Easiest Country to Open an Offshore Bank Account
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- Опубликовано: 1 окт 2024
- nomadcapitalis...
Where is the easiest place to open an offshore bank account?
While there are a number of great emerging banking countries, Georgia is consistently a great place to start... even if you're a US citizen.
There are 18 banks in Georgia, with two being listed on the London Stock Exchange. You can generally bank in US dollars, euros, pounds, and Georgian lari, and you can benefit from higher interest rates.
Of course, merely opening an offshore bank account won't help you legally reduce your taxes, but it's a great start to diversifying yourself internationally.
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ABOUT NOMAD CAPITALIST
Andrew Henderson is the world's most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to "go where they're treated best".
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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 more than 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.
Attention US citizens please do not forget to pay taxes on your “global” income. Big Brother is watching 😀
Please consider for the future if possible to give us your opinion about the Monaco banking system and the free of taxes lifestyle of the citizens of Monaco ! Thank you !
you will not become a citizen of monaco. It's very, very hard...
Remember France is watching you
Absolutely make sure that any country you choose to open a bank account, assuming you can, has the following legal requirement : All bank deposits , including that of foreigners, are insured by law with an external insurance fund, up to some amount, in case the bank goes insolvent / squander investors' money. The US & UK for example has such insurance - other countries may have as well.
Canada has this type of insurance too
Can we not open a bank account without Georgian phone number
My first knee-jerk reaction was to hit the subscribe button when I saw "Lower Taxes" in your intro.
Your new Videos are very Professional made, especially with the intro
Although it was very easy to open an account with TBC and Bank of Georgia, for some reason it is quite difficult to establish e commerce solution (paying by credit cards) for my website to sell my products. You only have to call a special number and after you do, you may not hear from them, or they'll say that the payment can only be in georgian money and from georgian cards :( such a nonsense. Any tips on that?
Does Georgia have an extradition treaty with the US and/or Canada?
Because I might be interested if they haven't.
Georgia has serious laws for criminals , don't even think about it .
🤣
@@surajbhatia69 - Answer the question and not your own beliefs
Russia
Hey Andrew, great, informative video. Since you alluded to Georgia "and others", could you please elaborate on which other countries' banking is similar to that of Georgia? Who else lies within the same band as Georgia? Thanks!
Does Georgia participate in automatic Tax data exchange? If yes, then information about such accounts is transmitted directly to other countries where passport holder resides. What is the point in such account if you are being exposed through automatic data exchange? This so called "offshore" account is not longer "offshore" when it is completely compromised though these automatic data exchanges.
Thanks Andrew. It is so nice to be informed before becoming rich.
lol
How to open Offshore bank account from other county or via Online and can get all access like Net Banking etc? plz explain it
Why do I have to tell the USA where all of my bank accounts are around the entire world!?! Can I not do this??
can i open an account while having a tourism visa?
tourist visa allows you to to do anything in Georgia
I'm really just interested in a high interest savings account.
The best and the safest bank account in the world is a SWISS BANK ACCOUNT!
We arrange Swiss bank accounts for over 17 years and have the necessary experience for this. For more information please visit our website. (Simply enter 'GHS-Finance' into Google and click on ENGLISH in the menu!)
Key facts:
- Minimum bank deposit only 5,000 CHF/EUR/USD
- No residence in Switzerland is required
- No access to the account by authorities or third parties
- Account can also be opened online (no travel to Switzerland required!)
GHS-Finance
Seidl & Partner
I am in Tbilisi right now on a tourist visa. Opened an account with TBC. He's absolutely right no line up at the bank. All they asked for was my passport. I was in and out in 20min with a multi currency personal account. Private banker 200 GEL per year for the card with insurance. Picked up the card the next day. Different world from HS BS C bank!
@@maridevskey Hi, How easy is it ? can I open easily a business bank account for a foreign limited company ? or do they choose themselves to open or not?
So, I’m here in Atlanta- now where do I go?
;)
lol.....to McDonalds and then to the restroom with diarrhea.
Johns Town, he is talking about the country of Georgia and not the state in the USA. Hopefully that clarify!.
in Romania you can also find free accounts - you only pay once for opening the account, then you pay for the card; no maintenance payment, free online account access, VISA/Mastercard cards, some paperwork, but passport is all you need
Can you name a few good Romanian banks?
