… And that you may find interesting. License and Regulation In order to form an offshore company, a local registered agent or trustee is required. You can (almost) always find a list of all licensed registered agents and trustees on the jurisdiction’s financial services commission’s (FSC) or financial intelligence unit’s…
A few weeks ago, I revisited a post about how to incorporate an offshore company. Today we will continue this trend and rewrite another popular post in need of a facelift, namely How to Open an Offshore Bank Account. This post is not about optimizing your chances to have your…
Increasingly, banks world-wide require a personal visit to open a bank account. As mentioned in the post “Why Banks Say No to You But Yes to Me“, opening a bank account remotely involves a certain degree of risk. Visiting the bank in person shows you are serious and – silly…
From now on, posts in this series will not contain the word review in the title. The previous posts were taken as recommendations by some readers, which caused some unfortunate controversy over specially SFM Offshore, whose service quality has degraded since my post on them. I had intended for the…
There are a lot of things to consider when choosing an offshore bank. This post will be a deeper dive into some of the many factors that go into evaluating a bank, whether it’s onshore or offshore. License This is the most basic requirement, yet one missed by people who…
It is important to address the risks of moving your assets offshore. Too often, offshore banking is portrayed as a be all and end all solution. This post is intended to problematize this view and hopefully lead to more informed decisions being made about going offshore. The risks below do…
… And what you can do to improve your situation. An unfortunate side effect of this blog has been that some readers see what I write as some one-size-fits-all guide to offshore finance. Perhaps the blame is partly mine, but I try to be clear that what I write may…
“And the bank needs to have all the currencies in the world, issue prepaid cards, debit cards, credit cards, and virtual cards. Fees should be very low, if any at all. The bank must be financially stable and in a jurisdiction with a deposit insurance.” If this sounds like you…
Over the years, I have had dozens upon dozens clients inquire about forming their own bank. Over the years, the number of banks formed from these inquiries can be counted with the fingers on your two hands. The biggest misconception seems to be that forming an offshore bank is some…
It’s been a while since I did one of these, but today we will be taking a look at Panama-based Mossack & Fonseca. Website: http://www.mossfon.com/ Offshore Services Mossack & Fonseca is, first and foremost, a law firm and not a pure offshore service provider. Like many other law firms, they…