Top Countries for Opening Offshore Bank Accounts

📍The best TAX HAVEN — the CAYMAN Islands
The Cayman Islands is a country with a great reputation in the international banking market. Any individual or legal person can be granted very favorable terms, including the incredibly small tax liabilities in the Caymans. That’s where investors are very relaxed and confident about the safety of their assets, due to the steady local political and economic environment. The Cayman Islands do not tax wages, capital gains, personal income, and corporate profits (or, rather, maintain very little tax rates). There are no currency controls in the country. The local banking privacy provisions are recognized as the best in the world. The regulatory and legal framework allows for the protection and rapid diversification of owners’ funds.

📍The SAFEST country for DEPOSITS — GERMANY
Germany has always been considered one of the safest countries for deposits. Given the reasonably low costs and fairly easy procedures of opening bank accounts, the overall financial stability, and security protocols of German banks, their services excel similar offers of financial institutions in other countries. The German banking system with its cutting-edge technologies is one of the most advanced in the world, guaranteeing 24/7 access to online services and ATMs. Besides, applicants are not required to visit the bank in person to open a non-resident offshore account.

📍The most convenient country for COMPANY FORMATION — NEVIS
If you’re looking for a country to start a classic offshore company, you should consider Nevis. The favorable profile of its financial system, the low cost of registration, and the high-quality asset protection services – are the reasons why international companies are attracted to this country. A non-resident bank account set up in Nevis will enable your business to migrate to any jurisdiction, merge with other large companies, and grow internationally. The Nevis legislative framework exempts companies from any burdening chores and procedures. So if a shareholder chooses to quit the company, they can do so at fair value.

📍The MOST SECURE country for ASSET PROTECTION — SWITZERLAND
At the Swiss legislative level, it is established that banking services are a special field of economic activity, so confidentiality is given a high priority by Switzerland’s financial institutions. Bankers are prohibited from disclosing any information about their clients to any requesting parties. Any financial institution will be fined up to 50 thousand Swiss francs for disclosure of the client’s banking secrecy. A non-resident bank account in Switzerland is considered the safest investment in terms of asset protection and independence.

All countries described above clearly feature specific advantages and are rightly qualified from many points of view as the best and the most beneficial offshore jurisdictions. However, it is important not to rush into making hasty decisions. That is why we advise you to open a non-resident bank account after thorough research together with a seasoned consultant. Your financial security, asset protection, and asset diversification will depend on the right choice of jurisdiction and the right foreign bank.

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Open a foreign business account and take care of your personal funds!

Fill out our questionnaire and get a free selection of a bank or payment system!

Personal accounts
Opening accounts in foreign banks allows you not only to enter the international market but also to take care of your savings. For example, your funds in a personal account of foreign banks are guaranteed by the government: depending on the country and on the bank, the guaranteed amount ranges from 30,000 to 100,000 EUR.

Corporate accounts
Opening a corporate account in a foreign bank now is more relevant than ever. In addition to the fact that international partners prefer to transfer funds to accounts opened with international banks, there is another reason to open an account in a foreign bank.

“Order a corporate account and get a 50% discount on a personal account at the same bank!”

For more information please contact us at:
📩info@offshore-pro.info
👩🏼‍💻Consultant @Uliana_IW

How does Stripe work with Offshore Companies?

🔹Out of the jurisdictions that Offshore Pro Group recommends, we would have to suggest that Canadian partnerships and US (Wyoming) LLCs are the best options if you are incorporating a foreign to open a Stripe account.

🔹The reasons we recommend Canada and the USA are twofold. Firstly: both these entities are tax transparent if the partners (in the case of a Canadian partnership) or the members (in the case of a Wyoming LLC) are non-residents. In other words, if your business is properly structured, you don’t have to pay any US or Canadian taxes.

🔹The second reason is that when it comes to international credit card processing, USA and Canada are seen as low risk. You are likely to get higher approval rates (translating into more sales) on retail transactions if your merchant account is based in USA or Canada. The exception to this rule is if you are selling to just one region: for example, if you are selling in the EU, you’ll get better approvals with an EU merchant account. In that case, we might recommend Gibraltar.

