Tag: Remote Opening
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 […]
If you’re looking for a bank account as an expat, you’ve probably come across the UK as a popular option. And, for good reason. Several UK banks are commonly used by expats when looking for “third country” bank accounts. UK bank accounts for expats include current accounts, savings accounts, seafarer accounts, premier accounts, and wealth […]
Virtual IBAN providers offer a valuable service to businesses and individuals in need of fast, low-cost transfers and multi-currency accounts. But, not all virtual IBAN providers are created equal (or worth using). So, before choosing which virtual IBAN providers you’re going to open accounts with, make sure you review the challenges, opportunities, and common mistakes […]
RAK offshore company registration is popular with people seeking tax efficiency in a relatively stable jurisdiction. However, as we’ll explain below, this is usually a poor choice. RAK Offshore Company Registration Warning: RAK offshore company registration is increasing in popularity. Unfortunately, so are the bank account opening challenges for these entities. For this reason, it’s […]
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: […]
There’s no such thing as a one size fits all strategy when it comes to banking for digital nomads. And there’s a simple reason for that: every digital nomad is different — different citizenships, different sources of income, different banking requirements. So the banking strategy that’s best for each digital nomad needs to be tailored […]
International private banking conjures up images of private jets, secret accounts, Swiss accents, and exclusivity. But for almost a century, the attraction of international private banking had less to do with exclusivity and everything to do with taxes. Or, perhaps better put, not paying taxes. People used to move money into a Swiss bank account, […]