Offshore Personal Bank Account

Offshore personal bank accounts can be a powerful tool to protect, grow, and diversify your wealth. And, with the right bank, you can benefit from many attractive opportunities (e.g. foreign investments, higher rates, lower transaction fees, etc), that you might not be able to access in your home country. 

But, finding the right offshore bank account can be difficult and expensive.  each bank offers different services, has different deposit requirements, and requires different documents to open accounts.  

And on top of that, you have to pick a banking jurisdiction with a strong reputation and a stable economy to make sure that your funds are safe. There’s a lot to take into consideration.

To start you off on the right track, here are a few important factors you should consider when choosing an offshore bank account: 

• Choose a jurisdiction with a stable economy, strong rule of law, and sound fiscal management
• Choose a bank that is reputable, has high quality customer service, and caters to similar client types
• Understand what the account opening process entails, including the requirements you’ll need to meet, documents you’ll need to submit, and the intial deposit you’ll need to make
• Determine whether or not the bank offers remote account opening 

Taking these factors into consideration will help you make an informed decision on which offshore banks are best suited to your client profile and banking needs.

Of course, before trying to open any accounts, you also need to make sure that the bank offers the benefits you’re looking for.