Wednesday 20 June 2018

How to open an offshore bank account

This last type of account requires an advanced structure. This is mostly an offshore trust that also has a hired investment manager. The investment manager should be in the same country as the bank account is being opened in. The advanced structure helps provide more security to the valuable assets of the company. The trustee and investment manager have a degree of separation in this advanced structure approach. Surprisingly, this helps to open up such an account rather easily. What is required is that the owner signs and fills up the required documents. These can be posted to the country of the bank. In certain cases, some banks will want to personally meet the applicant before opening the account. However, this is the least stressful method of opening such an offshore account.

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