Offshore bank accounts

Accounts abroad

You are allowed to set up a bank account abroad. You need only inform the tax authorities. If you have a bank account in another EU country the transfer of information happens automatically. The banks are obliged to inform the home country if an EU citizen or EU company open an account with them. This means that banks in the countries not participating – Switzerland, Luxembourg, Austria and Belgium often refuse to open accounts for customers seeking anonymity.

Since this is EU legislation, restrictions are not applicable to customers or companies outside the EU wishing to open an account. This means you can use your offshore company to open an account in an EU country without being subject to disclosure requirements

There are many offers on the market when it comes to opening a bank account abroad – a so-called ‘offshore account’. A question that often crops up when choosing a bank is whether it is safe.

Make a safe choice 

It is important that the bank you choose is of considerable substance and has been in existence for many years. You must have complete faith in your bank provider, and this can be difficult when you are looking at a smaller bank operating from a tropical island.

We have the resources to offer you more than just one choice of bank and location. The safest and best solution is to draw on our long standing connection with banks in Liechtenstein and Switzerland. They all live up to the strictest demands for stability, accessibility and anonymity. The banks belong to some of the world’s largest banking groups and are any discerning bank customer’s dream.

We only work with banks that have a long term credit rating equivalent to or better than for example Barclays Bank. These banks can offer you accounts in practically any currency you may need and often allow subsequent conversions.

Anonymous offshore bank account combined with an IBC company
IBC: International Business Corporation

Normally larger amounts of money are a requisite when opening an anonymous offshore bank account. This is because many of those banks are very well established and experienced in their field and so avoid becoming involved with customers of ‘insignificant’ size.

However, we have built up a strong working relationship with these banks and are thus able to facilitate opening the door to the banks.

We can arrange for anonymous offshore accounts for both corporate and private customers, but we must advice against using the debit card attached to the account in your home country. This is because it is against the law to omit informing the tax authorities about the existence of the account and any interest earned. In order to adhere to international laws it is recommended that you set up an offshore company and let the offshore bank account be opened in the name of the offshore company. In this way your obligation to declare the account ceases and you are acting in accordance with the law.

Professional solution with many benefits

Our recommended solution consists of: an IBC offshore company, anonymous offshore bank account overseen by an asset manager / investment adviser and with the possibility of obtaining several debit and credit cards. With this professional solution you will be served by a bank that respects your privacy and offers you full confidentiality and bank secrecy. The offshore account is 100 % anonymous and easy to manage. You can access the account through online banking, and there is the option of obtaining a Master Gold card or debit card with the account. The bank’s asset managers are among the world’s elite and have delivered serious results over the many years.

In brief

• The safest and best solution is an account in Switzerland or Liechtenstein
• We offer anonymous offshore accounts for both corporate and private customers
• With an IBC company you avoid the need for disclosure

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