How Bahamas resident open account with international bank as They do not accept Bahamas resident ?

[troubled soul]

If someone let's say Non EU passport holder. move to Bahamas for retirement ..
How Would he invest money international market?
As Most bank does not accept Bahamas resident .
How they buy US, EU stock if they want to buy ?
How their international portfolio look like ?

 

[JohnnyDoe]

True, many banks don't like Bahamas residents. But no bank can check where you actually reside. So you might solve the problem with an utility bill of a property you own somewhere else. Or use our friend Mr. Photoshop.

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[Marzio]

Tell them Johnny from OCT sent you!

 

[Martin Everson]

Very easily actually you‍ use IBKR, Saxobank, Charles Schwab, Tradestation etc etc etc. I think even Swissquote do but⁠ never tried them. I have not even mentioned the Asian brokers I use...lol.

Most retail banks⁣ do not. But Private banks accept Bahamas residents all day long cig-:,.

As I mentioned above international brokers work all day︀ long. You can buy US, EU stock through them. No idea what the next man︁ portfolio looks like as I am worried about my own btw smi(&%.

 

[Dom pedro]

I am very interested in those asian brokers. I am moving to Paraguay and love to⁢ know alternatives to IBKR (it seems like the only exchange that supports the country)

 

[jjrapy]

Depending on what you’re looking there are options like⁠ tradestation, t212, questrade, zacks trade..
only tested ibkr and t212 so long

 

[Dom pedro]

Thank you! For me‍ it's really nice to have access to OTC, Canadian stocks and if possible other countries.⁠ Do you know if Swissquote would onboard a paraguayan resident?

 

[jjrapy]

Really don’t know, it was on my radar but with⁠ their fees weren’t advantageous for me (small amounts). I think they will, but have no⁤ experience with them.

 

[Fred]

Yes they do - general speaking Swissquote is the most⁠ affordable broker when it comes to brokers onboarding a bit more exotic jurisdictions.

 

[jjrapy]

Thanks the‍ good Fred!
@Dom pedro I choose T212 because they allow funding via debit and credit⁠ card, just in case you want to consider

 

[Dom pedro]

What is your plan for cashing out? Do you have a bank in Paraguay? Or⁠ do you cash out to a bank abroad and use its debit/credit card there? I⁤ have many options if I use my current residency, but I might lose them whey⁣ they notice I am not in the country anymore. Also I would prefer to avoid⁢ CRS reports to my local tax office.

Thanks! Do you think they would open an account for︂ a foreign owned USA LLC? I just opened one in case I am completely unbanked︃ in the coming months, as it may hard to open accounts as a paraguayan resident.︄

 

[jjrapy]

Actually I’m⁣ Paraguayan, so I do have local accounts.. but maybe in the future I could think⁢ in cash out abroad.

 

[Fred]

No - they don't deal with US.