Regardless of your reasoning, having an offshore bank account can provide a myriad of benefits. However, a major challenge that you may have is in finding offshore bank accounts that can be trusted sources to hold your wealth until you need it. Finding the right place can make the difference between getting your funds back when requested and having things like severe fines, penalties, and even a loss of the funds. Let us take a moment to list a few locations where to open an offshore bank account. Listed for their safety and security as well as tract record for providing superior service, these suggestions are all good places to investigate.
Looking For the Right Set Of Things
If you are looking for a place to invest American capital, then you have several different options. However, those options will be limited by a series of factors that you have to consider. First, be aware that there are many offshore bank accounts that open their doors to Americans. Be also aware that many of these countries lack the stability necessary to make the decision of putting money in safe. Second, there are many very safe havens for money that have no interest in American funds. For example, some of the most popular places in the world to store funds include parts of Asia and the Middle East. They typically do not have interest in American customers because they are earning far more from local individuals or those from other countries. So, what you will need is the right combination of interest in American accounts and stability.
1. Singapore
Often seen as the gateway to western development of Asia and Southeast Asia, Singapore is a city state that survives off of being a commercial and business mega star. Placed far above countries with tens of thousands of square miles more of land and resources, Singapore is thriving due to their stability and orientation towards business focused individuals. The end result is a peaceful city that makes an incredible place to store wealth. As a final consideration, fees are usually low with Singapore as reflected by the government's ”˜pro-business' stance.
2. Belize
A country on the eastern coast of Central America, Belize has become something of a popular destination for wealth leaving the US. Beyond an FATCA fee and monthly fee, you can store large amounts of money in banks located in this country. At the same time, Belize lacks the same refinement as say Swiss banks, and you may not always have the access you are looking for. That being said, it is still a very safe place to store your wealth.
3. Saint Vincent and the Grenadines
A series of islands located in the Caribbean, there are many banks in the country that cater to holding American capital. Offering a range of features and relatively low fees, you get selection at the cost of prompt service. Still, it is a trusted source that you can develop a relationship with and count on when needed.
Looking For the Right Set Of Things
If you are looking for a place to invest American capital, then you have several different options. However, those options will be limited by a series of factors that you have to consider. First, be aware that there are many offshore bank accounts that open their doors to Americans. Be also aware that many of these countries lack the stability necessary to make the decision of putting money in safe. Second, there are many very safe havens for money that have no interest in American funds. For example, some of the most popular places in the world to store funds include parts of Asia and the Middle East. They typically do not have interest in American customers because they are earning far more from local individuals or those from other countries. So, what you will need is the right combination of interest in American accounts and stability.
1. Singapore
Often seen as the gateway to western development of Asia and Southeast Asia, Singapore is a city state that survives off of being a commercial and business mega star. Placed far above countries with tens of thousands of square miles more of land and resources, Singapore is thriving due to their stability and orientation towards business focused individuals. The end result is a peaceful city that makes an incredible place to store wealth. As a final consideration, fees are usually low with Singapore as reflected by the government's ”˜pro-business' stance.
2. Belize
A country on the eastern coast of Central America, Belize has become something of a popular destination for wealth leaving the US. Beyond an FATCA fee and monthly fee, you can store large amounts of money in banks located in this country. At the same time, Belize lacks the same refinement as say Swiss banks, and you may not always have the access you are looking for. That being said, it is still a very safe place to store your wealth.
3. Saint Vincent and the Grenadines
A series of islands located in the Caribbean, there are many banks in the country that cater to holding American capital. Offering a range of features and relatively low fees, you get selection at the cost of prompt service. Still, it is a trusted source that you can develop a relationship with and count on when needed.
