Offshore banks are generally banks that are dedicated to working with VIP clients with private bank service and much more interested in promoting investments; however, there are also small offshore banks that don’t disdain commercial accounts and small deposits. Generally, offshore banks don’t like opening accounts where 1000 are deposited and then 999 are withdrawn; these are considered transit accounts with risk of laundering. If you don’t have a large business volume, you should alternate between both types of banks so that the bank’s control system doesn’t give an alarm for deposit and immediate withdrawal of your funds.
This depends on your income, the economic activity engaged in, the available balance to deposit and the level of privacy you desire. Banks have an A classification, just like stars for hotels; the best are the big AAA banks which are the most uncompromising. Actually, they want nothing to do with poor clients. Therefore, what you have to ask is not which is the best bank, but which bank will accept me?
There isn’t a set rule. Obviously, if you already have contacts with an offshore bank or a millionaire friend who has them, it will be easier to obtain a special treatment. You can also go from bank to bank and negotiate terms. For example, a small Swiss bank would have less strict requirements than a big Panamanian bank.
Impossible. You can increase your privacy by using name lenders, fiduciary services, or e-wallets like PAYOPM.com. All these systems offer a degree of anonymity, but these services are obviously subject to controls and whoever offers them will want to know with whom they are dealing.
The agents or representatives of a financial entity are generally not owners of a bank and can’t guarantee that an account can be opened in a determined bank. Paying for the service of opening an offshore bank account, the intermediary agrees exclusively to prepare the papers that are necessary for opening a bank account in the chosen bank and country. Keep in mind that opening an offshore bank account isn’t as easy as you might think; therefore, it’s possible that you and/or your intermediary won’t obtain the account or that the bank opens the account for you and later closes it. In this case, you will lose the money spent for the paperwork and will have to start over from the beginning, facing a double expense.
Unfortunately, pressure from industrialized countries is strong and more and more banks prefer avoiding the risk of multi-million dollar fine or accounts being closed in the corresponding banks. If a bank has been signaled as being suspected of money laundering or of facilitating money laundering operations, or any other crimes, it could lose its license or they could close correspondent accounts so that, in practice, it is impossible for the bank to operate. If you were the owner of an offshore bank, you would do the same thing: you would eliminate the small clients who provide little profit and expose the banks to the same risks as a big client.
There are other types of financial or non-financial institutions that allow you to transfer money: financial, insurances, stock and forex operators, payment systems, money transfers via MoneyGram or Wester Union, Bitcoin and other electronic currencies and e-wallets like PAYOPM.com. Each of these systems responds to very specific requirements. Generally, people don’t have much trust in alternative systems, especially in regard to savings or hard-earned income. These days, however, the world banking system is in danger and so it’s necessary in any case to investigate to whom you are entrusting your money. There are no risk-free operations and even hiding your money under your mattress is risky because you could be robbed in your home.
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