🔹It is for this reason that large, sophisticated operations will have multiple merchant accounts around the world and will route and cascade transactions in order to get the best approvals and acceptance. However, this is a technical matter. Our job is to set up companies.
What about Hong Kong and Singapore? They could also be good alternatives if you want to incorporate a company handset up a Stripe account. The only issue is the costs in Singapore are very high, and Hong Kong is now distinctly under Chinese influence which has made it much less attractive as an offshore banking jurisdiction.

Sing up for a consultation
👩🏼‍💻Our consultant is online @Uliana_IW

6 benefits of a ready-made company in Serbia

If you prefer to have not a newly formed company you can purchase a ready-made LLC with some history of existence and save your time.

The cost of a ready-made foreign company depends on many factors: the age of a company, the cost of government fees, maintenance expenditures, and additional services required for your business.
International Wealth offers to register a company and open an account or purchase a ready-made company with an account in Serbia.

Currently, we have 5 ready-made companies for your choice.
To open a bank account in the same country where the company is registered gives an advantage in banking on many levels. It also makes the company more reputable in the eyes of the business partners.
Serbia provides foreigners with the opportunity to open a bank account, register a company or branch, purchase real estate and obtain a residence permit.

Briefly about the company in Serbia:
🔹A company in Serbia can be opened or purchased by visiting the capital in person or by POA without a personal visit.
🔹The most popular form is DOO (similar to LLC)
🔹 The minimum amount of the authorized capital is 1 euro
🔹The owner can be a non-resident
🔹Legal address is required
🔹Accounting is required
🔹Corporate tax - 15%

Not every businessman is ready to start from a newly formed company, preferring to maintain the reputation of an established business. For this purpose, you can purchase a ready-made company with an account in Serbia.

6 reasons to buy a ready-made company in Serbia:
🔹 a company established a certain period ago makes a reputation better
🔹 time economy
🔹 the ability to quickly start managing the company
🔹 Possibility to get a company with a bank account
🔹 investors have the right to obtain the status of a resident of Serbia
🔹 deposits in banks are guaranteed up to 50,000 euros

❗️At the moment there are 5 ready-made companies available. If you want to register a foreign company, you can do it fast and without a personal visit.

Details

The Main Advantages and Requirements for Establishing Corporation in Panama

🔹A foreigner can own 100% of shares in a Panamanian corporation. There are no restrictions on the nationality of the founder and no residency requirements.
🔹High level of data security for the beneficial owner and company shareholders. Professional directors may be used officially.
🔹The minimum required number of shareholders of a company is one (1) person (natural or legal).
🔹There are no requirements for the size of the company’s paid up share capital (USD 10,000 is standard)
🔹Absence of state control over corporate capital.
🔹Every company must have a registered agent within the country.
🔹Appointment of a registered agent of the company (official representative for service of legal documents) is required.
🔹The company founder is not required to be present at the registration of a Panamanian company.

Book a free consultation 📩info@offshore-pro.info

Find out all registration steps in the article ✅

Opening an Account for a Singapore Company in a Swiss bank

Opening a corporate account for a company in Singapore remotely is a complex and responsible procedure that requires taking into account many nuances. And given that we are talking about a Swiss bank, in most cases it will require a fairly significant budget to implement this task in practice. For this and other reasons, most business people “shy away” from the difficulties and choose an easier and less expensive option.

Benefits of opening a corporate bank account in Switzerland for a company registered in Singapore:
🔸Extremely high level of confidentiality;
🔸Wide investment opportunities;
🔸Advanced features for business;
🔸Multicurrency of a corporate account in Switzerland is a default feature;
🔸The exceptional reliability of the banking system;
🔸The most complete implementation of online opportunities;
🔸The favorable geographic location of Switzerland in the very center of Europe;
🔸All Swiss banks that we recommend to our clients are members of the Swiss Stock Exchange and the Association of Swiss Banks and are supervised by FINMA (Swiss Financial Market Supervisory Authority).

