Best Offshore Banks of 2023
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- Опубліковано 10 вер 2024
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We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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Excellent videos. Informative and detailed. Gives you the nitty gritty, and real info, in a nutshell. These videos are not just a sales pitch to reel you into an expensive retainer. Thanks to Michael and his advise I now know that I am on the right track with my US PLLC.
Very informative
1. You haven’t mentioned HSBC Bank?
2. If we open Account in any of Tier-1 bank, does we have to be legal resident of that country. If no, what are those banks and countries please.
3. Can we link my Account in different branches say if I open Account in Delhi HSBC and Canada HSBC, can I inter-link these these Accounts?
Yeah HSBC mostly isn't nearly as good as advertised. I'm not quite sure why, probably due to regulations but in general banks don't work well across borders. Really, if you want that functionality the best place to go is somewhere like transferwise.
As for opening accounts in tier 1 banks as non residents yes it can be possible but it's bank by bank and it's always changing. Even a bunch of what I included in this video has changed since I created this video.
HSBC is rubbish.
@@buntybunty5504where do have residency?
Many thanks
Our pleasure!
Anything you'd like to see next?
Kindly make video on banks with lowest & highest interest rates. And on international banks giving loan to foreigners.
Great suggestion, thank you!
Stay tuned ☺
Can you please do a similar video regarding the best offshore banks for personal accounts? Just regular plain vanilla checking and/or savings for running through living expenses each month while traveling abroad. Thank you so much.
Good suggestion will do
@@OffshoreCitizen Excellent. Thank you. As an aside, I noticed you singled out Wells Fargo as a bank you didn't consider to be favorable. I've banked with them in a corporate setting for a company I formerly worked for and based on service alone, I can say I concur. However, I thought it pertinent to mention that many of the "retired" vloggers from the USA that have relocated specifically to the Philippines (usually under the former SRRV that may soon return after revamp), that a vast number of them insist on getting a Wells Fargo account before leaving the USA because they are the only US bank (according to them) that facilitates direct bank-to-bank account transfers between personal accounts instantaneously. Otherwise, in most circumstances, you're dealing with a wire or account transfer that takes upwards of 21 days. For context, I am a US citizen strongly considering planting one of my flags in the Philippines or Malaysia.
@@skranz7790 thanks for the feedback. The biggest problem with wells Fargo is the lack of online wire transfers. US, Canadian and Australian banks aren't very international friendly
@@MichaelRosmer Makes sense. I suppose it is a specific application in a specific country that the Philippine retiree vloggers are pointing to.
Would standard chartered report to hmrc in the UK if i have a account in kenya for example?
When the 2022 version coming out?
The title is wrong; it should be: "Best Offshore Banks of 2020."
You have a pond behind you but no fish, im concerned.
Haha what can I say my wife likes sea food... ;p
Is it possible to leave the links on the description of the video? Maybe some timestamps. Also what about credit? Loans, credit card, financial leverage?
Great suggestions!
Regarding credit you'll find it difficult in most places if you don't have local income and/or assets
where do you live ? looks so tropical
This was filmed in Bulgaria
You can using NEO banks, for example revolut, n26 and etc
Yeah some of them are really appealing depending on your needs
hey man they are soo hard to get accepted
@@HowToApple depends on your circumstances some of them are much easier than conventional banks but it all depends on their criteria.
Very informative video .......I have a question as a curious partner in crypto I have client constantly asking if there's a crypto broker who can sell them bitcoin with out asking for ID verification cause they want to maintain there anonymous transaction
You'd need to do something peer to peer
Thank you, very instructive and useful for these daring times. Does any of those banks provide a more private service, or are they all private accounts? Greetings from Brazil!
Furthermore, if I may make a suggestion: write in the description or over the video the companies you describe, as it is not so easy to understand the name of some of them. Thank you!
Thanks for the suggestion definitely will work on that.
What do you mean by "a more private service"?
Silvergate bank lol, RIP
ANY INFORMATION ABOUT CT STANDARD OFF-SHORE INVESTMENT BANK
Can you make a video on when to create a off short bank account ?
