The Offshore Strategy Everyone SHOULD Use

☎️ Book a call with Michael:

One of the best advice we can give to people is to open multiple bank accounts! Having multiple bank accounts, Internationally (offshore bank accounts) will provide you with lots of freedom and flexibility.

It is a cheap insurance, in case anything happens with your current bank account!

Setting up an alternative bank account(s) can save you lots of headaches in case any of the banking risks happen. And there are many banking risks people are typically not aware of.

Institutional risks, client risks, government risks, political risks, to name a few.
---------------------------------------------------------------------------------------------------------------------
Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.

Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.

At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.

With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
..........................................................................................................................................
Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.

☎️ Book a call with Michael:

🌎 Visit our website:

[ChairWoodenFloor]

The problem with opening bank accounts as non-resident is that those banks will treat you poorly as a customer, like requiring high deposits, adding ridiculous fees just for non-residents (after the fact), or requiring you to appear in person to do something, and you can do nothing about it. For most people it is best to stick with a few different banks at their place of residence. I would only open an account abroad if I had a second residence / citizenship and could apply as a resident.

[BlackLabelExpat]

I could not agree more. I also suggest having a on/off ramp to a digital non custoadial wallet just for stable coins. Not to hold long term but as a way to transfer value when geopolitics get in the way of markets

[whenwasnow]

If you're US citizen and manage to get an account as a non resident (congrats), you must tell the tax lords if they all reach 100k (rule has more nuance). So, as Michael says, it's an escape door of sorts.

[jimmccann]

World Economic Forum risk affects almost all depositors. Blackrock, for example, has an ambition of systematically converting home owners into renters. Other billionaires are working different dispossession strategies to be applied versus the masses. We might ultimately see, for example, large scale Bail-Ins of depositors to cover widespread derivative losses. Any comments?

[profbradleywilson]

Michael, Which banks in jersey, channel islands, Lichtenstein and which brokerages might be recommended for the mirror of US wyoming llc for affiliate marketing, you tube, kindle direct publishing. SO normal income and royalties.

Please do something (a vid) on royalties setups for us non residebts.

[Martin-psxn]

With all those risks (not to mention banks freezing you just coz they can) what is your opinion on HNWI's putting their money in some of the bigger crypto defi protocols? If your money is truely decentralised and the risk spread, why not? It is 2024!

[johngatlin]

I’ve been investigating the 2 nd passport and saw your video but being a US CITIZEN how do I set up accounts, corporation's & investment offshore without attracting attention from Uncle Sam with a second passport ?
Jay

[jn]

As a US citizen, doesn't simply opening a foreign account automatically trigger additional IRS reporting requirements in addition to possible additional tax filings on any earnings in that account as well? These would both mean either paying a tax professional to help you get it correct, or creating even more problems for yourself.
If you have a legit need for an offshore acct, absolutely. But just for "fun" or cheap "insurance"? Pass. Not cheap or insurance in reality.

[TheEmperor]

If you get a bank account in the US (as a non-resident foreigner), aren't you risking getting into the US IRS tax net? Meaning that you would get all the issues that come with that?

[emileriksen]

What do you think about the various neo, or online, banks? Do they offer any of these benefits?

[qartheros]

If I qualify for this new Thailand DTV visa coming out 1st June and live there, where would you recommend I move my tax residency/business registration to? So far, it looks like they don't want DTV holders to pay tax in Thailand. I'm currently self-employed UK paying about 25% of my profit in tax and NI.

[Gismotronics]

I would like a bank account in a country that doesn't tax foreign income and is crypto friendly. Would be great if residency not required. Any suggestions?

[adamf]

For a Canadian solo consultant in private equity who has not setup an offshore company structure yet, and is about to receive a crippling lump sum payment(as far as taxes are concerned) can I move quickly (within a month after being paid) and claim residency somewhere else when it comes to it?
Have not set up structure yet, but also curious the time it would take to do so.
Some of these consulting commissions are domestic, some international and there's future equity dividends to think of too.
Amenable to the NHR in Portugal living there, in combination with a low or no tax corp area like Caymans

Does Canada have a clock on when they can deem me still a resident here?!
Would love your insight, and possible engagement if your suggestions fit my situation.

[lina]

Would you recommend a residence instead of a second citizenship for people with 6-7 figures?

[patrickusereau]

Hey Michael! Fellow Canadian here. I was wondering what you think about opening an IBKR account in another country. The account offers up to 4.83% on USD with more than 10K. I already have one in Canada and was thinking of opening a 2nd one in another country. Your thoughts?

[mkishon]

When I lived in South Korea, non-residents could not open accounts. Has this changed in the last 5 years?

[PixPete]

I'm surprised you didn't mention Cyprus for EU bank accounts. I know that might make some people nervous after what happened in 2013, but the flip side of that is it will never happen again. I'm going through the process of opening one there now.

[jamestewari-hhet]

I have an offshore account but would like to open one in Singapore.

[nadpul]

Take the Lebanese banking system, it was stellar at all levels forever and in one night all people’s deposits disappeared…

[gabrielchartrand]

Out of curiosity, to ensure everything is legal before a setup of this magnitude is established. Is everything double checked with accountants and lawyers to ensure the “offshore citizen” is legal in their home country? ie: Canada?