps than we ever had breakfasts tho in our case there is little concern over privacy issues - we have already been operating offshore for over a decade.

hehe cool i imagined you had experience i just wanted to clarify the myth about panama it is not as easy but it is not impossible and very productive if you go through all the paperwork.



ttyl

[Webby]

Originally Posted by inabon

hehe cool i imagined you had experience i just wanted to clarify the myth about panama it is not as easy but it is not impossible and very productive if you go through all the paperwork.



ttyl

Hola inabon ;) Sure.... There seems to be a few myths about offshore in general and Panama is no exception. They are about as true as Panama hats being made in Panama

Apart from obviously the adult biz, most of the corps we work thru are for landholding - eg buy 100 hects of land, cut and plot it into 240 one acre plots, do the titling, buy 240 corps and stuff each acre in a corp. Any acre can then be sold by simply selling the corp, plus it offers a buyer a few advantages including security. (It also saves land transfer taxes and no property tax appreciation where we are)

Totally agree on the time setting up corp structures - it's worth every dime and can have multiple benefits if planned well