It really depends on your situation. Where are you from, where you want to open it. What currency, what purpose, your income and so on... There are many things to consider. For more information you can check out this video ua-cam.com/video/uqHX_DMh0as/v-deo.html and
If you have any other suggestions, let us know!
Is Jtc iom a good trust bank ? Thanks
Amazing content
Thanks!
Interactive Brokers sounds interesting.. Are they also a bank and in what countries?
They aren't an actual bank, they are in most parts of the world
@@OffshoreCitizen .. Thank you
Question, is BBI belize? Have heard it mentioned a couple of times, but I am not sure where is that?
I'm not clear on the question. What are you asking?
@@OffshoreCitizen you mentioned it at minute 2:00 when people said about doing something on the BBI.
what is your op. on decentalized banks like Bitcoin ?
Well I don't think of bitcoin as very equivalent. I'd view something like Dai more that way. As an investment I've been openly bullish in crypto this year having invested a fair portion of my liquid assets myself.
I'd love to see a world where I could transact 100% in crypto but right now we're a long ways away from that so unfortunately, we tend to need real banks. If we're lucky the payment rails will get to the point over the next several years that you don't need a bank account but I think governments will resist that so we'll see.
What do you think about it?
@@MichaelRosmer id say your partly right, Governments love the idea of crypto tho id say., they just dont love the fact its not totally centralized under there control. So they made CBDC's, china is already started the roll out of there cbdc.
[www.weforum.org/great-reset]
[sustainabledevelopment.un.org/outcomedocuments/agenda21]
[cryptonews.com/exclusives/ecb-exec-sovereign-money-needs-to-be-reinvented-8451.htm]
[cryptonews.com/news/a-hint-from-davos-2021-regulating-crypto-is-in-the-public-in-9011.htm]
[www.weforum.org/agenda/2019/04/this-new-form-of-currency-could-transform-the-way-we-see-money/]
personally, i like the technical innovation of bitcoin or as a decentralized network of nodes running a protocol that can be used to build a new internet,web3, serverless and in the cloud With things like [docs.blockstack.org/.]
[chain.link/]
what's the 1 incentive someone may need and that will undoubtedly get most involved in Bitcoin? ..ill tell you its ....$$$.... the more people that use the network the stronger the network becomes.
@@seraph1890 yeah I'm not a huge believer in bitcoin as an end point but as a step along the way it was a great entry point to kick off development in the market and the innovations coming out now are great. We'll see how it develops, hopefully in a way that makes our lives and society much better not worse.
@@MichaelRosmer i would say that the best store of wealth is something like property/land, but you wouldn't store the majority of your wealth in it. bitcoin could be looked at in a similar since kind of lol
Please improve recording audio volume, it is always too low on your videos.
Thanks I've got a microphone for the new ones so you should notice an improvement
@@MichaelRosmer sounds totally fine for me.
I've tried to set a call up through your clarity account, but you don't respond?
Hoping this somehow gets to you in case you've missed it
Hi Brian, Michael does not operate through Clarity at the moment. The only platform you can use to book a call is Calendly - calendly.com/michael-rosmer
Are you familiar with SBLC facility?
Interactive brokers it is a brokerage firm not a bank
Technically you're right, for the purposes of storing funds and investing it is one of the best options though.
I need info on how i can shift my money and brokerage account from my country to the country where i can trade options in US and also pay no tax or minimal tax. I hv interactive broker account but cannot trade in options in US exchange. Do i have to ooen a company or take residency in another country.
@@sshetty9683 it could depend on a huge range of factors. Tax planning for trading is not a simple matter in many countries.
It's likely that you'll need to set up a foreign company but it depends.
You can reach out to us and book a call to discuss the specifics www.clarity.fm/michaelrosmer
What do you think about offshore accounts in china at HSBC? As far as I am informed you can create an account without being there through an agent.
Banks are decent, very difficult to get accounts opened and much harder still to do it remote. But yeah it can be ok.
Hey man do you know any info what is the best bank that doesn't ask questions if i'l deposit very large amounts of money ?
