Category: Analysis
Many people think that they should open a Belize bank account as part of their offshore banking strategy. And if your goal, like others, is to use offshore to diversify, protect assets, access foreign investments, or take advantage of higher interest rates, offshore accounts are a great tool to have in your arsenal. But whether […]
When most people think about offshore or international banking, they don’t think about opening a US bank account as a non-resident. In fact, the US isn’t an obvious place for most people to open an account. Most foreigners and non-residents think that banking in the US can cause issues with taxes and privacy. And if […]
If you’re interested in opening a Singapore non-resident bank account, you’re in the right spot. We’ve helped people from all around the world open non-resident accounts in Singapore following the strategy that we’re about to outline below. And while everyone on the internet says that non-resident banking in Singapore is getting more difficult (or even […]
Banking in Lebanon used to be seen as a status symbol. It was home to solid banks with good reputations that offered customers stability (and banking secrecy) in a shaky part of the world. But banking in Lebanon is changing. In Beirut, banks recently shutdown for two-weeks. They cut-off access to customer accounts and blocked […]
Account opening requirements for non-residents at European banks are changing. In fact, there are brand new requirements that didn’t even exist 2 to 3 years ago. You used to be able to open an account by simply showing up and having a semi-justifiable reason for wanting a bank account. Today, you’ll be hard-pressed to find […]
CRS Countries GlobalBanks CRS Tracker Last Updated Jan 7, 2020 Take Control Of Your Personal And Financial Information Today! 3 strategies you can use NOW to increase privacy & asset protection without shady banks (Page 5) The most important WARNING you must know BEFORE opening in Non-CRS Countries (Page 6) Our BEST piece of advice […]
I’m just as surprised as you are that I’m writing about Cuba’s banking sector. But here I am, writing from my balcony in Havana. While I’ve traveled to a lot of different countries over the years, Cuba never made the cut. So I decided to make a stopover while I was visiting banks in the […]
In our last article, we discussed the difficulties that offshore and international companies face when setting up payment processors. But besides accepting payments via a payment processor, an entrepreneur needs to receive funds into a bank account for their new company as well. And while a lot of small businesses and startups are opting for […]
At GlobalBanks, we talk a lot about how to open an offshore bank account. We also decode the common pitfalls and challenges that most people struggle with during the account opening process. And while you might be thinking that opening an account is a straightforward process, it can involve a mountain of paperwork, red-tape, and […]
Bank failures happen all the time. And more often than not, it happens in “developed” markets like the U.S. where there is an abundance of banks, easy access to credit, and loose regulations across an oversaturated banking market. According to the FDIC’s own statistics, 531 bank failures have happened since 2008, including three in 2019 […]