What is An Offshore Bank Account?

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  • Опубликовано: 7 янв 2025

Комментарии • 205

  • @burnafterreading7335
    @burnafterreading7335 6 лет назад +219

    I don't make enough to have a decent on shore account lol

    • @nomadcapitalist
      @nomadcapitalist  6 лет назад +12

      Michael Anderson Watch this: ruclips.net/video/gcI85WkFUxA/видео.html

    • @SLIMHARDAWAY543
      @SLIMHARDAWAY543 6 лет назад +3

      Michael Anderson lmaoooo

    • @bencrosbie
      @bencrosbie 5 лет назад +4

      Same 😂

  • @Atem_S.
    @Atem_S. 6 лет назад +68

    Like I always said, Singapore & Caiman island were and are still my top choices for banking & living!

    • @Atem_S.
      @Atem_S. 6 лет назад +7

      @Murat love Not in the case of Caiman Island!

    • @Pollito_en_candela
      @Pollito_en_candela Месяц назад

      Offshore banking/ ktt

  • @visionarystar8957
    @visionarystar8957 6 лет назад +40

    It's that spot in your room where you keep your money from banks

  • @OpenMyEyes411
    @OpenMyEyes411 5 лет назад +25

    Thank you for this video. I obviously had the wrong impression of offshore banking. I am now informed correctly and accurately.

    • @nomadcapitalist
      @nomadcapitalist  5 лет назад +3

      Glad to have you, Corey. Thanks for your feedback.

  • @ronmecham5057
    @ronmecham5057 6 лет назад +101

    Nobody envisions cash washing up on a beach.

  • @PassportBrosBusinessClass
    @PassportBrosBusinessClass 6 лет назад +53

    I’M JUST TRYING TO NOT HAVE TO PAY TAXES

    • @donm1719
      @donm1719 5 лет назад +3

      Tough

    • @jahimuddin2306
      @jahimuddin2306 4 года назад +6

      Same.

    • @jhowardsupporter
      @jhowardsupporter 4 года назад +3

      Yeah me too. You guys into it already? It would be cool if I could dodge the high taxes in Australia and have this loop hole where I don't have to pay back my Uni fees cos I'm not making any money in this country. But I'm still able to go to the gas station and buy a Snickers to really satisfy my hunger.

    • @rushikeshwadile7007
      @rushikeshwadile7007 3 года назад

      Where are you from and what's tax

    • @nguyentonga1480
      @nguyentonga1480 8 месяцев назад

      Could you please give me some information about offshore bank in Honolulu, Hawai, the USA?

  • @ladariusdeary6288
    @ladariusdeary6288 6 лет назад +46

    No. I don’t think anybody has that idea of an offshore bank account.

    • @aberdeendh
      @aberdeendh 6 лет назад +5

      Ladarius Deary Haha I said the same thing to myself when he said that nonsense.

    • @abab9622
      @abab9622 3 года назад +1

      Hahaha yup. I was looking for this comment.

  • @JLW667
    @JLW667 Год назад +3

    2:05 Tax Haven
    2:13
    2:23 Offshore Banking
    3:25
    4:24 9.1% banking
    4:44

  • @robertweekes5783
    @robertweekes5783 6 лет назад +142

    Pro tip: don’t offshore bank in Iraq, Afghanistan, Syria, Iran, or South Africa. Lol

    • @dannygproductions9519
      @dannygproductions9519 6 лет назад +14

      Robert Weekes no shit🤣☠️

    • @floringrigore5406
      @floringrigore5406 6 лет назад +11

      Are you afraid that all this countries are going to kill the jewish economy in israel ?

    • @nubianra6965
      @nubianra6965 6 лет назад +3

      Or get poke.

    • @jakemackinson4162
      @jakemackinson4162 6 лет назад +6

      Why??

    • @mnisar22
      @mnisar22 6 лет назад +5

      Because maybe America will come bomb the shit out of the country "shock n awe" under democracy and steel the profit?

  • @MysticMylesZ
    @MysticMylesZ Год назад +3

    2:30 sounds good, starting my entrepreneur journey... tired of being tied down.
    More options is good.

  • @carbonisotope6444
    @carbonisotope6444 6 лет назад +15

    Well you could have an offshore account in the Bahamas 🇧🇸 because it’s tax free

  • @PassportBrosBusinessClass
    @PassportBrosBusinessClass 6 лет назад +30

    High interest savings is better than stock market risk

    • @kananstark586
      @kananstark586 6 лет назад

      Bigtruckseriesreview Motorsports not really pal

    • @terrylandry427
      @terrylandry427 6 лет назад +6

      I dont know about that. You would earn more in the stock market in the " long run".

