You can find internet sites offering to help you get a private offshore account, but choose carefully; some have established ‘real-world’ businesses behind them, and some are no more than a few web pages and a couple of guys in a back room.
Private offshore accounts are usually for high-net-worth individuals; you should have at least $100,000 to deposit. Then you will be welcomed with open arms, after the necessary due-diligence has been carried out.
Due diligence means the responsibility to check that an entity is who they claim to be, and that they have no criminal associations.
You will have to provide a notarised copy of your passport, one or two bankers references, and a copy of a utility bill from your current address.
Simplicity of operation may be even more important than lower taxes. Different countries obviously have different banking and tax laws, and there may be great differences between them. Keep this in mind when looking at suitable private offshore account options.
Private offshore accounts: very handy these days, as reduced tax liability, general asset protection, operation simplicity, and other features make this...
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