Protect Your Earnings From Thieving Bureaucrats By Opening Offshore Bank Account

Posted by Acme Trustnevis on January 28th, 2019

In the simplest terms, offshore banking is utilizing the services of a bank or financial institution outside one’s country of residence, which means that if you want to engage in offshore banking, you would simply need to invest or deposit funds to a bank in a country outside of your home country. The bank account that you have in your country of residence is what is referred as a domestic bank account.

Offshore banking is a powerful tool that help open up unique opportunities for you and provide a wide range of benefits such as:

• Diluting your political risk- Government has been posing an increasing risk on your earnings throughout history and continues to do so today as well. One of the best strategies to reduce your political risk is to place a part of your savings or earnings in an offshore bank account, which is outside of the immediate reach of thieving bureaucrats in your country of residence. Opting for offshore banking services in Nevis is apparently the most convenient way to do just that.

• Protection of your assets- By opting for a foreign account, you significantly reduce your chances of being an attractive target in the eyes of the government, which will ultimately help protect your assets.

If you want to open an offshore bank account, you will need to provide the following documents:

• Original bank account application (complete in all aspects) with notarized signature of signatory

• Original bank reference letter (ensure you get this by a Certified Public Accountant) or even an attorney original bank reference letter will do. These reference letters will need to be addressed to the bank in which the account will be opened.

• Copies of your passport, driver’s license, or any other recognized national identification card. Ensure that the copies are notarized.

• Copy of a recent utility bill that contains your full name and complete physical address. Original and notarized copies both will do.

• All the information submitted by you would be verified and this can take up to 10 working days.

Are you looking for offshore banking services in Nevis?

Find the right offshore banking services in Nevis by contacting some of the most reputed financial services based in Nevis that provide a wide range of administrative and corporate services, and can save you money by being your “one-stop-shop” when fulfilling your corporate needs by working professionally, quickly and accurately at a very competitive rate. 

Author’s Bio- The author is an avoid blogger and this article talks about finding right offshore banking in Nevis.