    • @awsomesauce03
      @awsomesauce03 6 лет назад +6

      They both have their values. But if we are talking about putting money away and saving it for a very long period of time then the stock market clearly wins.

    • @PassportBrosBusinessClass
      @PassportBrosBusinessClass 5 лет назад

      games i'm shit at till it doesn’t

    • @PassportBrosBusinessClass
      @PassportBrosBusinessClass 5 лет назад

      games i'm shit at till it doesn’t

  • @Coastiestevie
    @Coastiestevie 6 лет назад +13

    No, people don’t think it’s money by the shore. most people think an off shore banking account is a criminal used bank, so the government can’t touch it.

    • @Stoneface_
      @Stoneface_ 5 лет назад +5

      Stephan Berns the government is the main criminal

    • @sergiogenaro152
      @sergiogenaro152 4 года назад +1

      Bison is right. they are not ghost banks, just have a diferent tax ruling

  • @arcadealchemist
    @arcadealchemist 6 лет назад +12

    Why can't everyone have one tho. Be nice if banks where decentralize

  • @TheGerogero
    @TheGerogero 3 года назад +8

    Let's not conflate "honest" with "law-abiding". Don't get me wrong though: minimizing the money government gets its hands on is a humanitarian service in and of itself.

  • @_jamesbradley__
    @_jamesbradley__ 6 лет назад +14

    Excellent vid😎👍Thank you. I've had a few, all good. (Bangladesh, Macau, HongKong, Maldives, Jeddah, etc)

  • @BucketListTravellers
    @BucketListTravellers 4 года назад +5

    Higher interest rates sounds very appealing!

  • @banpowel9784
    @banpowel9784 5 лет назад +6

    It's a bank that is located on a beach

  • @joeylatz7611
    @joeylatz7611 6 лет назад +28

    My offshore bank account is in a shoe box digged in grandmas backyard. I ain’t trusting no scumbag in Switzerland with my money

    • @TheGerogero
      @TheGerogero 3 года назад +2

      I can hear this said in Bender's voice so clearly.

  • @tankndg26
    @tankndg26 6 лет назад +9

    What I do with my money after paying the taxes on it, no ones business! PS: Death taxe is a way bigger government crime!

    • @m4vr1ck
      @m4vr1ck Год назад

      Put it in a trust?

  • @mzamozwelishamgenge7092
    @mzamozwelishamgenge7092 Год назад +1

    Being a South African citizen I agree with you its a bad ideas to do so

  • @franciscopena5193
    @franciscopena5193 Год назад +1

    SHALOM and bles Mr Andrew thanks for you información.

  • @njjj3338
    @njjj3338 6 месяцев назад +1

    And what if you do want to keep your money private and earn higher interest rates abroad? Im constantly getting asked to show proof of funds - it's very annoying. Everything is legit but annoying.

  • @Ahmad-b9q5x
    @Ahmad-b9q5x 2 года назад +14

    Just get a trusted broker that can help you, I invest in international stocks with the help, guide and expertise of a fiduciary Mr ravies benjamin. this is the best way

    • @Binsabar
      @Binsabar 2 года назад

      I saw his name while researching on investing, sure has a reputation where is he located and how can I get in touch

    • @jidaloida106
      @jidaloida106 2 года назад

      I also trade under Mr Ravies and trust me when I say he has really changed my life for the better, from working two jobs to making close to 10 k monthly

    • @Binsabar
      @Binsabar 2 года назад +1

      @@Ahmad-b9q5x thank you very much sir

  • @xrpdiesel8847
    @xrpdiesel8847 6 лет назад +16

    When having an offshore account does it cost alot to transfer between different countries also time scale if you require your money incase of an emergency? Great video thank you.....

    • @STEPHxCA
      @STEPHxCA 4 года назад +6

      Maybe keep an emergency fund between $500-a years worth of income on shore and easy to acess

  • @Ramsay77
    @Ramsay77 6 лет назад +4

    To open an account in the USA wouldn't this require you have an address in the USA?

  • @hollywoodloft6768
    @hollywoodloft6768 6 лет назад +20

    I subscribed but nervous about giving them my money and getting Bernie Madoff’d.

  • @johnybravo5667
    @johnybravo5667 3 года назад +2

    If they treated best in a different country, then maybe they should do business in that country instead..? They make money in a country that gives them best opportunities to do it, but they don't want to pay back their share. Sounds dodgy.

