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OPENING A FOREIGN BANK ACCOUNT As almost everyone knows, opening a foreign account has become increasing difficult. Nations are cooperating between nations to curtail money laundering activities. Whether you open a bank account or wish to form offshore structures, you need to submit a notarized copy of your passport and provide professional and bank references. If you come to our firm to help you, we will require what is considered necessary in the way of documentation, or we will be unable and unwilling to help you. Fortunately, our firm has never had a complaint filed or any kind of investigation. We work only the highly reputable trustees and corporate officers, such as correspondents of Deloitte. Even with a large amount of cash and the finest references, opening these accounts is a complicated process. Further, when you form new structures, you will probably do it in a way to avoid incident of ownership. Therefore, the trustees will be the ones to open the accounts for you. This is done at very reasonable fees and usually can be done expeditiously, if the paperwork is completed. Below we have listed some of what we consider to be among the top banks, both commercial and private. We will be delighted to refer you to the trustees whom we use. In most cases, you will be able to arrange a letter of credit for your opening bid deposit. Saul Larner, Ph.D., LL.M. LIST OF BANKS/BANK ACCOUNT OPENING PROCEDURES
PRIVATE BANKS
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