Do they have high interest rates like Georgia?
Are there foreign transaction fees?
Been trying to sell coffee beans from Kenya to Georgia.. Glad their banking system is this open... And hey if you need coffee holla
Can I get a flat white, thank you
What is your contact details
@@autotrade3863 - I work with Coffee too. I have access with the Brazilian producers.
@@cyranosyndrome Can I have your contact number and what's app
Espresso for me please! 😋
Singapore was easy. I literally walked in and used my passport for my identification and got an account. I barely put any money into the account. And I did it as a tourist. Not sure how that could have been easier. For what it's worth.
Hello. May I know which bank you opened an account with in Singapore? Also looking to open an offshore bank account there. :)
@@chiahleung OCBC
That's interesting! Everyone said in recent years, Singapore banks would not open you an account as a tourist unless you have like a million dollars deposit. How long ago were you able to open an account that easy in Singapore?
@@playwithpets There is no problem with any foreigner opening an account with a Singapore bank. There is no minimum amount to open an account. My sister who lives in Malaysia came to Singapore to open an account. She deposited SG$1000, but it could be less.
@@nsng1298 Thanks for sharing your experience! Maybe it is easier when you, as a current bank customer, vouched for her? It seems quite easy for her but I heard it is not easy for Americans because banks don't want to follow stringent FATCA reporting rules.
Nomad Capitalist: you know that a bank deposit is simply a debt that the bank owes to you? That a default on that debt can actually happen in a banking crisis? Do you also know that Georgia's external debt (denominated in foreign currency) to GDP ratio is at 114%? Unless you're talking about trivial amount of money, depositing funds into a Georgian bank is akin to buying junk bonds with low yield.
Does this work al the same for a businessaccount (for business outside of Georgia) ?
Does anyone have any experience with banks from Georgia 🇬🇪?
Andrew does!!
Could one open a Georgia Bank account for a Private Express Trust (foreign from the U.S.) with out a SSN, EIN or TIN?
Is this bank legal I have half a million dollars I want to deposit. I hope to respond quickly
so I need to fly over there to open bank account?
You need to land the plane and go to the bank. It can't be done while you are in the air and just flying over.
Banking is getting easier and more competitive. There are now *banks in the app.*
If a country does not allow a bank account for non-residents, then this country is losing a lot of small scale investments from people who want to buy property or to do business a few times a year in that country.
*The issue is* that many banks are not ready for the type of customers who want to have small investments for personal business on the small scale, while living in another country.
Yup, i wish i could close my US bank account i used for paying bills i get charged $12 a month since i don't use the debit card and the balance isn't above $10K or something meanwhile i can download an app and have them send me a debit card with little to no fees. Easy payments and a can transfer money easily to friends and family. Why can a small company from silicon valley be so much easier then a multi billion dollar national bank. What crooks
@@RobinsM Lol $12 a month for a debit card? That's straightup highway robbery. At my place, my bank only charge a small annual fee at most for an online account with a debit card.
The app based accounts are really nothing more than pre-paid debit cards with very low limits, these are useful but not for real banking and most of them even prohibit business use. There are exceptions, N26 is an exception I think.
It's because the banks have to follow the local rules, not because they're not willing to
Opening a personal bank acct. in HK means showing local employ., resid. proof. In the wake of the CCP crackdown I saw firsthand the coercion of local banks. Many banks have acted complicitly w. the city's officials, the same ones sanctioned by the US.
Amazing video, thank you for sharing !
Glad to have you, Maricka.
I rewatch a lot of his videos to stay motivated. Money is currently slow in coming. Thanks Andrew😊
i worked there when i was 20, the poverty was shocking, looks like its come a long way. great people there
I realize Im kinda off topic but do anyone know a good website to watch new movies online?
@Sergio Westin I watch on FlixZone. You can find it by googling =)
@Alden Zachariah Yup, have been watching on flixzone for months myself :)
@Alden Zachariah Thank you, I signed up and it seems like they got a lot of movies there :D I appreciate it!
@Sergio Westin happy to help xD
Will the banking card work in the USA etc.?
interesting, I lose faith in HK bank.
Amanda Peper what happened there that you don’t like?
