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Opening an offshore bank account online is still possible
But in order to succeed in opening an offshore bank account online, it is essential to have the advice of an expert in these matters. That professional will be able to accompany you in the selection of the best jurisdiction and guide you through the process of opening the account.
Why do people seek to open an offshore bank account?
Offshore bank accounts are one of the most effective ways to protect your assets from potential risks in your country of residence. Among the dangers covered by an offshore bank account are from the devaluation of the local currency, to the seizure of funds and the tightening of currency controls by the authorities.
With an offshore bank account you will have more financial freedom and you will be able to invest more easily and quickly than with a bank account in your home country.
Types of offshore bank accounts
There are two types of offshore bank accounts: savings accounts, designed to save money for the long term and invest in stocks and other securities. Current accounts, on the other hand, are dedicated to carrying out regular transactions, such as money deposits or withdrawals or transfers through the SWIFT system.
Experts suggest that it is pertinent to have both a personal and a corporate account. This way you will be able to transfer funds between these accounts easily.
How to open an offshore bank account?
Banks are placing more and more requirements, but, at present, it is still possible to open an offshore bank account. However, the support of an expert is key. This professional knows the banks and procedures well. Therefore, he/she can advise you on the documentation to be submitted and, above all, help you choose which jurisdiction and bank best suits your needs.
One of the jurisdictions where you can open offshore bank accounts online is Switzerland. For this, one of the requirements to be fulfilled by Swiss bankers is to hold a videoconference with you.
In addition, several countries in Europe accept the opening of offshore bank accounts online. Other widely used jurisdictions are Panama, Singapore, St. Lucia, Belize and Cook Islands.
Once you have opened your offshore bank account, we suggest you to comply with a series of recommendations. For example, keep a backup copy of your transactions, always respond promptly to any inquiry made by the bank. Always notify the bank in advance about any kind of unusual operation you are going to carry out.