  • @KidKrazz81
    @KidKrazz81 2 года назад +1

    Thank you so much for this educational video!
    I want to open up a business in the Philippines. What would be my best option to an offshore bank?

  • @janicehughes7838
    @janicehughes7838 6 лет назад +7

    Please give me more insite on bonds.

  • @colizahung8803
    @colizahung8803 3 месяца назад

    May I ask do you know if any other over sea off shore bank need to pay tax to IMF first before transfer any money to other bank otherwise they will terminate the transfer and might need to confiscation of funds to the treasury department by the Tax Agency. This is the problem I am encountering now. I am so worry that all my money will be gone.

  • @rabiulhasan1673
    @rabiulhasan1673 5 лет назад +2

    do you think offshore banking gives the opportunity to those people who use it for laundering money from least developing countries?
    btw, thanks for your video

  • @diochannel7890
    @diochannel7890 5 лет назад +2

    Very informative thank you need this.

  • @margyiphillips4931
    @margyiphillips4931 5 лет назад +2

    Thanks for the information.

  • @mosheyitzchakov4215
    @mosheyitzchakov4215 9 месяцев назад

    Great video I liked it nicely done

  • @John-FourteenSix
    @John-FourteenSix 4 месяца назад

    Hi Nomad, I enjoyed your video.
    Do you have an opinion on Kinesis or Glint?

  • @Zenbeau
    @Zenbeau 8 месяцев назад

    what do you mean by "earn interest" on the money? don't savings account have really bad/low rates

  • @popacasian-vian6986
    @popacasian-vian6986 6 лет назад +1

    What is your opinion about BVI company formation?

  • @MohamedMohamed-sd9rj
    @MohamedMohamed-sd9rj 5 лет назад +3

    my offshore bank is in MOGADISHU 🇸🇴🇸🇴

    • @Stoneface_
      @Stoneface_ 5 лет назад

      Mohamed Mohamed Somalia is not safe

  • @LKleppy
    @LKleppy 2 года назад

    What do you know about General Corporate Services, Lawyers Limited, Asset Protection Planners, and Offshore Company? Are they legit or scammers?

  • @adilmalik3933
    @adilmalik3933 6 лет назад +2

    All the politions have offshore account to safe black money my friends

  • @dracleirbag5838
    @dracleirbag5838 2 года назад

    Question: if I put my 💰 ney in Argentina bank can I keep it in dollars and.still make the high interest rate?

  • @emilyhuang5722
    @emilyhuang5722 5 лет назад +1

    Is there a fee for intermediate bank that need to charge the fee for (.75%) of the payment to transfer money into US account?

  • @darktealglasses
    @darktealglasses 3 года назад +1

    You're working in HK?

  • @debnorman8835
    @debnorman8835 2 года назад

    Thank you for all your videos. So grateful for your knowledge.
    Im learning how to run a business so nothing coming in yet, selling my home in Aus as I cannot manage the interest rate, could I get some advise around putting some of the money into US account, high interest to help me buy in costa rica and get on my feet.

  • @nubianra6965
    @nubianra6965 6 лет назад +6

    I like this guy.

  • @Israel10
    @Israel10 6 лет назад +6

    Andrew, I´ll be working with a US company while living in Mexico. Can I get an account in USD in case my currency (MXN PESO) devaluates? Transfer my expenses each month to my local currency/bank ? Thanks, really enjoy your videos.

  • @alanabley525
    @alanabley525 Год назад

    Thank you for your excellent channel. I have a bank account in Jersey but am finding it's a problem with estate planning. I can't put my wife as a beneficiary thus avoiding probate and can't have the account in a trust. A will means it goes through Jersey probate and you have to hire a local lawyer. Is this the same everywhere; is there somewhere I can add a beneficiary as in my US accounts?

  • @myoaung1665
    @myoaung1665 6 лет назад +5

    Thanks a lot,

  • @zeandreoutram
    @zeandreoutram 5 лет назад +1

    Helo sir. I live in South Africa and will love to know where and how I can open an account off shore to save and pay in a little money each month. I think soon this currency will be the same as Zimbabwes, worth nothing. How do I open an acc in another country? Online? Thanx for all the helpfull info.

    • @nomadcapitalist
      @nomadcapitalist  5 лет назад

      Hey Zeandre, you can start from here ruclips.net/video/9bEmbBJbtWI/видео.html, but we also have other videos on our channel with the similar topic. Enjoy!