If you have any questions regarding the documents or the procedures, please contact info@offshore-pro.info.

🇹🇷 Set Up a Limited Company in Antalya with a Bank Account

Limited company registration in Antalya also has the following advantages:

🔸You do not have to be a resident of Turkey to register a limited company in Antalya. Business registration is available to both foreigners and locals.
🔸A limited company can be founded by at least 1 natural person or legal entity, and the share capital depends on the par value of the shares of all members, but it should not be below 10,000 Turkish Liras.
🔸Each shareholder takes responsibility for their share of capital only and can sell it to the partners or third parties (the latter is allowed in case the partners refuse).
🔸The company can be managed by one or more people, the CEO or the board of directors, including a foreigner.

For more info contact us:
📩info@offshore-pro.info

☝️ Corporate bank account for online casino, gambling and gaming

While governments of some countries are considering whether gambling and casino services are worth being legalized, the industry of online gaming and gambling grows very fast. More and more online casinos offer their services as there is a very big demand for this type of entertainment.

The other side of the coin is to have a possibility to accept money from clients and have access to a bank account with a wide range of functions. This can be tricky. Most foreign banks and a significant part of other financial institutions like EMIs (Electronic Money Institution) or neo-banks prefer to avoid dealing with gambling and online casinos.

Although such type of activity is considered to be very high risk, some Electronic Money Institutions (EMI) are still onboarding such clients and providing them with corporate bank accounts. Moreover, some of them specialize in this activity and are aware and familiar with all aspects of gambling.

An Electronic Money Institution with a head office in Cyprus onboards online casinos, gambling, gaming, betting companies etc. Here is what you get if you open a corporate account with this EMI:

🔹Simple and fast procedure of account opening
🔹B2B, C2B, B2C payments are not limited to EEA countries
🔹SEPA, SEPA INSTANT, SWIFT and CHAPS payments.
🔹dedicated IBAN
🔹Easy access to your account 24/7
🔹Guaranteed security of all online transactions.

If your business activity is online casino, gaming or other high risk business, check with us if your company is eligible for opening a corporate account!

Just send us a message and we will provide a consultation for you.
👩🏼‍💻Our consultant is online @Uliana_IW

Starting a Company in Singapore and Opening an Account in a Hong Kong Bank

Registering a company in Singapore is simplified and standardized as much as possible. But this does not mean that foreigners will be able to easily cope with the task on their own.

Registration of a company in Singapore, documents for individuals (beneficial owners, shareholders, directors):

🔹A certified copy of the passport, signed by the owner and certified by a bank, notary, lawyer, or auditor;
🔹Proof of residence address (a bank statement, a bank reference, or a utility/phone bill);
🔹Documents proving personal information – citizenship, residential address, date, and place of birth, occupation, telephone/fax, and email address.

❗️Please note: All documents are provided in English / Chinese and are subject to legalization (in Singapore, documents are not apostilled).

We will be happy to answer any questions via e-mail at info@offshore-pro.info.

Required documents

How to start the offshore account opening process?

You may need a foreign bank account for different reasons: savings, day-to-day transactions, payments to foreign partners, etc. In most cases offshore account opening process differs from the procedure in a classic bank in your home country. This fact may raise doubts but our professional team will help and make the process smooth and easy.

So what are your first steps for opening a foreign bank account?

1️⃣The optimum way is to start with filling out our questionnaire or you may start with a message or call us.

After filling out the questionnaire, our specialist:
🔹contact you with the appropriate solution based on the information that you provided
🔹ask clarifying questions (if necessary)
🔹 will provide the key advantages and characteristics of the most suitable banking solution
🔹 will describe the procedure of account opening, as well as the costs and a list of required documents.

2️⃣If the proposed option suits to you, we’ll issue the invoice and provide you with full support and guidance on the account opening process: preliminary approval of your application with the bank, consultation on filling out bank forms, checking of documents, submission of your application and communication with the bank until the final decision is made by the financial institution.