Costa Rica
First day in Tbilisi, went to a branch of TBC in a mall, where the staff spoke little english...and opened my savings milti-currency bank account under 10 mins....with merely my passport, local phone number, no local address....walked out with a debit card and no money in my new account. Best part in 1 hour I can deposit merely 1 GEL to keep the account active....n in 2 hours my online setup will b ready. WTH!! This is a first in my 50 years of travelling. Thanks much.
Did you need to get a local phone number before opening the account in the bank? Or they will provide you one?
@@martinhuang1750 local number.
@m they sure do! Got it right at the airport on landing.
Activate it and have them set the language to English.
Hi Andrew. Question, as you would not let me apply via your website,
When you are talking about say $400m or $billions (a client) that are in need of offshore banks that can accept accept such amounts. Which countries would you the suggest?
Thanks Andrew for this video on Georgia and banking!
I am going in December for one week to see TBLISI and feel it out for my next adventure.
I may just open an account too while I’m there. Can’t wait for the food😋 Your expat and nomad knowledge is awesome 🙌Thank you!
Happy to be of service. Enjoy the khachapuri, khinkali, and kindzmarauli. 😋
Did you open the account in December?????
how did that go?
For US citizens affected by FATCA, this is a solution.
Yeah sorry I'm thinking of information that's probably 20 years old or more :-)
@@InformationDeposit Hi David, I was only referring to the people who are affected by FATCA like myself. One EU bank closed my brokerage account ONLY because I have the US passport. I've barely kept my very very basic account open with BNP PARIBAS, BUT I had to agree and sign 1: Present myself every year to the local branch and show my ID card, proof of address, where do I work or how I support myself and a couple of IRS forms. 2: NO TRANSACTION with US persons or US institutions. If I don't agree with one of these points, they were going to close my account. The bank has become my parole officer. I don't agree with Citizen-Based Taxation (CBT) or FATCA. As a Law-abiding citizen and as noted on page 28 point D. of the passport I have no choice but to comply. Complying costs are another matter apart, accountant, translation, exchange rates Euros-Dollar, mailing, my case western union fees. All these fees add up so fast that compare to what I make is just very very expensive to comply. I hope something is going to change, but Reps and Dems don't care about the diaspora.
@@ax6070 So then, how exactly is opening a bank in Georgia a solution for US citizens? As far as I'm concerned, you will still need to file your taxes. Isn't that so?
@@eliotzeyn Hi Mr.Eliot, there are 2 issues: one is Taxes that we have to file. ONLY 2 countries in the world have Citizen-Based TaxationCBT one is a democracy: the USA and the other is a dictatorship: ERITREA. two is FACTA where the banks don't want to do anything with US citizens. We are toxic to the banks. So just having a simple bank account here in EU means a lot, without you can't do simple things like work, pay bills, support family, invest, buy a house/apt because can't get a mortgage.
AX yes, you most definitely can open a bank account as a US citizen anywhere around the world. And easy too. All you have to do is file your 1040 tax form that is required... the eu banks have absolutely no problems with that, only that they must comply with the IRS law of the US.
Is there a cap on how much money you can move in 1 time or per time length on online banking in Georgië
Hello Guys,
It's a really nice informative video. Considering they are giving 9% fd rates ,I would like to know what is the catch? How stable is the banking sector in Georgia? How is the politcal scenario in Georgia?
Okay let’s say I put couple millons to my Georgian bank acc … do I have to worry about it
What is the opinion here on online banks such as N26? I've got offshore bank accounts in real physical banks, but some of these new online alternatives seem to be very competitive. They offer smooth and paperless account creation, MasterCard and VISA with free worldwide ATM withdrawals, travel insurance, investment options etc. Just wondering what you guys think of such an alternative, as opposed to physical banks. Are there any disadvantages that I'm not seeing?
Yea am probably in the fbi's list... Cuz I searched how does someone start a money laundrying business and now am looking at offshore bank account 💀
Need a georgia phone no to open offshore bank account!?
What advice would you give now given Russian aggression into Ukraine? In? Do you still advise Georgia is safe for banking or visiting in general? Thank you.
I was just there last week.
I love the new format, you deserve more subscribers
I like your videos. I have two questions:
1) Do they allow to open individual bank account or only for offshore company?
2) Are they crypto friendly? (I mean sending transfers to/from crypto exchanges)
James Howitt g
Georgia is a very Crypto Friendly country. Georgia is one of the countries that are acting out more progressively than the self-announced developed countries. The ambition to become as Europe often starts a change that is freer than the European system.
