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lol.. j/k. But I think it will be much easier if you setup a corporation offshore first. Really depends on what you plan to do with it. But for example, usually when you setup a corp in a place like Dominica, the company who does the filing and paperwork for you will also have some banks around the world that they will give you an introduction to as part of the service.
Search google for “offshore corporation” and you will find a lot of legal companies who will set you up with paper work and do the filing for you.
Depending on what you will use it for, (tax shelter, passthrough, whatever) its hard to say whats best. But I can tell you that some places even having a tax treaty with the USA, also have a 0% tax rate for corporations in their country owned by foreigners.. so it is a much much better alternative to using your US company or personal name to setup the offshore accounts.
For example, you can setup a corporation in Dominica with a 0% corporate tax rate, then with an introduction from the company who setup your corporation, you can setup bank accounts in cypress and in st. vincent. (be sure to confirm with them before hand, which countries they offer an introduction to banks in)
If done proper, you can shelter yourself quite well from being taxed out the yin yang. And legally. Just remember any money you transfer to a personal account will be taxable. But of course, some of these banks offshore offer you a bank card that could literally withdraw $20k or $50k per day from bank machines.. without ever passing through a personal account..
Anyway Im not a lawyer or any kind of expert, and I dont personally do anything like what Im describing.. just food for thought..
But as far as having a low minimum balance requirement, cypress banks are pretty good.. and the account opening process does happen by mail and email once you have the introduction.
LOL Nice video lol
This is a good start to being pointed in the right direction.
Thank you, as I will look into this more.
Try this bank I’ve had great results. Cayman National Bank
How easy is it to be approved as a us citizen there strictly over email?
Also, I asked payspark / CSC about an actual account i can wire with and they sent me an app, so thats a good option im trying first. Id love to get a neteller account along with it but thats prob going to be tough.
@allfreechips 230794 wrote:
How easy is it to be approved as a us citizen there strictly over email?
Also, I asked payspark / CSC about an actual account i can wire with and they sent me an app, so thats a good option im trying first. Id love to get a neteller account along with it but thats prob going to be tough.
Chips sent you a pm about csc
@allfreechips 230794 wrote:
How easy is it to be approved as a us citizen there strictly over email?
Also, I asked payspark / CSC about an actual account i can wire with and they sent me an app, so thats a good option im trying first. Id love to get a neteller account along with it but thats prob going to be tough.
The banks that I have dealt with wont allow you to open an account by email and mail unless you are a corporation and have been introduced to them by a third party.. I was actually told that because of the country I live in, they have laws preventing them from dealing with me. But, when you incorporate a company in a country where their rules dont apply to it… (non US, non CA)…
Its about getting paid, there is no real way to avoid taxes, and we hate prison
Ok, i kinda understand, by now I haven’t make any profit so dont have problem right now, so maybe in the future i will have to make one too.
Offshore means a total risk for you because of zero guarantee. Be careful when selecting country and bank.
@online18casino 230488 wrote:
I am in the USA, and would like to know if anyone has any leads on a good bank I could open an account with by mail?
In the USA you can bank by mail.. But I am having trouble finding a forign bank that does this… or an overseas netbank…
Maybe one that does not require a HUGE balance… under 10k or something?
It would be very helpful for my affiliate payments… and am told this is the best method to go.
Chips sent you a pm about csc
sorry, are there any problems with CSC?
@vd752 231249 wrote:
sorry, are there any problems with CSC?
No, but they offered me a seperate account i can do wires with.
I think it’s tough for Americans! Loyal Bank is very nice. Good online banking, all done through the mail, etc. Their fees are a bit expensive but most of these banks will be. You can also try HSBC Canada which should work for your purposes if you’re not concerned about privacy and want lower fees.
I hope you are kidding about Cayman National Bank. I can’t even deposit commission junction checks in my account without it being flagged. They are very anti-internet anything yet less gambling. I’ve had wires for real estate transactions turned back because i wasn’t on the phone and in the bank within several hours to give paperwork proving the source of funds.
I live in the Caymans and can tell you… worse bank ever