To summarize, we take almost all tasks upon ourselves. All you need is to contact us and provide the documents, following our instructions. Our company deals with more than 100 banks and Electronic Money Institutions all over the world and will choose the most suitable banking solution.

For more information please contact us:
👩🏼‍💻Our consultant is online @Uliana_IW
📩info@offshore-pro.info

How to open a foreign bank account with a discount?

❗️Till the end of summer 2022, we give a discount for opening a bank account in the UK payment system account when you book your company registration!

Even if your business is related to the high-risk category, we have a solution for you.

Find out how much your discount is by filling in the form and don't forget to add promo code AUGUST.

📩info@offshore-pro.info

Special offer in August: PRE-APPROVAL service

If you are thinking about opening a foreign account but have not decided which country your bank should be in. Moreover, if you have looked for a bank on your own but have not found a suitable solution, our special offer is for you!

The service PRE-APPROVAL is selecting a bank account and approvement of your case with the bank. For this service, our experts will find you TWO banks and TWO payment systems suitable for your business. Once you will receive preliminary approval from TWO banks and TWO payment systems, you will be able to choose the best option for you.

Once you have received the pre-approval, you can start preparing your documents to apply for an account. It is important to remember that the preliminary consent does not give a 100% guarantee of account opening (the bank can make a final decision only after consideration of a full package of documents according to the bank requirements).

If you receive a negative reply from one bank, you can apply to another bank or payment system that has pre-approved your case. Thanks to the service "PRE-APPROVAL" you do not need to waste time and money for certification of documents and waiting for the consideration of each bank separately.

PRE-APPROVAL service includes:
🔹Examination of the company profile with verification of the documents provided,
🔹selection of a suitable bank and discussion of your case with the selected banks,
🔹a positive response from 2 banks and 2 payment systems.

The offer of EUR 999 is valid from the 10th of August till the 31st of August 2022.

In case you receive the bank's consent to open an account, the amount will be credited as a prepayment of the full cost of one bank account opening service.

Hurry up to order the "PRE-APPROVAL" service by using promo code AUGUST! We look forward to your applications or visit our website.

How to register a company in Canada

Canada is the country with stable economy which is the 10th largest in the world. This country is also highly rated for easy process while starting and doing business.

Limited Partnership Registration in Canada for Non-residents
Here are the stages of registering a company in Canada:

1️⃣ Provide a detailed business plan.
2️⃣ Provide the preferred company names.
3️⃣ Provide the required documents.

A detailed list of documents and detailed description of each stage registration can be found at our website.

Why Canada?

✅Simple registration process – takes place remotely.
✅Global infrastructure – the government offers loyal conditions for companies.
✅Not a high level of corporate taxation – the federal tax rate is 15%, and under some conditions – 11%.
✅Advantages of corporate law – the company has the status of termless succession.
✅Registration cost is low.

The following types of business structures are most common in Canada:

❇️Limited Partnership LP. Classic Limited Partnership.
❇️Extra-provincial company. Registration of a foreign or offshore company in Canada.
❇️General Partnership (GP). The easiest and most flexible for most cases.

Contact our experts for a consultation to get more detailed information.
📨 info@offshore-pro.info

How to make a business and obtain citizenship of Turkey?

Turkey is an attractive country for those who want to have a business, make an investment or simply live in this beautiful place. The comfortable climate, sunny beaches, advantageous geographical location and developed infrastructure makes Turkey a popular destination among many foreigners.

A non-resident has a lot of options in Turkey beginning from long-term rent or buying real estate, to establishing a business. All these options allow you to apply for a Turkish Residence Permit or citizenship by investment.

