Offshore Banking in Europe​: Bank Account Opening

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Where to Bank Offshore

Offshore Banking in Europe​: Bank Account Opening

Offshore banking in Europe is highly developed and very advantageous for individuals and businesses alike. That said, each offshore jurisdiction has its own set of banking requirements and types of clients that it caters to. As a result, offshore banking in Europe can be very difficult for outsiders to navigate.

Use the following articles, written by our team of banking experts, to navigate your offshore banking options in Europe and to start the process of applying for bank accounts today.

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The best way to get started with offshore banking in Europe is to download your copy of our Non-Resident Banking Guide. It’s free and shares the step-by-step process to open offshore bank accounts in top European banking hubs.

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Getting Started

Where to Access European Offshore Banks​

Below you’ll find our archive of free resources to assist with account opening.

This includes detailed articles to help you open bank accounts in top banking hubs in Europe and free banking guides explaining how to navigate challenges for specific client types.

We also share helpful information on how to overcome challenges for specific businesses and individuals.

European Offshore Banking

Europe is a unique banking destination because it has a wide range of options for opening bank accounts available for non-residents. In some cases, these non-resident options are in traditional offshore banking hubs, while others are in private banking hubs that cater specifically to high-net-worth individuals.

In this section, we’re focused on opening bank accounts in traditional offshore banking hubs. But, because there is such a blurred line between offshore and private banking in Europe, we’ll also include a few private banking hubs below for you to consider.

Alternatively, if you are primarily interested in high-net-worth banking services, you can use the links below to navigate to our content hub for European private banking as well.

Now, let’s look at some of the key offshore banking hubs in Europe. Below is a list of six offshore jurisdictions where non-residents can open bank accounts in. 

  • Isle of Man
  • Jersey
  • Gibraltar
  • Guernsey
  • Cyprus
  • Malta

Many European private banking hubs offer offshore banking services. We have listed just four of the many private banking hubs for an example where non-residents can open private bank accounts in. 

  • Andorra
  • Austria
  • Liechtenstein
  • Switzerland

Deposit Requirements for Offshore European Bank Accounts

The amount that you are going to be expected to deposit to open an offshore bank account in Europe will depend on the type of bank account you want to open and the country you’ve chosen. 

For example, most international or foreign banking clients can get started with an offshore bank account in the Isle of Man with an initial deposit of $3,000. On the other hand, the same banking client would be required to deposit $50,000 to open a bank account in Jersey.

Naturally, the service that you receive when depositing $3,000 is going to be different than the service you receive when you deposit $50,000. So, knowing your priorities in terms of service, account functionality, and deposit amount are all important factors to consider.

How to Open Offshore European Bank Accounts​

If you would like to learn more about offshore banking in Europe, you can explore our country specific articles and free resources below to get a better idea of your banking options and see if offshore banking in Europe is the best option for you. 

Or if you’re ready to open a bank account today, we can help you get started in one of two ways…

First, we’ve created a comprehensive account opening platform called GlobalBanks IQ, which provides all of the tools you need to navigate opening bank accounts offshore—and even do so remotely—in some of the top banking jurisdictions available. 

Or if you’re looking for a more hands on approach, we also have GlobalBanks Insider. 

GlobalBanks Insider is a done-for-you solution that leverages our team’s expertise, gives you direct one-on-one support, and sets you up with personalized introductions to the best offshore banks available. 

Both GlobalBanks IQ and GlobalBanks Insider are designed to help you to successfully open bank accounts with some of the best offshore banks in the world.

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  • Choose banks in minutes with our international banking database
  • Open accounts with detailed step-by-step instructions
  • Handle banker questions easily with detailed conversation scripts
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  • Receive lists of banks that accept high-risk & offshore businesses
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Learn More About Your Options

Alternatives to Offshore Banking in Europe​

Below you’ll find our archive of free resources to assist with opening offshore bank accounts. 

This includes detailed articles to help you open bank accounts in top banking hubs and free guides explaining how to navigate challenges for specific client types. 

We also share helpful information on how to overcome challenges for specific businesses and individuals.

Offshore Bank Account Opening

Offshore Banking for Individuals & Businesses

Click here to explore all of the available offshore bank account opening options, including personal, business, and private banking.

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European Bank Account for Non-Residents

Banking in Europe for Individuals & Businesses

Click here to explore all of the available options for banking in Europe as a non-resident or foreign individual or business.

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Looking for a different type of account? 
We can help you make informed decisions about personal, business, & private banking across Europe, Asia, and the United States. Click here to learn more.

Frequently Asked Offshore Banking Questions

Below are three of the most common banking questions we receive from people exploring offshore banking in Europe. If you have further questions about online offshore banking, don’t hesitate to contact us directly.

Can I Open a Bank Account in Europe If I Don’t Live There?

Yes, you can open a bank account in Europe if you don’t live there. That said, the banks available to you will depend on your citizenship, residency, deposit level, and banking needs. It’s important to choose banks that accept similar client profiles and have documents and requirements you are able to meet.

Is It Illegal to Have an Offshore Bank Account?

No, it is not illegal to have an offshore bank account. That said, it is illegal to have an offshore bank account for the sole purpose of hiding assets to avoid paying taxes.

How Much Money Do You Need to Open an Offshore Bank Account?

The amount of you money you need to open an offshore bank account will depend on a few variables, including where you choose to open a bank account, the type of bank account you want to open, and your banking profile. Deposit requirements for opening a bank account in Europe as a non-resident can be anywhere between $3,000 and $1000,000.

Free Resources

Offshore Banking in Europe

Below you’ll find our archive of free resources to assist with account opening. 

This includes detailed articles to help you open bank accounts in top offshore banking hubs in Europe and free guides explaining how to navigate challenges for specific client types.

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