The offshore account offers the opportunity to seamlessly operate their own funds regardless of the situation in your country of residence. It is a tool for managing and protecting funds for both private and corporate parties.
We can offer you a wide range of offshore accounts with the possibility of remote opening, and opening with a personal presence in the bank.
Offshore investment account
Despite the fact that all banks outside the country of your residence can actually be called offshore, offshore accounts can still be divided into categories:
An offshore investment account is a tool for actively multiplying your assets. You can open an investment account for both private and corporate parties. This type of account allows you to purchase securities, participate in the FOREX market, acquire shares, futures and so on, depending on your preference.
Offshore savings account – this type of account involves placing funds on an offshore account for a certain amount of time under interest. At the end of the term, the investor receives his funds back, plus interest.
This is quite a common type of offshore account, as many prefer to use offshore accounts specifically for creating savings, and not for active operations.
A savings account allows you to receive higher interest rates on an offshore bank, as well as guaranteed insurance of your deposits, depending on the country of the bank’s establishment.
It is more profitable to open investment accounts in offshore investment banks that focus precisely on this direction. These banks will be able to offer you a wider range of investment products and will serve you at an appropriate level.
It should be noted that opening an offshore account in an offshore jurisdiction is subject to certain conditions. Since the number of transactions carried out is desirable to minimize since transaction fees will be very high. And the very opening of an account will require investment as an initial deposit for opening an account, calculated from tens of thousands.
An operational offshore account is suitable for entrepreneurs who are active in business internationally. This type of offshore account allows you to save on currency conversion and fees for international transactions.
Through this account, you will be able to conduct a large number of transactions at affordable rates. In addition to this offshore account, it is easy to get such banking products as payment cards from leading providers of VISA and MasterCard.
Where to open an offshore account?
Opening an offshore account should be in an offshore jurisdiction that can properly protect your assets and your personal data. This means that such jurisdictions as BVI, Seychelles, Guernsey, Jersey, Isle of Man and other OECD countries and countries that have signed an agreement to join the pilot program for the automatic exchange of information for tax purposes are not suitable for opening a reliable and confidential offshore account.
Yes, most of the classic offshore banks offer the opening of an offshore account on a safe and confidential environment, but it is important to navigate the situation and understand the future trends of the bank and the country where the financial institution is established.
Also, when choosing a country where to open an offshore account, much depends on the plans of the person opening the account. The banking world offers an extensive range of banks that operate in different directions and specialize in different types of clients.
Offshore account opening rate
It all depends on how quickly you can prepare the necessary package of documents, as well as in which bank you wish to open an offshore account. Opening an offshore account after filing all the documentation can take from 3 weeks or more. Such deadlines are due to the requirements of international organizations to achieve maximum transparency. Now all banks, both in the West and in the East, have complicated the procedure of customer identification, which delays the procedure for opening an offshore account.