Category: Offshore Banks
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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…
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Offshore investing and Private Banking
The term ‘private banking’ is becoming so prolific that it’s close to losing the prestige that once connected to the intensely secret relations between a bank and its wealthy clients. Traditionally, international banks have required a minimum deposit of $100,000 to ear preferential treatment but over the past years this minimum has been reduced to…
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What is FATCA?
FATCA, or the Foreign Account Tax Compliance Act was passed as part of the HIRE act of 2010. Designed to take United States tax compliance beyond the borders of the United States and into foreign territories to prevent the loss of potential billions of dollars in tax revenue, FATCA tightens compliancy standards and increases transparency…
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The Truth About Swiss Bank Accounts
It seems exotic and dangerous and exciting when we hear someone has a Swiss bank account. It’s for ultra-dangerous super spies or mega-rich Hollywood stars. Truthfully, there’s nothing illegal or particularly glamorous about having money in a Swiss bank. In fact, Swiss banks are very eager to have outside account holders especially those from western…
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Top 50 Safest Global Banks
For banking safely, global citizens had better go to the local government. And pretty much avoid the U.S. At least that seems to be the take away from Global Finance Magazine’s ranking of the world’s safest banks. The top 9 banks in the magazine’s World’s 50 Safest Banks list are all state-backed institutions. The No.…