Category: Offshore Banks
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Passive Foreign Investment Company (PFIC) Problems
For U.S. persons it is absolutely correct that you should engage in diversification of investments and assets overseas. However, the difficulty with much of the information received from a blog or Google search, no matter how attractive it might seem, is completely out of date. All the points sound great if you say them quickly.…
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Offshore Bank Account For Mid-Size Clients
[box type=”info” style=”rounded”]BREDER SUASSO Sets New Standard In International Banking – Launches The First Offshore Bank Account For Mid-Size Clients With A Minimum Deposit Requirement, both private and corporate offshore accounts for corporations registered in any of the major offshore jurisdictions, such as Panama, Hong Kong, UK, Belize, BVI, Seychelles, and as fast as 72…
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Investors Offshore Bait and Switch
The two biggest problems to most offshore structures is Reporting & Liquidity. Their reporting is complicated and expensive and their liquidity is none! Some complicated structures require high intensity tax filings, often times these structures were created by the person you pay to do your tax filing. Imagine buying an offshore structure, from the person…
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The FATCA Dirty Dozen
Legal challenges that US persons have to deal with, living overseas. The following legal challenges are extremely problematic for USA persons: No foreign bank will open an account for a US person or US person beneficiary.(Other than a bank of the overseas employer for their income overseas) No offshore brokerage will open an account for…
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U.S. offshore banking industry strikes back at FATCA IGAs
Diego S., a wealthy Latin American media executive, travels frequently on business between his home city in South America and New York City. He usually prefers to take a flight with a Miami stopover rather than one of the two daily NYC bound non-stops. The Miami stop is not about visiting relatives or even shopping,…
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Euro Pacific Bank a Model for Offshore Banking
Euro Pacific Bank is headquartered in St. Vincent and the Grenadines where it is licensed and regulated by the I.F.S.A as a Class A International Bank. With the strictest privacy available, Euro Pacific Bank does not engage in speculation, lending or trading with client funds and all deposits are held with a 100% reserve requirement.…
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Offshore Banking Intermediaries
Private investors and organizations have safely and routinely used offshore banking for years. Truth to tell, there isn’t much difference in the service and benefits between the bank down the street or one in Belize. The banks offering offshore accounts to foreigners are well established and offer online banking options, credit or debit cards and…