The following investment options are available for obtaining citizenship by investment in Turkey:

1️⃣Purchase of real property in Turkey that is worth at least US$ 400,000
2️⃣Investment of at least US$ 500,000 into the charter capital of a Turkish company
3️⃣Establishment of a business company in Turkey that will create at least 50 jobs for Turkish residents.
4️⃣Deposit of at least US$ 500,000 into a Turkish bank.
5️⃣Purchase of state bonds that are worth at least US$ 500,000
6️⃣ Investment of at least US$ 500,000 into an investment fund or a venture fund.
7️⃣Placement of at least US$ 500,000 to a private pension fund for a three-year period

Besides, if your business is connected with Turkey, you can set up a company, obtain Tax ID and open a bank account in a Turkish bank. You will need to visit a bank in person only once to sign the documents. Our experts will help you to prepare the documents, fill in the forms and will provide all necessary information by email before your visit.

For more information about available services Turkey in please contact us:
📨 info@offshore-pro.info

Asset protection in Belize and Cook Islands

When you are looking for the best way of asset protection you need to do your research on the available options and compare their pros and cons. International Wealth experts have more than 10 years of experience in asset protection and monitor the latest effective solutions every day.

One of the most economic and effective ways to protect your money is to set up a limited liability company (LLC) in Belize or the Cook Islands.

The most important advantages of asset protection in Belize and the Cook Islands are:

🔹Data protection: application to the courts of Belize and the Cook Islands is required to receive access to a registry and it requires considerable financial costs and time)
🔹 Bank account: neither Belize nor the Cook Islands are included in the blacklisted jurisdictions
🔹 Trust: can be formed in both jurisdictions
🔹 Favorable tax conditions
🔹The decisions of foreign courts are not recognized in Belize and the Cook Islands

You can also consider other jurisdictions for asset protection that are more expensive for registration and renewal: Nevis, Marshall Islands, The Isle of Men, Panama, Jersey, Guernsey, Liechtenstein, and Luxembourg.

Why asset protection is so strong in Belize and the Cook Islands? – Please find more information on our website.

Feel free to contact International Wealth for more info and a detailed consultation:
📨 info@offshore-pro.info

Alternative to a bank account – a no-name debit card

Non-resident bank account opening is a very tricky process these days. Not only success is always uncertain but also operating large amounts of money can be quite difficult.

What if you had a very economic and more certain alternative to a bank account?

This can be a brand new no name Union Pay debit card, that can be used for cash withdrawal on ATMs almost all over the world. Additionally, limits are high.

What are the benefits?
• This is a great alternative to a bank account and your profile can be created in just a few days
• The card is loaded via bank transfer, by yourself or third parties
• One person can have up to 3 cards, which allows for high loading and withdrawal limits
• Union Pay cards are available for almost all nationalities
• The card does not have the name on it which protects your privacy and is similar to an offshore bank account
• Maximum balance on the card USD 50,000 per card
• Maximum withdrawal daily limit of USD 2,000 per card
• A great way to be paid and withdraw cash with optimal privacy

For more information please contact us at info@offshore-pro.info

☝️ Serbia is a new solution for creating a European business!

If you want to register a European company with a European bank account, we have a great solution for you: a simple and straight- forward process of creating a company and opening a corporate account in Serbia.

Company and Bank Account in Serbia ➜

You can enjoy a lot of services available for non-residents in Serbia: company formation, registering a branch, opening a bank account, purchasing real estate, obtaining a residence permit, etc.

If you already have a registered company in another jurisdiction, you can open a branch in Serbia and open a corporate bank account with the help of our representative in Belgrade. Moreover, you can purchase a ready-made company and start your business immediately.

A company in Serbia - basic information:

➡️ the most common form is LLC;
➡️ requirements for the size of the authorized capital - from 1 euro;
➡️ the owner of the company can be a non-resident;
➡️ legal address required.

It’s also possible to organize a full-fledged presence of a company or branch with a corporate bank account in Serbia. For example, to rent an office, landline, etc.

For more information about setting up a company and opening an account in Serbia please contact us:

👩🏼‍💻Our consultant is online @Uliana_IW
📩info@offshore-pro.info

Relocation to Serbia – a Detailed Guide for Expats ➜

Economic Presence in the Country of Incorporation

There can be two types of substance:
▪️physical
▪️economic.

The former means the actual presence of the company in the country of incorporation (working in trade, production, etc.). The latter is about the actual activities within a certain jurisdiction.