    • @plonkster
      @plonkster 5 лет назад +1

      I live in SA too. I recently opened an account with Lloyd's in the isle of man. If course this is no good for hiding from SARS, they report it anyway, but I use it among others to receive foreign income and invest in stocks without having to bring the money into sa where the banks will nail me 20 cents on the spread plus the transaction cost.

  • @crawfordviolin
    @crawfordviolin 9 месяцев назад

    How did banking in Georgia work out for this guy?

  • @conspiracybear1564
    @conspiracybear1564 6 лет назад +19

    I have $805 in my savings acc it will be mostly gone by next payday. I will never need this advice 😔

    • @hollywoodloft6768
      @hollywoodloft6768 6 лет назад +12

      Conspiracy Bear That’s funny. But you make strike it rich one day.

    • @bretearwood7027
      @bretearwood7027 6 лет назад +7

      Damn... $800 is a shit load

    • @zenderiangaming259
      @zenderiangaming259 5 лет назад +3

      Yea $800 is lot of money but even I come home every day trying to work on my own thing to use in trying to get a better life, I get less than $500 per month and get to keep very little but your day job is just a source of keeping a roof over your head and keeping you in societies sirculation but after you are done with work you go home and work on what you love and are good at and that will take you places.

    • @bencrosbie
      @bencrosbie 5 лет назад

      Same well not even 800 lol 😂 still hadto pay shit

    • @JohnSmith-yi9cp
      @JohnSmith-yi9cp 5 лет назад +1

      @@zenderiangaming259 thats sad. I hope for u someday u find a job or some type of work that will makr u happy or atleast satisfied

  • @arshiadehghan2187
    @arshiadehghan2187 2 года назад

    5:31 biorcrads got me😂

  • @m4vr1ck
    @m4vr1ck Год назад

    Ok but how do you open one up legally

  • @jacquischwarz5263
    @jacquischwarz5263 2 года назад

    Hi , can a person get money from a person who has an off sure account that has been invested already

  • @ChrisHondaProductions
    @ChrisHondaProductions 6 лет назад +4

    Nice 👍🏻

  • @kadimetsamagi6417
    @kadimetsamagi6417 2 года назад

    Thanks for sharing amazing video,xxcc

  • @Rebecca-qg8pb
    @Rebecca-qg8pb 7 месяцев назад

    Is singapore and hong Kong a good place for offshore account?

  • @imtbi
    @imtbi 5 лет назад +2

    ‘i think a lot of people’ 😴

  • @Tom_Samad
    @Tom_Samad 6 лет назад +4

    But what if interest (usury) happens to be forbidden in your religion?

  • @ivalinapasse2469
    @ivalinapasse2469 4 года назад +1

    Wonderful Information Will Do!!@@!!!

  • @Lori1976
    @Lori1976 Месяц назад

    Buy Bitcoin. Then send it to a cold storage wallet. 🙂

  • @glenfisher3269
    @glenfisher3269 Год назад

    Anyone have information on Pacific Offshore Central Bank

  • @faisalkhan786fk
    @faisalkhan786fk 6 лет назад +1

    I earn around 150k per anum as a self employed locum in the UK. Currently have a limited company set up in the UK, will this benefit me?

  • @shawn3d
    @shawn3d 6 лет назад +6

    Thank you for sharing such wonderful information. It’s really opened our eyes to what one should do as a digital nomad. I think you mentioned before in an other video that the couch surfing when opening accounts is potentially more expensive and problematic. I just watched a video about an Estonian e-citizenship. Would love your thoughts on this. I can share with you the video that I saw discussing this if you like

  • @rojanabe8244
    @rojanabe8244 2 года назад

    Sir why u no wear a tie?

    • @nomadcapitalist
      @nomadcapitalist  2 года назад

      I have a nice collection of ties and sometimes I wear them :) Check out here: ruclips.net/video/SGQvemmCnkg/видео.html

  • @cricket12ish
    @cricket12ish 6 лет назад +2

    I have a high tide bank

  • @PhysicsViolator
    @PhysicsViolator 3 года назад

    Gibraltar is the best option to go offshore

  • @bonatlelove7732
    @bonatlelove7732 5 лет назад +3

    Or just keep the damn money in your house.

    • @nolifechris5127
      @nolifechris5127 4 года назад

      ye keep 10,000 of thousands of dollars in your house money just loses value as well

  • @antwanwimberly1729
    @antwanwimberly1729 Год назад

    Each country has to report the income of any US citizen they hire

  • @killowatraibikio2855
    @killowatraibikio2855 5 лет назад +2

    You sure you want to put your money in Egypt?

