Offshore bank accounts & required documents

The requested documentation by offshore banks (passports, bank references, proof of source of funds, etc.) can appear to be a demanding experience if it is your first time around. But don't let that upset your applecart. Yes, there is logic to this seeming madness. Once you understand the process it can go quite smoothly. Never forget, banks are in the business of opening accounts – they need you. Normally, there are three basic requirements that the bank must have to open your account: Your Identity, Your Good Reputation, and Your Source of Funds. YOUR IDENTITY: Of course, from an international perspective, your passport is the best ID document to get the job done. If you desire to open accounts or invest offshore

Read more ...