The main reasons for offshore bank account opening are secrecy, confidentiality and the protection of your assets, which includes savings, royalties, dividends and corporate profits.
Offshore banking means that you have a bank account outside of the country in which you reside, usually in a location with low tax jurisdiction.
With World Offshore, you can open an offshore bank account without traveling and. Offshore online banking is a great way to manage your finances, no matter where you reside in the world. You can operate your account online from all over the world.
There are two type of the bank accounts – Private and Business. See below for more information:
World-Offshore has a network of partner banks in the following jurisdictions:
- St. Vincent and the Grenadines;
- Cyprus (EU);
- Latvia (EU);
- Austria (EU);
- United Kingdom (EU);
- Liechtenstein (EEA);
- United Arab Emirates;
- Hong Kong.
How long does it take to open an offshore bank account?
Most banks will state on their websites that it will only take a maximum of 3 days to successfully open a bank account once all the bank forms are completed and supporting documents are submitted. This is rarely the case. It can actually take between 2 to 3 weeks for an account to be opened. Usually the banks will ask for more information and supporting documentation and their compliance teams will analyze the information provided for about a week before confirming an opened account.