    • @Stoneface_
      @Stoneface_ 5 лет назад

      killowatra ibikio isn’t it safe?

  • @Pollito_en_candela
    @Pollito_en_candela Месяц назад

    Offshore banking/ ktt

  • @willian8156
    @willian8156 2 года назад

    What i do is invest into stocks and other financial assets online but stocks is most effective for high profits monthly thanks to my fiduciary

  • @68madison
    @68madison 6 лет назад +2

    Ooooo look a squirrel

  • @giorgigogidze8966
    @giorgigogidze8966 6 лет назад

    Are you in tbilisi?

    • @Phoephoey
      @Phoephoey 5 лет назад +1

      Giorgi Gogidze I think he’s in Malaysia..

    • @shadowhaziq4326
      @shadowhaziq4326 5 лет назад

      @@Phoephoey masjid jamek KL i can saw that maybank HQ tower & Dayabumi towers left of him

  • @PreetSingh-ji7ey
    @PreetSingh-ji7ey 4 года назад

    Save tax

  • @danielbelisle5152
    @danielbelisle5152 6 лет назад +2

    Id there an offshore sperm bank?

  • @healthytrout
    @healthytrout 5 лет назад +3

    A fascinating promotion of illicit capital. Offshore banking is just great. Hilarious! Not even a remote talk about inequality and new economic colonialism.
    A more realistic view on that - Treasure island by Shaxson

    • @Stoneface_
      @Stoneface_ 5 лет назад

      Letta Shtohryn illicit capital?

  • @jasonharris1636
    @jasonharris1636 6 лет назад +4

    u look like Mark Webber as David Kressen hahaha

  • @robdavies6022
    @robdavies6022 5 лет назад +2

    Money and corruption go hand in hand it always has and it always will.

  • @bencrosbie
    @bencrosbie 5 лет назад

    There redtube I watched it

  • @sundarmr4389
    @sundarmr4389 2 года назад

    I try it 1000 times for contact u but no response

  • @projessinmarocprojessinmar9175
    @projessinmarocprojessinmar9175 5 лет назад

    Jo smook

  • @WyborowaStudio
    @WyborowaStudio 5 лет назад

    Music is so loud can’t hear what guy says

  • @projessinmarocprojessinmar9175
    @projessinmarocprojessinmar9175 5 лет назад

    Yo me hiphop jessin enschede

  • @vanila2012
    @vanila2012 6 лет назад +2

    You don't need one now... Simply buy any Top 10 CMC Cryptos or BTC.

  • @mebeasensei
    @mebeasensei 5 лет назад

    Do you really need glasses?

  • @kevintwine2315
    @kevintwine2315 6 лет назад +2

    The Tories favourite thing

    • @ss_1972
      @ss_1972 4 года назад +1

      Up the Tories

    • @kevintwine2315
      @kevintwine2315 4 года назад

      The Teenage Entrepreneur I’d rather not

    • @John-FourteenSix
      @John-FourteenSix 4 месяца назад

      Just for balance, take a look at Tony Blair and his cronies…

  • @tommyjbarnes
    @tommyjbarnes 4 года назад

    This is the most white video I've ever seen

  • @88time1
    @88time1 6 лет назад +1

    Yeah bitcoin

  • @antwandarellefenton
    @antwandarellefenton 6 лет назад

    Lollll

  • @RiddleR78
    @RiddleR78 4 года назад +1

    It’s for tax evaders

  • @willyham777
    @willyham777 6 лет назад +3

    Should have titled the video: Tax Evasion 101

  • @AGD.47
    @AGD.47 2 года назад

    Life is nothing to allah the god who created us in order to work for after life and after the day of judgement

  • @THOMSUNOMEYEGOD
    @THOMSUNOMEYEGOD 6 лет назад +3

    BORING!!!

  • @markrice23
    @markrice23 5 лет назад +1

    Disgusting. Pay your fair share like the rest of us?

    • @keelanrice1470
      @keelanrice1470 5 лет назад +2

      Mark Rice who are these people who are not paying their fair share.

  • @sandywyper
    @sandywyper 6 лет назад

    This is lies

  • @Dadopŕsoblueboots
    @Dadopŕsoblueboots 4 месяца назад

    The channel Islands. Guernsey 🇬🇬 or sark. Great place to open a account.

    • @nomadcapitalist
      @nomadcapitalist  4 месяца назад

      Everyone needs a tailored approach, and depending on someones situation, these might work. If you are thinking about having more options, contact our team here nomadcapitalist.com/apply/