We are able to assist clients with the opening of an offshore bank account with our preferred partners in Cyprus, Belize, Seychelles, Latvia, North Cyprus, St. Lucia, and East Africa. These bank accounts combine several advantages. The most important one is privacy and possible reduction of taxes depending on your countries laws. You can increase your level of privacy and asset protection by simply registering a Belize IBC (Seychelles IBC required for Seychelles banking) and obtaining an International bank account and direct your funds offshore. The offshore bank account also provides the highest level of banking secrecy. There is no check on your credit history. Offshore banks offer the highest level of privacy protection and are tax free.
What is needed to open an offshore bank account?
Opening an offshore bank account is a little more complicated than opening a traditional bank account, although it is not much different than opening a business accounts at a US Bank. Offshore Privacy Ltd has relationship with major offshore banks and will assist you every step of the way.
- Certified copy of the Certificate of Incorporation and Articles of Assocation we provide
- Certified copy of your government passport. In some cases other government ID's are acceptable.
- Original Utility Bill or proof of address
- Bank or professional reference for the applicant (not required in Seychelles, Latvia, North Cyprus, Hong Kong)
- Completed banking applications and forms which we provide
How much do you need to deposit to open an offshore account?
The banks we deal with require no more than $500 to $5000 initial deposit to open an account with the acception of UBS Switzerland which requires $275,000 CHF, and BMI Seychelles requires $50,000 USD or $500,000 in turnover in one year.
How do I deposit funds?
The best way to fund your account is to simply redirect business income and merchant accounts to a new offshore bank account. It is not advisable to wire funds from your domestic personal or corporate account to the offshore account as this essentially tells your government where your offshore bank account is. Offshore Privacy Ltd. offers a trust account for client to send or receive funds through, thus your offshore account remains private. Click here to learn how to secretly fund your offshore account.
How do I withdraw money - What about Internet banking?
All of our offshore banks offer full Internet banking with the ability to send and receive wires over the Internet, bill paying and a host of offshore credit, debit and ATM cards to access your funds anywhere in the world. Today is is relatively easy to access your offshore funds as it is your onshore funds. With that said we do not recommend you use a bank issued debit card do to privacy reasons. Visa/Mastercard have both on request provided the names of card holders to offshore banks to the US and other countries. Click here to see our No-name Mastercard we recommend for accessing your funds privately.
Fees:
Offshore banks may have slightly higher fees than traditional banks depending on the amount you have on deposit however there are no income taxes, capital gains taxes, estate taxes or taxes on interest earned. Most offshore banks will waive annual fees for certain deposit levels. Contact us if you require information on banking fees for a specific bank.
Contact Offshore Privacy Ltd. and we can help you determine the best location for offshore banking based upon your needs and country of residence.