No, that's the reality of banking today. If you don't want questions you need to stick to crypto or something.
@@MichaelRosmer thnx
Michael is right there is very few places that accept large cash amounts. Those days off rolling up with bags of cash are long gone. Can be still done just not easy. This video and the places to avoid saved me so much time . Thanks Michael
I am from Nigerian, please a reliable offshore account for my online business.
Depends on many factors. Nature of your business, where it is registered, where your clients are, how they pay you, currencies, volume of business, likewise for your suppliers.
You can reach out to us to go over it in details.
Comeone list out the names in details bro
Hi bro , I’m from Canada I m a stock trader ,, so can I open a account in cayman island to avoid tax 🙏🙏 how to avoid tax on stock trading
Karan, the best strategy depends on your specific situation.
It would probably be best to book a call calendly.com/michael-rosmer. You can tell me all about it and I'll guide you on the best solution and any next steps
You can open in the Bahamas rates are better than cayman
@@cleancutz8498 do u know bro who much does it cost 🙏🙏🙏🙏🙏🙏
EMI?
Electronic money institution... Sort of a virtual bank
which offshore banks are safe to use ?
What do you mean by offshore? Generally, offshore banks are just banks in another country. And safe from what? From losing your money? From being frozen?
I've done some videos on assessing bank safety and the things that can go wrong. In general though most banks are fairly safe
What do you think about Moldova?
For banking? Not too excited
@@OffshoreCitizen i thought about Asset Protection
@@halorx9863 you might get privacy but bank security is weak so trade offs. I wouldn't bank there
@@MichaelRosmer what do you mean in terms of security? Losing all money because of corruption?
@@MichaelRosmer i seek banks that are not in data exchange programs, what about Tuvalu?
Do you have Offshore Banks for sale?
I can connect you with that if it's what you're interested in and you're a, qualified buyer
I am a qualified buyer. Please do send me some details. My email axtivonet@gmail.com
Dr mike
great video how can i contact you ?
Thank you!
You can book a call here calendly.com/michael-rosmer or send a message here www.offshorecapitalist.com/
Looking forward to getting in touch with you!
What about foreign trust accounts
Complex question, much harder to get
6:47... S... what did you say??
So opening foreign accounts is closed to individuals?
The Cayman Islands are one of the most popular choices for offshore banking due to its political stability, low tax rates, and strong financial regulation. Many Cayman banks allow seamless remote account opening. 2:56 [BBCIncorp]
An offshore, or overseas, bank account is one that you have in a country you don't reside in.
Typically your passport, proof of address, and proof of income are required to open an offshore account. If you plan to open an offshore bank account for your business, you may be required to provide additional documents, such as a certificate of incorporation and the share register, to prove ownership. 3:24 [Global Citizen Solutions]
It may be more challenging to open an offshore bank account than a domestic bank account because you may need to prove you have a minimum amount of money or a business relationship with the bank's country. 4:04 [NerdWallet]
Offshore banking is the practice of keeping money in a bank account located in a different country than the account holder’s home country. There are many reasons why people choose to do this, including the potential for tax benefits, asset protection, convenience, security, privacy, and higher interest rates. However, there are also some risks associated with offshore banking, including the high costs of setting up and maintaining an account, the possibility that the offshore bank could default, and increased regulatory scrutiny. 5:55 [Bankrate]
I came to hear about highest interest rates on 1 year term savings accounts.
Ah we tend not to recommend very high interest savings accounts. You can get better returns with lower risk in many other ways most of the time so we advise going that way instead.
You talk a lot...you should have just written the damn names down in the description bro
How is Mauritius for off shore banking?
Not especially great
For Seychelles companies have tried bank one useless. ABC banking corp were ok. Putting one application in for Investec Mauritius at the moment. Michael is right I like HK companies now for formations and banking. UAE is a solid jurisdiction just no remote opening that I know off.
so much talking but nothing concrete !
chase bank 🤢🤢🤢🤢
2020?? Your title says 2023! Lazy and dodgy.