Economic presence for non-resident companies offers the following benefits:
▪️exemption from local taxes (if provided by state laws);
▪️reducing the risks of additional taxation for previous periods;
▪️additional banking services (in many countries without an economic presence, companies cannot open an account);
▪️improving the general reputation of a business (today, shell companies only raise suspicions);
▪️serious opportunities to help your business grow and increase profitability.

❗️The company must demonstrate that it has an economic presence in the tax jurisdiction where it plans to receive the requested tax regime.

Book a free consultation - 📩info@offshore-pro.info

The Offshore Pro Guide to Top Banks in the Caribbean for 2023

Most of the banks in the Caribbean dealing with non residents are not part of the Eastern Caribbean Central Bank system. That is why we said above that each of the list of Caribbean islands engaged in banking is in fact an International Financial Centre in its own right.

If the Caribbean international banks were connected to this system, it would make their transaction processing a breeze, with easy access to regional and international financial systems such as the US Federal Reserve. However, to achieve that, they would be sacrificing all the privacy and independence that is so valued amongst the best banks in the Caribbean. Banks focusing on the private banking or non-resident banking niches long ago decided it was better to deal with banking regulators on their own islands, rather than relinquishing sovereignty to the central bank in St Kitts and Nevis. Therefore in the Caribbean islands, there are dual financial systems – one run by the ECCB and one in each of the Financial Centre islands that is run by home-grown Caribbean regulators.

❗️Opening an account in a Caribbean bank is relatively easy, and can normally be done without the need to travel.

📎Read on to find out more about opening an account in a Caribbean bank and/or in the different Caribbean financial centres.

📍Banks in Antigua and Barbuda
📍Banks in Belize
📍Banks in Dominica
📍Banks in St Kitts and Nevis
📍Banks in St Lucia

Would you like to open a bank account in a Caribbean bank? Would you like to benefit free of charge from our recommendations and insider tips? Our company is in regular contact with all serious banks in the Caribbean and is ideally positioned to help you open your account.

📩info@offshore-pro.info

Opening a Corporate Bank Account in Nevis Online

The bank in Nevis, in which we offer you to open a corporate account, specializes in serving small and medium-sized businesses. Small customers are denied the opportunity of opening accounts here.
A company that becomes the bank’s client gets access to all the major financial services:

🔹cross-border money transfers in all major currencies;
🔹trade finance instruments: standby and documentary letters of credit;
🔹guarantees;
🔹accounts in different currencies;
🔹online banking;
🔹trust management of capital;
🔹investment services.

Please note that the team of the Nevis bank specializes in providing trade finance services. Therefore, legal entities whose activities are related to trade, export-import, and so on, will find working with this bank very comfortable. The bank will provide them with high-quality services to support complex trade finance solutions with counterparties from the USA, Europe, Asia, and Africa.

Details
👩🏼‍💻Consultant: @Uliana_IW

How to protect your assets in Nevis?

If you have not yet decided which jurisdiction to choose for offshore company formation, we suggest you to consider Nevis – this is a country that provides the highest level of confidentiality, asset protection and the absence of currency control.

Why do businessmen choose Nevis for asset protection? How is asset protection in Nevis different to other jurisdictions?

A key feature of Nevis is that court decisions taken outside the jurisdiction of Nevis are not accepted for consideration. Only decisions made in the local court are accepted. The cost of filing a lawsuit will be rather high and needs to be paid upfront.

Key features of Nevis companies:
🔹Fast registration process
🔹An offshore company cannot provide any services to local citizens.
🔹 No requirements for a minimum size of the authorized capital
🔹agreements on absence of double taxation
🔹 High level of privacy protection - no public access to personal data of owners and shareholders
🔹 Nominee directors are allowed
🔹International income is not taxed
🔹Redomiciliation allowed
🔹High level of legal protection

For detailed information about registering a company in Nevis and in other countries, please contact International Wealth experts:
📩info@offshore-pro.info
👩🏼‍💻Consultant: @Uliana_IW