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We can assist you to open offshore bank accounts anywhere, we usually recommend to incorporate a new offshore company and open a bank account in Caribbean countries for several reasons: the minimum opening balance is US$1,000.00; opening documentation is simple and straightforward; it is in a convenient time zone for both the United States and Europe and, if you or your company have any special banking requirements or any problems with the bank, it is easy to get assistance to solve your problems .
For high net worth clients it is better to look for Banks in Austria or other European locations and Bahamas; minimum opening balances are typically US$25,000.00 for such banks. Once a corporate bank account has been successfully established and has a proven record, it is a simple matter to open bank accounts or trading accounts in other jurisdictions if you so desire.
Access to accounts can be by Internet, Fax, post, courier, telephone, or telex. It is a simple matter to send a fax request for any transfers that are required, using a code word to confirm your identity to the bank..
Bank statements, credit/debit slips and other bank correspondence can be sent directly to you by the bank by E-mail or by courier. Bank wire transfers are the fastest and most efficient method of sending and receiving funds. Bank drafts or cashier checks may also be used. Western Union or American Express is also available. Travelers cheques of up to US $5,000 can be sent by courier or post for deposit to the account. Most Offshore banks do not accept cash deposits.
International checks are a problem because of the length of time that they take to clear through international clearing houses. Funds are not usable until the checks have cleared and this can take at least a month, if not more. A better method is to send a bank draft or cashier's check for deposit. Some banks will not accept cheques over US$5,000.00 without special authorization in advance.
Please note that offshore banks do not carry deposit insurance. If you expect to deposit large sums of money, you should seriously consider opening accounts at several different offshore banks.
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