Essentially, offshore bank accounts are generally opened under the name of offshore corporations or companies. The idea behind this is to basically increase privacy to the beneficial owner where the corporate entity is used as a proxy to hide the real identity of the owner or the beneficiary. Offshore bank accounts are instrumental in holding private funds under the name of a company or corporation. The outstanding advantage about opening an offshore account is the fact that all transactions are done in company name and can only be traced under the corporation name and not the client or the person behind the company.
So what does it cost to open an offshore bank account?
The fact of statement is that opening an offshore bank account differs from one jurisdiction to the other. However, to put a rough estimate, the best way is to contact us.
Again, this figure is not universal as different companies that assist with offshore bank account opening charge different rates. You could for instance find that the rate for opening an offshore Hong Kong bank account slightly differs from the rate required to open an offshore bank account in Dubai or Macau.
Open offshore bank account = Reliable information
In this regard, it’s essential that a person seeks critical and reliable information regarding opening an offshore bank rates in the country of jurisdiction they wish to open an offshore account.
This is instrumental in ensuring that a person makes a strong and informed decision that will be in his best interests as regards offshore bank account opening.
In addition, you need a specified amount of deposit in order to activate an offshore bank account. Add to this proprietary fees, notary charges, processing fees as well as miscellaneous fees and you get a clear picture of the rough rates estimates it will cost you to open an offshore account. It is therefore essential that you find out the jurisdiction you are comfortable with and find out how much it will cost you to open an offshore account.