Accounts can be opened in a foreign jurisdiction in your name, the name of a corporation or the name of a trust. Opening an account outside of the U.S. has become a challenge lately do to changes in laws regarding money laundering, terrorism and income tax evasion. It is perfectly legal to open an account in another county. There are no laws against it. There are reporting requirements that must be made to the U.S. Treasury department concerning foreign accounts. There is no legal way around those reporting requirements. Even if you use a nominee signer, officer and shareholder, reporting is still required.

Offshore bank accounts may be opened in either a personal name a corporate name or the name of a trust. The banks typically require a notarized copy of your passport or driver’s license. Then a letter from your bank and or a letter from an attorney or CPA will be required. Usually a copy of a utility bill in your name is requested in order to prove where you live.

We have a wide variety of first class banks that are available for you to open an account. The banks range from Asia to the Caribbean and on the Europe and Switzerland. Please call us for more information.