How to Open an Offshore Bank Account

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In this video, Andrew shares his wealth of experience in opening over 50 offshore bank accounts across the globe. Discover why offshore banking can offer you financial stability, diversification, and unparalleled benefits compared to traditional accounts in your home country.

Unlock the potential of offshore banking, maximize your financial opportunities, and protect your assets wisely!

00:00 Start
1:00 Is Offshore Banking Legal?
1:35 Benefits of Offshore Banking
2:33 Types of Offshore Bank Accounts
5:00 Where to Open an Account
8:00 Private Banking
10:01 Portfolio Banks
12:03 Opening Accounts Remotely?
17:03 Start Small and Go Larger

Nomad Capitalist is the world's most sought-after expert on legal offshore tax planning, dual citizenship, and international asset protection. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where you're treated best."

Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home.

Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We’ve also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far.

If you’re looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[TheCommonGardenTater]

Very informative. Maybe a Q & A session from your subscribers in the near future? Appreciate your content. Keep well.

[toniixii]

I use HSBC in 3 continents (US, Europe, and Asia) including HSBC Expat in Jersey, UK. I also use interactive brokers. I’m happy with this setup and as long as you don’t have to deal with HSBC staff (as for most non-local banks) and do everything yourself it’s perfect.

[philippearmbruster]

In Italy it’s pretty easy to open a retail account - all you need is a codice fiscale which you get for free from the website of your closest Italian embassy or consulte’s website.

[michaelbeggs]

Americans can easily open a bank account in Philippine National Bank. PNB has branches in Manhattan and California. They offer both dollar denominated and peso denominated accounts. Opening an account is easier overseas than it is in the Philippines for foreigners. PNB has branches worldwide and has a 60% cash reserve and has been open for a very long time.

[howardlibauer]

May I suggest you also address the issue of closing a foreign bank account. If you die, your estate must present a death certificate. A bank in Malta told me their backlog for closing such accounts was anywhere from one to two years. If you are still alive and want to close the account, you may have to front up in person in order to do it. This is the case in Hongkong and, I believe, China.

[lialbrown]

This. This is it. Your best video, by far. So far. Thank you.

[lemuelcolter]

Thank you Andrew and Nomad Capitalist Team. Your hard work & research are appreciated.

[dmtar]

That's for higher levels of businessmans as it requires putting down lots of dollars in order to open account....and you require entire plan for doing it, not just holding your money in there for no reason.

[reyinfante]

The problem with opening a foreign bank account is that US is extending its claws to foreign banks. Yes, you can open but the application will you ask you questions that it is impossible to hide that you don't live there (even if you have dual citizen) and then there is a disclosure that your information may be sent to the US government especially if you are a US citizen. If you agree, that is fine. It used to be that Swiss banks and Cayman banks have very strict secrecy laws but not anymore. Only a very banks does not bow to US pressure like banks in Singapore, the only problem is that US banks (mandated perhaps) do not have banking relations or will not have bank transfer from Singapore. Also, if you keep receiving money from a foreign bank, the US bank will flag you for a very vague reason and just get surprised that you get a notice that they will close your account at the end of the month.

[mclondon]

Thanks for the valuable info across your videos.
I'm still far from being wealthy enough to be a customer of yours, that said, let me share this knowledge with your other subscribers:
" Not your keys, not your crypto". Time to "diversify" in other ways. Just my 2 satoshis.

[Jubajourney]

To me Brazil is the easiest to open an account in. All you need to to apply for a CPF number (similar to social security) and anyone can apply for it. Takes about 2 weeks and then you pick up your card in person and go straight to a bank. Easy. I have helped many friends do this. ❤

[looseycanon]

yeah, from what I've seen in banks around the world, if you a have bill or contract stating, that you'll have recurring expense in a country, on you, you can usually open a bank account in retail banks.

[joeanania]

What's the list of the 50 strongest bank accounts?

[_malcolm]

I love videos like this! Super functional.

[CMS_]

What about accounts like Wise or Payoneer?

[KYFHOme]

Hi Andrew- how about a video on setting up an offshore account in El Salvador?

[ESArnau]

I was surprised you mentioned Andorra. I currently find myself trying to set up a bank account in Andbank and it is a very slow process. I am from Spain.

[HashEclipse]

Thanks for the video brother

Swiss quote bank ltd Is more than possible to get with almost no capital

I got it with less than 1000 bucks

It's a trading platform but also a bank

Just had to send a small international payment from my Brittish bank account to activate it.

With obviously my ID documents etc done online

Also they offer virtual debit cards etc so can pay with nfc and free local sepa payments


Can store numerous currencies aswell

So it is possible to get a swiss bank account with literally no money

[bradapotamus]

Great pound for pounds discussion. Easy to listen to and information dense

[Jubajourney]

It’s not about hiding money. It’s about not having all you assets in ONE jurisdiction. What I have is no one’s business.