It’s become increasingly more hard to bank in privacy these days, thanks to the witch-hunt of OECD and FATF under the guise of cash laundering and terrorism. Exactly what a fantastic story to cover the real function of their; to take the privacy far from individuals, to manage and to endlessly supervise!
There still are a couple of chances left for us, who value financial privacy. No matter how good the technique is, if you are a big mouth and like to boast with your elegant overseas banking solutions, the cover is blown faster than later.
Offshore Money Flow Solution
For the start, you require a so-called Pass-Through Account. An essential function of this account is secrecy; it’s vital. This account needs to be opened in a jurisdiction with a bullet-proof banking secrecy laws. Bullet-proof isn’t the case any longer, unfortunately, as the method, a lot of so-called tax havens have been forced to distribute information. However, it still is possible to open a private bank account. Even if the banking secrecy laws fail under the pressure of “Big Boys”, the “bureaucrats” still have no idea who’s the owner of the account. So, you are safe from the starting!
This first account is the one you make known to your customers and company associates. As the name states, and this is essential to remember, this account is not to save cash. Since of that, you do not have to be too concerned about the long-lasting stability of the bank and territory included.
The 2nd account you will require, is called Stash Account. An essential function of this statement is stability. The Stash Account need to be opened in a steady, very first world jurisdiction and a well-known bank. This is the account you send your revenues to as quickly as they arrive in your Pass-Through account. You keep your cash here long-term, send it off to offshore investments or move it into spend and cost savings accounts. The presence of Stash Account is a whole trick! You tell no one! Never, ever!
The 3rd account you require is Spend Account. Here the accessibility is the vital feature. Sometimes you might wish to withdraw your offshore profits in money. Even if you have multiple earnings streams onshore, you need always to be prepared for emergencies and have access to your overseas funds. Because of that, you will open Spend Account at a bank that provides you with the very best selection of debit and charge card and also a correct online banking access.
When you have opened these three accounts, you prepare to begin defending your personal privacy. And the very best part is, that you can win the battle! It just takes a little research and the best partners.