The term “high earner” can vary widely depending on where you’re from. But, when it comes to international banking, there are prerequisites you’ll need to hit to fall into this category. Typically, “high earner” refers to individuals who earn a high enough income to save and invest the majority of their monthly earnings. This usually …
Unfortunately, there is a lot of misinformation blinding anyone that wants to open a private bank account. This is especially true for anyone just getting started, that doesn’t know where to turn. So we’re going to discuss exactly what private bank accounts are, who qualifies, and how to get one. If you’re wondering whether you’re …
Private Banking 101: How to Bank Like the Super-Rich for Less Read More »
Welcome to Liechtenstein, the biggest offshore banking hub you’ve never heard of. Liechtenstein is a tiny principality, sandwiched between Austria and Switzerland. It’s small. You can walk across it in two hours. And only 36,000 people live here. On National Day, the prince invites the entire country to his castle for a cocktail reception. Liechtenstein …
How to Open a Bank Account in Liechtenstein as a Foreigner Read More »
Opening a bank account in Luxembourg is like a sport for the super-rich, the entire financial industry, and even normal people from all over the world. They’ve all flocked to Luxembourg for decades, parking cash in banks, investment funds, and other vehicles. Note: if you hate free markets, tax efficiency, and capitalism, you should probably …
Well, opening with an online broker in Luxembourg just got more interesting… There’s a huge wave of account closures happening at Interactive Brokers (or “IB”) right now, the largest electronic trading platform in the US. And it’s sending shockwaves through the investing world. The trigger? Fast and loose AML practices. US regulators claimed that IB …
The anonymous bank account in Switzerland is probably the most misunderstood tool in international banking. Top advisors, trustees, and even bankers will give you conflicting information about your options. But anonymous Swiss accounts aren’t anything new. For almost a century, they were the ultimate form of asset protection, used by the super-rich to build wealth …
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Opening a Monaco bank account is a status symbol, reserved for the super-wealthy. After all, banking here isn’t like banking in other countries. Monaco banks aren’t used for transactional day-to-day banking. They specialize in private banking and helping you find creative ways to make more money. Opening a bank account in Monaco can be done …
Channel Islands offshore banks are enjoying a resurgence in popularity. This is especially true for expats, non-residents, and companies that want stable banks and sophisticated bankers. Surprisingly, despite their offshore reputations, Jersey and Guernsey are actually white-listed darlings of the banking world. In today’s article, we’re exploring offshore banking, Channel Island style. What Channel Islands …
When looking to bank in the Caribbean, banks in Barbados are often shortlisted by non-residents of Canada, the UK, and elsewhere. One of the major reasons for this is that Barbados has more than 40 double tax agreements in place, offering tax advantages to certain client groups. So it shouldn’t surprise you that Barbados banking clients are …
Opening a Cayman Islands bank account is far less dubious than Hollywood wants you to believe. In fact, thanks to new compliance measures, it’s now difficult for regular, law-abiding citizens and small businesses to open accounts here. That said, non-resident individuals and businesses can still open a Cayman Islands bank account–in most cases, it can …