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I was with them before. No issues. Talked to customer service. holding only ETFs domiciled in Ireland (US estate tax is very well explained at bogleheads "How to avoid the tax pitfalls"). Thanks.

What other bank should I approach? Isn't it a disadvantage having just one bank even with booking my assets in different jurisdictions? I have noticed VP Bank holds several banking licenses in different countries. I agree. IBKR is just a temporary solution and only for FX exchange. Valid...

Does my approach makes any sense and are my broker/bank picks a viable solution? I am seeking for advice and recommendations in what direction I could look further.

Hello, I aim to diversify my securities from recent inheritage (8 figures) across multiple banks/ brokers and jurisdictions. My purpose is to avoid having all eggs in one basket and having multiple contingency plans if sh*t hits the fan. Most of the money is investing in ETFs and bonds, index...

Hence bank with your local bank.

Which jurisdiction? They are in CH, LU and UAE. Check their websites accordingly. Please not that in CH there's a stamp duty on top.

For investing purposes into the usual stock market I recommend SC SG. I haven't had an issue to open a private bank account as priority banking client with them (no wealth management though). Can't speak for business matters.

Are UBS / CS and LGT ok with only self-directed accounted even at large sums or do they force you to buy their mediocre mutual funds? In 2019 UBS insisted that people buy there products or they would charge 10x the fees for foreigners. IMHO prices in Switzerland are more competitive than...

any update @manilobino ?

Indeed, it is relatively accessible. If you don't have a shady history, proof of funds, red passport and low risk residency, there's no red flag.

Click on his banner and drop him an e-mail.

Distribution of money, holding funds with them, securing my assets against inflation and asset protection and furthermore, investments in SEA. As the funds are legit and personal acc, no unusual questions have been asked. are you sure? you can remit money without fees for decent exchange rates...

SC SG Priority Banking yes. White money, proof of source, legit, western passport, no high risk client. Dropped them a mail and asked for assistance with XX $ of funds and asked for personal appointment to open the bank account and what else do they need. Was a pretty straight forward process bc...

Personal bank account even without residency: Standard Chartered Singapore and DBS. Depends on how much money you will carry on. Personal visit is required. I prefer SC SG and their Priority Banking option (not wealth management).

Yes, nominee is here the key. With 500 EUR you won't come far. An LLC is a pass-through tax entity so your nominee may get some visit from the IRS. Please revise your plan and at least your budget for your endeavour.

where do you want to open your trust? your budget might be a way too low (gut&günstig geht hier nicht.) What exactly are you trying to accomplish?

what is your budget? what is your residency / citizenship? Where's your trust located (and how without a trustee)?

Who do you bank with, if you don't mind to share? What would be the purpose of using a private bank like LGT? Do you know if they offer self-directed accounts?

@Fred thank you. Do you have any experience opening a single family office free zone company in DMCC and/or DIFC? I've seen DMCC offers a SFO license. Abu Dhabi (ADGM) offers it as well. Does that make any sense if you just need solid visa for immigration purposed on a long-term basis?

Is this still a viable option? What happens if you go with a freezone company and opt for the upcoming audit starting in 2023 to avoid the 9% CT and there's absolutely no activity? Blank audit? Does @Fred may have more information?