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Open An Offshore Bank Account!

Posted By Jim On 05/25/2007 @ 9:32 am In Banking | 3 Comments

I have a Swiss bank account. Actually, I don’t, but if one really wanted to get one, it’s not as exclusive or hard as you would think because banks abroad are very much like banks in the US except they are governed by a different set of laws. Opening a bank account abroad is not inherently illegal but in many instances the motivations for opening those accounts is and the point of doing so is to prevent the US from seizing your funds. Ultimately, if you’re doing something illegal… you should probably stop.

This AskMen article [3] talks about Switzerland (they keep secrets, don’t buckle to pressure and you can open one via mail), the Cayman Islands (also secretive but they do buckle to the US), Singapore (lowest tax rate in Asia, they invest in Asia), and Luxembourg (they ask some questions and they’re more stable).


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[3] AskMen article: http://www.askmen.com/fashion/how_to_250/272_how_to.html

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