Individual bank accounts are as welcome as company accounts.
Atuli Shanidze Do they accept a Singapore company in Georgia? Where did you heard that information they accept foreign companies? Are you from Georgia?
@@James_Sovereign Non-CRS countries participating in global transparency for tax purposes
Of the 154 countries which have signed on the Global Forum on Transparency and Exchange of Information for Tax Purposes,[16] the following countries have not signed on to the CRS:[17]
(Incomplete list as of June 2017) Armenia, Azerbaijan, Botswana, Burkina Faso, Cameroon, Chad, Côte d’Ivoire, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Gabon, Georgia, Guatemala, Guyana, Jamaica, Kenya, Kingdom of Lesotho, Liberia, Maldives, Mauritania, Moldova, Morocco, Niger, Nigeria, Papua New Guinea, Paraguay, Peru, Philippines, North Macedonia, Senegal, Tanzania, Thailand, Togo, Tunisia, Uganda, Ukraine, United States.[17]
Hey Andrew, Awesome video mate. Just wanted to ask how did you get your voice audio to be so clear whilst in a public place. Is it an editing job or what? Please help, thank you.
navigationfilms.com
@@nomadcapitalist Thanks
Get gut mic?
@@amirkyrn3260 i have tried but still to take out background noise is a mission
@@masi4579 use a directional mic, the less directional coverage the better for this application. Be as close as possible to your mouth while keeping it out of the frame. The Sennheiser MKH416 is a good professional choice.
Not many people do or help others out of love from the heart, but when money is evolved they're there saying look I'm helping, I know we have to have money to live in this pathetic world system we live in. Nothing good comes out of money, just look at what it has created, wars, slavery, separation, hate, jealousy, envy, crime, etc...
How can a person do this without having to go there in person ? How can it be done on line ?
What if Russia invaded Georgia and bombs all the banks!! :D
How to get a real georgia phone no for bank account opening?
Well he says in the video you need to be present in the office, you can buy a local sim card with your passport pretty much everywhere
Thank you for this very informative video, I can certainly see that it's well worth a visit to set up an account as one never knows when rules could change and make opening an account harder. Hong Kong is good example of that!
why do you want to open an a/c here?
What about now with ukraine so close by. still good?
Where could I open such a bank account online? And will I find it free? How much time does it take to open such a bank account?
The one thing not touched upon is, in most countries like in the UK, or EU, your deposit is protected under an insurance scheme (up to a finite amount). Who is backing this bank? However if you have a small amount of money, why not open it. But once money is in a bank, it's not yours. However opening an account might be easier here.
Hello, we need to be physically present to open the account in Georgia?
You need a Georgian telephone number?
yes
Can I trade on Nasdaq with Georgian account ?
How accurate is this during this pandemic crisis?
Best place for an offshore account is a stack of cash in the corner of your room😂
Video is outdated. Nearly impossible now to do international banking from Georgia
could you expand on that?
Its funny how ppl that fixate on money dress up in suits etc. yet when you look at ppl that actually have money they almost never wear those type of clothes.
Meso offshore banking you have business man that wear suits and ties.... its international business remember
And the easiest place to draw the attention of the authorities.
Hello I am interested in opening an account in georgia but i can't move there currently.
I want to know if there is a way to open the account withourt without moving there
You cant and that sucks. Contact them :)
Republic of Wadiya
he kinda sounds like Trump
The most danger banks are located in Chi-na mainland
I am planning to open an offshore company in Dubai at JAFZA and open there a bank account at Emirates NBD. Then I am planning to buy an appartment for 200.000 Dollars to get my Emirates ID Card together with residence visa :)
100% I’m buying your book as soon as possible appreciate you bro
Same easy you can open bank account in Bosnia and Herzegovina. Just tace your passport.
Yeah but choose wisely, 10 years ago a lot of Russian banks went “bankrupt” in Bosnia. Stole literally money from the customers...
I expected Rwanda, Bangladesh or even Congo....
Then again.. The next day you would have no money
You can't send much money outside from Bangladesh, it's where I live and it's what kept me from starting a business in the country.
@@shadmansudipto7287
I said bangladesh as an example..
