Where to bank outside of US influence?

[howyoudoin]

When US imposes a sanction for a country, most countries follow US. If you live in a country that's sanctioned, then you no longer can use banks/brokers of most countries.

If you find yourself in that situation, where can you go? Where to bank outside of US influence?

What I heard = Russia, UAE, Georgia. What about you? What would be a good option out of alternatives?

 

[bizniz]

It is all case by case. Cuba... Venezuela... Iran.... all different cases but they all‌ still have friends around the world.

 

[howyoudoin]

Can you elaborate?

 

[LondonOTC]

Hong Kong is also a good option now if you work with a local bank‌ with no US branches

 

[howyoudoin]

Are you sure? I saw news‍ of Iranian passport holders in Hong Kong getting their bank accounts closed.

 

[JackAlabama]

Well, HK has its own stuff they‍ do not like almost every place. They also can be tricky with Latin America and⁠ Russia I have been told.

Georgia is pretty much on us/eu line. The fact they⁤ do not care might be due to very limited resources and low development and basically⁣ them needing every lari they can somehow get their hands on.

Russia, good luck banking⁢ there as a foreigner 😉

 

[LoveMyLife]

If you understand how fractional banking works, you can not bank anuywhere in a world‌ in USD currency if you bank aoutside US influcence. So first point - not in‍ USD - does not matter in which country.

Georgia still accepts iranians. No one know⁠ how long will it last.

Banking in asia is usualy possible also fro people who⁤ are citizens of blacklisted countries, if they are citizens of neighbouring countries. So if you⁣ are iranina, you can bank in Turkey.

 

[bizniz]

Turkey is one of the places that is accepting most people for personal accounts and‌ they are not too fussy.

 

[LoveMyLife]

Have you ever tried? I‍ have. If you are not a tiúrkish citizen or turkish resident or citizen or resident⁠ of one of neighbouring countries, the most often answer is: NO WAY.

The best chance⁤ it in Istanbul and Ankara. The most of bankers does not speak english. Their internet⁣ banking is a nightmare and it is very common to have IB in turkish language⁢ only.

 

[JackAlabama]

You can become turkish⁣ citizen with investment

 

[LoveMyLife]

Yes. you can.‌ If you are willing to invest.. But once turkish citizen, your deposits are not secure‍ from the goverment..

 

[howyoudoin]

How does that work?‍

 

[LoveMyLife]

Just buy real estate anywhere in‌ a country worth at least 250,000 Eur and use service of any local immigration lawyer..‍ conditions are very easy and if you are not internationaly wanted criminal, you can become⁠ turkish citizen..

 

[howyoudoin]

I mean⁠ this "But once turkish citizen, your deposits are not secure from the goverment.."

 

[LoveMyLife]

Depends on how you set up your structure. If you‍ will have a company in a foreign country, which will won a turkish company and⁠ that foreign company will be from a country which as a treaty with a Turkey⁤ about foeign investmen safety, you are OK.