EXPERT EXPLAINS: Offshore Bank Accounts [Update for 2024]

[@GlobalBankscom]

Get your free offshore banking guide here: globalbanks.com/offshore-bank-account-opening/

[@milo23-v4s-z7y]

😮 very interesting, thank you. Just send your link to septic people, they if you move other countries you cannot trust banks system etc. :)

[@francisco1882]

Very good analysis, especially what you said about Panama, which I use for off shore accounts as a person of a low resources.

[@GlobalBankscom]

Thanks for the feedback! Glad to hear you're using Panama banks the 'right' way. If you liked this video you'll probably also enjoy the one we just released covering 11 other countries... though this list is where you should never bank! kzbin.info/www/bejne/boSaiIqcf89ql6c

[@khenieladlam2343]

Not all heroes wear capes 🫡

[@mikaelmagnusson3225]

And which rank do you give the US on this list as an none US Citizen?

[@nonameanon9368]

1) Why did you pick Panama over Uruguay and Belize besides Dollarization? 2) Why did you pick Jersey and the Isle of Man over Guernsey? 3) Which Asian jurisdiction would you pick after Signapore and why? Please rank an order Hong Kong, Macau, Japan, South Korea or other? 4) Which countries would you rank the top 3 for banks in the Pacific besides New Zealand? 5) Besides UAE which 3 countries in the Middle East have the best banks and why?

[@GlobalBankscom]

We share another 5 countries in the free guide you can download. Some of your questions will be answered there. Also, Chris is sharing the countries you should avoid banking in next Wednesday and a few of your questions are answered there! 1. Watch our video next Wednesday for the answer. 2. Covered in the guide. 3. Covered in the guide. 4. Watch our video next Wednesday for the answer. 5. Watch our video next Wednesday for the answer.

[@GlobalBankscom]

We just posted a video that speaks to your questions #1, #4, and #5... plus it has a ton of other important insights. Find it here: kzbin.info/www/bejne/boSaiIqcf89ql6c

[@rauftahir13]

Informative

[@GlobalBankscom]

Thanks! Chris is going to be sharing the countries you should avoid (that everyone else tells you are good) next week. So make sure you're subscribed!

[@DavidDusseldorf-nc1oy]

@@GlobalBankscom Cook islands bank and Belize are just so bad

[@johnM-Jr]

Chris, how are brokerage accnts w schwab,fidelity managed and protected when using offshore? use an llc or trust w the brokerage?

[@GlobalBankscom]

It depends on the broker and where the account is domiciled. For example, US brokerage accounts are protected on the customer level by the Securities Investor Protection Corporation (SIPC). Certain brokers have additional coverage, which typically offers significantly higher coverage on the account level. That said, each broker is different, and you should check their specific coverages before opening.

[@beautifulandfunnypetmoment7591]

I'm in Nigeria. I'm I eligible to open an offshore account in any of the mentioned countries?

[@GlobalBankscom]

It's going to depend on a number of different factors. But, yes, banks in some of the countries mentioned can accept Nigerian clients. Drop us an email and we can take a closer look for you [e-mail]

[@hopkinsterrance7006]

@@GlobalBankscomWhat about Americans who live overseas ? Most offshore banks even refuse us Americans living overseas.

[@GlobalBankscom]

@@hopkinsterrance7006 we have something special coming out for Americans tomorrow!

[@GlobalBankscom]

@@hopkinsterrance7006 just letting you know the video mentioned in the last comment is now live - here you go: kzbin.info/www/bejne/bJiVm3R3mNN8jM0

[@hopkinsterrance7006]

@@GlobalBankscom Thanks for the video. There are so many restrictions for Americans who don’t even travel to USA anymore for a decade like me. The compliance managers tell me please bring a non US passport to me to make our team happy. I told them I report my accounts to IRS anyways as I don’t have millions to hide my account but this has become a compliance nightmare for the banks to deal as you can understand. Some of the investment firms are also off limits to Americans living overseas for decades.