Tag: Offshore Banking
Banks in Puerto Rico are often perceived to be an “easier-to-access” option than those in the mainland USA. For many, the view is that banks in Puerto Rico offer all the benefits but require jumping through fewer hoops than their US counterparts. And, while that can sometimes be true, it’s not always the case. Overview […]
As a foreigner, opening an account with banks in Serbia may not make the most sense. If you’re not a resident or don’t plan on becoming a resident, there are better options elsewhere. However, as we’ll share, there are reasons why banks in Serbia are still interesting. Opening an account with banks in Serbia as […]
As a foreigner, having a Canadian bank account can be a powerful tool. So, it’s not surprising that foreigners and non-residents are interested in opening an account in Canada. In fact, it’s a common question we get asked by entrepreneurs, especially those who own an online business. Bottomline… Can a Foreigner Open a Bank Account […]
Did you know that over 90% of Dubai residents are expats? With this in mind, it’s no surprise that Dubai has become a popular hub for expat banking. So, whether you are moving to Dubai or another country, you might be looking for the best bank in Dubai for expats. The best bank in Dubai […]
If you have never requested a bank reference letter before, it can be difficult to know how to get one and what it needs to include. In this article, we’re going to answer these questions for you and help you avoid costly mistakes. A bank reference letter is a letter from a bank where you […]
In this article, we explore why Taiwan banking is interesting and who can benefit from opening accounts. We’ll also share important warnings for prospective applicants and lesser-known tips on how to save money during account opening. But first, let’s look at why we’re talking about banking in Taiwan in the first place… Taiwan Banking for […]
An offshore account can be a powerful tool for diversification, asset protection, and even wealth creation. But, if you’re not careful (or choose the wrong one), offshore accounts can also cause headaches, trigger unintended tax reporting requirements, and be expensive to maintain. In this article, we’ll show you how to open an offshore account, reap […]
If you’re considering opening an account with an Andorra bank, you’re probably looking for a stable jurisdiction, relatively low minimums, and euro banking. And, while you can tick all of these boxes in Andorra, there are pros and cons to consider before opening an account. In the past, we’ve shared why an Andorra bank is […]
Bearer shares were once a favorite tool of the offshore world. They offered complete anonymity and could be easily bought or sold… 100% anonymously. But, like most tricks of the offshore world, they’ve almost entirely disappeared. Between 2000 and 2019, increasing pressure from the OECD and other regulatory bodies forced offshore hubs to eliminate bearer […]
Offshore Banking in the UK is a bit of a misnomer. While it is possible for non-residents to bank in the UK (especially in private banking), offshore banking in the UK is found… offshore. Just a short 60-minute flight from London, and you can find three of the top offshore banking jurisdictions in existence today: […]