I meant really poor countries
@@justicewarrior9187 hmm I get it, just saying.
You can actually send money outside from Bangladesh. As a BD citizen i would need to open a foreign currency account and deposit upto 5000 USD at a time without having to show source or additional paperwork provided you've recently travelled. Once you've made your deposit you can send it almost anywhere. I'm not sure what are the rules for foreign clients.
Belize! They have a British Common law, they speak English and the papers are written in English. Why isn't Belize on people's radar?
Thanks Andrew for throwing your viewers a bone. Much appreciated and I will be speaking with you in the near future.
@born free. Let's not get too greedy, I am happy to settle for a bone ever since countries everywhere started treating me like a dog for having had the misfortune to have "U.S. indicia" working against me.
Approximately how much are the fees for insurance?
i am wondering if you would tell the same about georgia nowadays..LOL
You said bring your passport and address, do you need a non-USA mailing address? I only have a USA passport as well.
Come with a Georgian tel number? Huh?
Thankyou !!!! I'm in
I'm Indian and opening a bank account in Russia was pretty easy too
Is unsafe, Russia already seized money at the beginning of the 90's.
you CAN OPEN EVERY WHERE -----THE REASON IS NOT WHERE TO OPEN--BUT WHY YOU WHANT TO OPEN--
You got money you can open an account anywhere
closing too :) - ROFL! (Is any cent left?)
I am interested to open bank account Russia too- will you guide me- or provide banks name or number?
It's the same here in Australia
How good is their bank for online, since many banks are getting too digital and relly too much on the phone system in the case you need an actual Georgia phone SIM card to authenticate your bank app, it might be an issue, specially if you loose it and such.
Hi Andrew! Thanks for the great videos. Can one open a business / merchant bank account at TBC as a foreigner that easily, as well? Thank you.
Hey Andrew, how easy it is to open a corporate bank account in georgia? Do you think they open for offshore entities?
hi, did you find the answer?
E-Block countries on the RISE!
Best*Best=ELEVEN
I'm in Ukraine and for social security benefits United States will not send money to Ukraine so I need to open an account... Is this an ideal banking in Georgia?
Can I have money wired there monthly and then can I wire it to Ukraine from a Georgia bank ?
How far are you from Atlanta?!!
Which language they use in TBC Bank, Bank’s website & App. Is it English or their own language?
Ok but you dont know how stable the country is concerning state bankruptcy.What if the government decides to bail out this bank.?
Reasons of genuine economic substance are becoming more pressing on foreign entrepreneurs, who are now required to put down roots, and become tax resident! Temporary residency, registration of a Turkish or Mexican home address with the authorities, and opening a commerce operation; yet the benefit in Turkey and Mexico is a path to citizenship! Low costs, but high tax for a five year period to make your case for citizenship; these are the price of geographic diversity of risks! Keep up the great work! / / \ \ Since this recording, the restrictions have become more onerous and tight!
Do they speak English there and is this video up to date, What are the chances of them going the CRS, what about Serbia? I need something close to Germany..thank you
I live in the Caribbean, and I have an ecommerce business in my country and i want to add PayPal as one of my payment methods on my website. But, they require a US bank account which I don't have. Where can go to open a hassle free bank account with a visa or debit card.
Andrew Henderson reporting for Nomad Capitalist 😃😃😃 It's like you are a journalist reporting live....
2:55 I have to bring a "Georgia phonenumber" and that is easy, how?
It's extremely easy.
How about online services like "Revolut" and N26. You dont even have to show up. it takes 10 mins.
Not a resident of EU but some of this countries "Services and Fees for everyone who registers with an address in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, Sweden, Norway, Denmark and Poland.".
I'm from Croatia (EU member) and can't open acc.
no interest account on n26 (at least not in all europe country) and revolut.
Thanks Andrew --- Great Information...
Thank you... I greatly enjoy your videos on second passports. Have you done anything on Swiss Bank accounts ??
When i withdraw money from under the bed there's no paper trail....and my bed doesnt go bump anymore....Transferwise?
Very insightful. Many thanks for this video Andrew.
Thank you Dilshan!
Great video... thanks for sharing 👍.... do they let you open offshore business accounts easily too?
Do they send you bank card to your home adress or do you need to stay in Georgia to pick it up ?
They don't mail anything. You need to spend a day or two to get it.