There are a few things you should know when opening an offshore bank account, even though today, according to their characteristics, they can be considered as “normal” bank accounts.
A lot of “regular” countries, also known as being “offshore havens”, as well as their banks, usually accept foreigners.
What you need to remember is to always look professional when you go to the bank, to be prepared to tell details about yourself and your business, as well as the reasons why you want to open a bank account there.
Finally, apart from the traditional offshore bank account opening, where you have to be physically present, there are some other options, such as remote bank account opening and app-based banks.
But be careful, as they can be less reliable and efficient, as well as time-consuming.
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Andrew has spent the last 11 years studying and personally implementing the Nomad Capitalist lifestyle, and has started offshore companies, opened offshore bank accounts, obtained multiple second passports, and purchased real estate in a total of 20 countries.
He has also spent years creating a behavior-based system that helps people get the results they want faster and with less resistance. Andrew believes that everyone can use offshore strategies to keep more of their own money, live a life of freedom, and grow their wealth faster.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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