7 Factors for Offshore Bank Accounts

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The single best way to protect your money, grow your wealth, and safeguard your assets against everyone who wants a piece of the pie – is offshore banking.

We are a strong advocate for offshore banking because it allows you to become a true diversified global citizen, which is even more important in today's world when the banking world is a madhouse.

In this video, Andrew shares seven factors for offshore bank accounts.

00:00 Start
0:21 How to Open and Access an Offshore Bank Account
0:49 Banking in Switzerland
1:40 Jurisdiction
2:17 Banking in Singapore
2:36 The Best Countries to Open Offshore Bank Accounts
5:08 Laws
6:30 Travel
7:29 Travelling to Singapore
8:55 The Quality Of Banking Services
12:41 Management

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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.

[Evteboda]

I would never imagine that i would need to open a foreign account, but the political situation changed. It is wise to do it before it is late.

[sloth]

I know you're still business as usual but... Life's falling apart for many people across the world with global unrest and threats of war. Not just in the USA but in a lot of these places that one would normally get a second citizenship in. People are suffering and becoming angry with their governments. Banks are becoming less secure. Would love to see vídeos address some of these things.

[yoginelson]

Andrew you are awesome. You inspired me to do what I have been thinking of doing for 20+ years. I fall slightly below your threshold to be a client (10%) under the $1m but I’m on the way to citizenship to Spain because of you! Thank you

[vwchan]

Hi Andrew. When I set up the FD for MM2H recently, it helped that my wife and I had HSBC accounts here (which in Malaysia HSBC is also present). Yes, the entire process almost felt like we were dealing with two completely different banking institutions but still it was a tad easier and safer paper trail wise since I was able to electronically transfer the needed funds from the US to Malaysia. On the app, I can see my HSBC accounts in both places.

[stevencarroll]

This is a really excellent overview. Canada may be an option for the smaller dollar account. Most countries do not allow foreigners accounts any more. This is largely due to US Treasury reporting requirements, why would a foreign bank want to deal with those guys?? Way too much hassle.

[tech]

Switzerland isn't neutral anymore.

[robinrickards]

Can you comment about the quality and security of banks in Panama?

[Southeastasiantraveler]

Given the current strength of the USD, it really is a great time to be diversifying your currency into other countries.

[mariasosin]

I love the content, thank you for sharing knowledge and experience!

[Heathbarcrunch]

Thank you for another informative video; I'm a longtime, grateful viewer, Millennium in Portugal has recently announced it will no longer be allowing foreigners to open accounts from abroad; they'll be required to do it in person...

[ikbk]

What resource can I utilize to find out if the country I Bank in, reports to the US government?

[theresa]

Do you have any videos on how to setup and off shore bank account. Specifically Singapore? Thank you!

[aaronag]

Absolutely great free advice.
Any advice for that lucky winner of the euromillions currently standing at £194million. I guess contact you asap? Lol

[AlmasHealthyCooking]

What bank is recommended in Albania to start residency?

[gregfed]

Is there a step by step process to open a bank account in a Caribbean country as an American?

[msmartu]

what is a FIN and why do i need one to open a bank in Singapore?

[edwarddawn]

It’s a bit morose to bring up, but how difficult does a sprawling international banking presence make it for one’s heirs to settle one’s estate upon their passing… the varying laws regulations must be a practical nightmare?

[williammcguffin-uh]

can anyone tell me if its easy or hard to open a bank account in iceland and start bussiness

[shanerampersad]

hi good day I need to open a offshore acc in standard chartered I am from trinidad in the Caribbean what to and how thanks

[Carolinapetroska]

Some of the worst countries in Europe to try to open a bank account. All Baltic countries, Latvia will ask you a million questions some irrelevant and in the end will say no. Maybe it's for the best since the quality of their services is close to zero. Italy.