Offshore Bank Accounts

In this section you will find articles, guides and answers to your frequent questions on offshore banks, offshore bank accounts, foreign bank accounts, blocked accounts, accounts in e-wallets, crypto exchanges, bank litigations, capital flight


How to save cash in an anonymous safe deposit

How to save cash in an anonymous safe deposit

Why keep a cash reserve in an anonymous safe deposit? Because bank accounts can be attacked by the Tax Agency or by creditors, partners or spouses Your cash income can diminish drastically due to the forced closure of your business or the missed rent… Read more
How to open a corporate bank account in the United States

How to open a corporate bank account in the United States

The American banks usually demand the customer’s physical presence, as well as a series of documents before agreeing to open an account. Nonetheless, options have appeared so you can open a corporate bank account in the United States from the c… Read more
Open Banking is the future of banks

Open Banking is the future of banks

Sharing information on open banking  allows apps for mobile devices or messaging systems, like Facebook Messenger, WhatsApp and Telegram to communicate with the bank’s app and every type of operations can be carried out. The pandemic ha… Read more
LocalBitcoins scams has 187,000 searches on Google

LocalBitcoins scams has 187,000 searches on Google

If you search for “LocalBitcoins scams” on the web, you will see that there are various accusations by scammed users and others who have been victims of unjustified KYC  There are 187,000 search results for “LocalBitcoins sc… Read more
Banks of Panama Supervisory Authority updates “Know Your Customer” policy

Banks of Panama Supervisory Authority updates “Know Your Customer” policy

The “Know Your Customer” (KYC) process consists in sharing a series of information on its accountholders. The “Know Your Customer” process provides that each customer of a bank authorized to operate in the country periodically… Read more
The bank compliance procedure for opening an offshore bank account

The bank compliance procedure for opening an offshore bank account

If you are interested in opening an offshore bank account, or else in acquiring or registering an activity overseas and adequately diversify your personal or company patrimony, pay attention to the information below. At the time of asking an offsh… Read more
How to open an offshore bank account and where?

How to open an offshore bank account and where?

Table of Contents How to open an offshore bank account and where? What are the steps for opening an offshore bank account? Benefits from offshore bank accounts Personal bank accounts vs corporate accounts: which is the best option? W… Read more
What are the W8 or BEN W8 and the FATCA forms in the United States

What are the W8 or BEN W8 and the FATCA forms in the United States?

What are the BEN W8 and W9 forms and why are they important for ,those who have overseas offshore bank accounts? The W8 and the BEN W8 are a set of American tax forms which certify your tax status in relation to the American authorities, the IRS. … Read more
Why open a banking account in Northern Cyprus

Why open a banking account in Northern Cyprus?

Since 1974, the island of Cyprus has been divided between North and South from a “green line” that is 180 km long. Nicosia is the last European capital divided in two. Kilometers upon kilometers of golden sand and crystalline sea distingu… Read more
The Choice Bank saga never ends

The Choice Bank saga never ends

By Giovanni Caporaso Gottlieb, Panama’s Attorney at Law The nightmare for the account holders of the Choice Bank of Belize, placed in forced liquidation by the Central Bank of Belize doesn’t appear to have an end in sight, once again s… Read more
Belize exits from the blacklist of tax havens, but its banking system crisis continues

Belize exits from the blacklist of tax havens, but its banking system crisis continues

The European Union decided to take Belize off its blacklist of tax havens; however, the Central American country’s banking system continues to sink in a deep crisis and has lost all credibility in the eyes of the world. After Belize’s … Read more
Belize places two offshore banks in forced liquidation

Belize places two offshore banks in forced liquidation

In less than a year, Choice Bank and Atlantic International Bank, two offshore Banks in Belize, have been liquidated, by order of the country’s Central Bank. These extreme measures have provoked serious economic damage to their customers and ha… Read more
Where not to keep your savings

Where not to keep your savings

What can I do with my savings? Where can I safely protect them? These are the recurring the questions of those who have successfully kept a few savings and live, quite rightly, in fear of losing them. Keeping them under the mattress, with steadily gr… Read more
What to do about frozen accounts

What to do about frozen accounts?

There are various reasons why a bank or financial institution can freeze your bank or financial institution account: Your failure to comply with the KYC (Know Your Client) and AML (Anti Money Laundering); Because of a court order due to civil… Read more
The Death of Belize’s financial System

The Death of Belize’s financial System

Belize’s financial system is going through one of the most complicated moments of its history, between the abrupt closure of two international banks and the heavy accusations of corruption against the Governors of the Central Bank and for the i… Read more
How to open a bank account if you have bad credit

How to open a bank account if you have bad credit

Table of Contents Who is a client with bad credit or at risk? Can a person with bad credit open a checking account? The characteristics of a checking account for credit risk clients How to find an account for credit risk clients What… Read more
New options of prepaid debit card

New options of prepaid debit card

Unfortunately, Visa and MasterCards have cancelled most of the offshore programs offering prepaid debit card services from various offshore banks. Programs are now geographically limited. If you are a European citizen or resident, you may apply … Read more
Know the real causes of capital flight in the world

Know the real causes of capital flight in the world

Capital flights have been identified by the countries that impose the most taxes on their citizens as one of the main causes of the low growth of national economies. In a defamatory publicity campaign, supported by more than a few communication media… Read more
Frequently Asked Questions about offshore banking

Frequently Asked Questions about offshore banking

The times of numbered and anonymous offshore bank accounts are over. It’s no longer a question of being rich or poor; opening an offshore bank account today is almost impossible. The new international regulations force banks to identify their c… Read more
The fake banks of the Comoros Islands

The fake banks of the Comoros Islands

By now, this scam’s scheme has been going on for two decades, but there are still a lot of people who are being scammed. The other day a friend of mine called, asking me how he could cash a check from a bank in the Comoros Islands, the Soci… Read more
How to open a bank account abroad

How to open a bank account abroad

The days when banking secrecy was one of the strengths of financial institutions is part of a recent past that will never come back. Therefore, the farewell to anonymity is definitive. Today, opening a bank account abroad is very complicated, because… Read more
Legal claims on Cryptocurrencies

Law firms specialized in cryptocurrencies litigation

Bitcoin, Litecoin, Ethereum, Dash, Ripple and Zcash are the most widely used Cryptocurrencies nowadays and together, they make up a multi-million dollar decentralized market, but not without problems. Initial fraudulent currency offers (ICO) and unpa… Read more
Panama's banks affected by the blacklist of the European Union

Panama's banks affected by the blacklist of the European Union

Panama’s banks could be affected by the European Union's decision to include this country in a list of 23 nations with insufficient/weak controls against money laundering and terrorist financing. However, the Panamanian government has tried… Read more
How can one establish a bank?

How can one establish a bank?

The dream of so many people is to have their own bank. But the wrong thing is having in mind, that as a bank owner, you can do whatever you want. Every bank and financial institutions must comply with the laws of the jurisdiction where they are incor… Read more

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