PErsonal offshore bank account, how please?

[MyFred]

I want to know how I can open a personal offshore bank account fast? Can I avoid to pay tax if I open it personally? I can't afford to open a company or keep my current company at moment


Any help please?

 

[JohnLocke]

It is the same way as if you open a corporate bank account, copy of passport and utility bill is all what is needed. Just bear in mind, you don't have any protection nor privacy when doing it this way. At least not with the majority of offshore banks.

 

[MyFred]

Why I don't have portection I was understanding that this is the whole point to have offshore bank account? How can I get better protected private then?

 

[JohnLocke]

Only way is to have a offshore company to open the account. That's much better also in regards to tax avoidance or reductions in case your country has signed any TIEA!

 

[MyFred]

Best for me is to renew my company or wait and register a new offshore company when I have money to do so right?

 

[lavel]

Best for me is to renew my company or wait and register a new offshore company when I have money to do so right?

YES - Don't ever open a private offshore account if you want to avoid your personal data exchanged in any stupid OECD program. You always want to have a company behind you and doing business, so open offshore accounts on behalf of you. If you speak to a local tax lawyer he will be able to help you setup a structure that comply to the OECD laws and local Tax laws and you will still get great tax reduction if done right.


You can't do that if you open a personal offshore account. That would bring all red lights ON at your local tax office once they find out you have an account there.

 

[MyFred]

Oh I see, only so option is to get Seychelles or other offshore company to hold offshore account, true?

 

[JohnLocke]

I don't say it is the only option but it tis one of the options possible to anonymize your entire setup.

 

[MyFred]

Is it best and cheapest option or can we use other to anonmize the company, what is the cheapest way doing this?

 

[averagejoe]

Is it best and cheapest option or can we use other to anonmize the company' date=' what is the cheapest way doing this?[/quote']
Seychelles corp and Cyprus banking for sure at all time. So far I have not seen anything better for privacy protection.

 

[wonderwilly]

I want to know how I can open a personal offshore bank account fast? Can I avoid to pay tax if I open it personally? I can't afford to open a company or keep my current company at moment
Any help please?

Like most have said already you don't want to open a personal bank account. Safe some more money up and buy a Seychelles IBC to open the account!

 

[mert]

A personal account could be useful if you are monitored by your tax office, so you show them this personal offshore account and the transactions made there from which you have paid tax.

 

[DeMajor]

If I want a personal account in some offshore country because I receive money from my offshore company's bank account would this be the same insecure solution?