Category: Analysis
Why would anyone keep their money in a failing economy if they could take it elsewhere? They wouldn’t! Unless the government imposes currency restrictions and blocks the movement of money. Unfortunately, that’s the reality for people in many countries around the world. But, why would a government impose restrictions on moving money or holding foreign […]
It was 90 years ago today that the stock market crash of 1929 took hold… Most people associate the crash with October 29th, Black Tuesday. In fact, it’s said that the opening bell was never heard on Black Tuesday because of the shouts of “Sell! Sell! Sell!” were too loud… But it was during the […]
The Laundromat Movie is Hollywood’s latest attempt at undermining the world of offshore companies and international banking. It was a cringe-worthy over-simplification of asset protection and structuring. At the time of writing this note, Netflix’s new film ‘The Laundromat’ has a 44% ranking on Rotten Tomatoes… falling behind such acclaimed low-budget rom-coms as ‘A Prince […]
If you’re a South African interested in getting money out of South Africa, you already know how important (and difficult) that entire process can be right now. In this article, I’m not going to dive into the political, economic, or social issues South Africans are facing. Instead, I’m going to address what you need to […]
Last week, I opened a personal account at a Panama bank. And while that might not seem like a reason to celebrate, it is noteworthy. You see, for the past five years or so, Panama has become renowned for being a horribly challenging place to open accounts – but not because the banks are “bad”, […]
If you’re like me, and you probably are, you wouldn’t just step aside and let someone walk into your home and steal all of your personal belongings. But would you let the Irish government do it? You see, Ireland started the bail-outs. And we’re going to share why that matters. You’d put up a fight. […]
Introduction For a lot of people, being able to open international bank accounts is critical to their business and their lifestyle. Whether you live in South East Asia or the middle of Alabama, being able to send and receive money is essential. This is especially true if you have international commitments. There are several steps […]
Introduction The country you choose to bank in is as important as deciding where to live or where to buy an investment property. You wouldn’t buy a house or move your family to a war torn neighborhood. So why would you send your money there? This is GlobalBanks. So it should come as no surprise […]
Ask any business owner and they’ll tell you that cash is the fuel that keeps a business alive. Without it, you can’t purchase supplies or pay employees. But a lot of the time, the most important consideration about your cash goes unnoticed. And that’s how you actually access it. Bank account closures have a serious […]
Introduction GlobalBanks started out of necessity. We faced the shocking realization that bank regulators were killing businesses by making it impossible to open, and keep open, international bank accounts. Good people with legitimate businesses were being stonewalled. So we created a solution. Now, we realize the importance of stopping criminal activity. But the level of […]