Depends on how much money you're talking about and your goals. If you're talking about lots of money and wealth management then sometimes places like Switzerland, the US, Singapore. Sometimes UAE if you do a residency permit there, sometimes HK if you want a really good credit card for reward points. I usually recommend getting a brokerage account through IB or similar. If you're dealing with small amounts of money services like transferwise are good unless you're dealing with a lot of cash.
A lot of the banks in Montenegro are foreign banks operating domestically. Depends on your needs and volumes of money but I'd rather have money in Hungary, Bulgaria, Switzerland, Georgia if you're using it for specific purposes. Etc.
REPEATED COMMENT FROM OTHER VIDEO: I'm a 28-year-old seeking to create an LLC with my girlfriend to create a real estate company (for acquiring, renting out and eventually selling property). We want to have various approaches to real estate (REIT stocks, international holdings and Agricultural) and have this as another revenue stream for us as we get older. We would also like this as a Plan B residency door (using a Montenegrin company) while living in Georgia (essentially 1-3 Months in Montenegro; yes I know we'd have to reapply for a permit) but i've been advised I have some structural problems here. Is it really just if you intend to live there for most of the year OR a side company with limited expansion? Is it because there's too much of a proposed load for Montenegrin banks to be the primary real estate company with international investments? I also saw that one may need a place to stay for a residency (not much sense if I'm in Georgia most of the time). What's a good offshore jurisdiction for a real estate company that may have immigration benefits? We will start small but hope to build over many years. Thanks Mike!! Fellow Canuck here
![Avoiding taxes with offshore bank accounts [2020]](http://i.ytimg.com/vi/MJzucHipl1c/mqdefault.jpg)
![Avoiding taxes with offshore bank accounts [2020]](/img/tr.png)
Then, which is a good country for personal banking?
Depends on how much money you're talking about and your goals.
If you're talking about lots of money and wealth management then sometimes places like Switzerland, the US, Singapore. Sometimes UAE if you do a residency permit there, sometimes HK if you want a really good credit card for reward points.
I usually recommend getting a brokerage account through IB or similar.
If you're dealing with small amounts of money services like transferwise are good unless you're dealing with a lot of cash.
Is there private banking in Montenegro with large balance customers/businesses? And if not Montenegro, where in the area.
A lot of the banks in Montenegro are foreign banks operating domestically.
Depends on your needs and volumes of money but I'd rather have money in Hungary, Bulgaria, Switzerland, Georgia if you're using it for specific purposes. Etc.
@@MichaelRosmer Thank you... When we get to structuring phase I will reach out.
@@VERTICALWisdom sounds great look forward to it
REPEATED COMMENT FROM OTHER VIDEO: I'm a 28-year-old seeking to create an LLC with my girlfriend to create a real estate company (for acquiring, renting out and eventually selling property). We want to have various approaches to real estate (REIT stocks, international holdings and Agricultural) and have this as another revenue stream for us as we get older. We would also like this as a Plan B residency door (using a Montenegrin company) while living in Georgia (essentially 1-3 Months in Montenegro; yes I know we'd have to reapply for a permit) but i've been advised I have some structural problems here. Is it really just if you intend to live there for most of the year OR a side company with limited expansion?
Is it because there's too much of a proposed load for Montenegrin banks to be the primary real estate company with international investments? I also saw that one may need a place to stay for a residency (not much sense if I'm in Georgia most of the time). What's a good offshore jurisdiction for a real estate company that may have immigration benefits? We will start small but hope to build over many years.
Thanks Mike!! Fellow Canuck here
is it worth business with 100~300K $ crypto or Forex business in Montenegro ??
Totally depends, best to send us a message through www.offshorecitizen.net
You're not selling it to me.