Banking Archives | Offshore Living Letter

20 Mar

Opening An Overseas Bank Account: Why You Should Do It And Where

Posted by Lief Simon In Banking 0 comment

I’m on record as saying that banks suck. You’ll hear me say this at every Live And Invest Overseas conference. At any given time, some countries have better banking sectors than others—and some banks

06 Oct

How To Go Offshore And Diversify Your Life In 5 Simple Steps

Posted by Lief Simon In Asset Protection, Banking, Investing 0 comment

My wife has suggested I write a book. The two of us are in residence at Los Islotes together for the next three months. Seems like an opportunity for that

11 Jul

Why You Need A Second Offshore Bank Account

Posted by Lief Simon In Banking 0 comment

My standing rules for banking overseas include having two bank accounts for each operating entity that has income. Most real estate holding companies that are used to hold property that doesn’t have income don’t need a bank account because there’s no money

30 May

Woman giving cash money to male customer

Structuring Cash Deposits Is Illegal

Posted by Lief Simon In Banking 0 comment

Structures Versus Structuring The IRS was in the news a while ago for confiscating the bank accounts of small businesses operating mostly on a cash basis. One restaurant owner had her bank account frozen by the IRS. She had US$33,000 in the account, which represented the entirety of her operating capital. Effectively, the IRS put her out [...]

26 May

Beautiful view of a traditional French country house in Brittany, France

Repatriating Funds From Overseas: Transfers, Taxes, And More

Posted by Lief Simon In Banking, Taxes 0 comment

Say you invest in a rental property in Panama. You earn a good return for years… then, the market timing is in your favor, and you decide to sell. You find a buyer who’ll pay you 50% more than you paid for the property yourself. You close the deal… and take receipt of the purchase […]

04 Apr

What You Need To Keep In Mind To Successfully Open An Offshore Bank Account

Posted by Lief Simon In Banking 0 comment

If you want to open a bank account in the United States, you walk into a branch of a bank and simply state that objective. “Hello,” you say as you take a seat across from the helpful banker, “I’d like an account with you.” Or, easier yet, you fill out some forms online and save […]

15 Mar

Best Options For Opening A Bank Account Offshore

Posted by Lief Simon In Banking 0 comment

Offshore diversification may be a new agenda for most Americans, but, for much of the rest of the world, it’s second nature. Traveling in Argentina a few weeks ago, I was reminded of this. Any Argentine with any extra cash has a bank account offshore. For him, this could mean an account in the United […]

10 Mar

How To Open An Offshore Bank Account

Posted by Kathleen Peddicord In Banking 0 comment

Last year, Lief hosted his Global Asset Protection and Wealth Summit in Panama City. On day one of the conference, he and I had lunch with banker friends in town. One, with 30 years of experience in the global banking industry, sat down, looked around the table, and said: “I wish I hadn’t been so […]

27 Apr

Atlantic Bank International Account-Holders Must Read This

Posted by Lief Simon In Banking 0 comment

The Long Arm Of U.S. Regulatory Agencies Creates More Problems For Americans Offshore Last year, the U.S. Federal Trade Commission (FTC) shut down a development project in Belize. The development had been marketing via TV infomercials in the States. The commercials must have been moving a lot of real estate... enough to get the attention [...]

13 Jun

The Best Countries To Open An Offshore Bank Account

Posted by Lief Simon In Banking 0 comment

The Best Place To Hold An Offshore Bank Account The question I am asked maybe more than any other by readers and conference attendees is: Where is the best place in the world to open an offshore bank account? As with any question related to your personal life, the answer is: It depends. It depends [...]

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What is Offshore Living Letter?

Helpful Offshore Resources

Learn Lief Simon's Key Strategies
For Going Offshore Today!

Offshore 101

Diversification

Asset Protection

Wealth Creation

Category: Banking

Opening An Overseas Bank Account: Why You Should Do It And Where

How To Go Offshore And Diversify Your Life In 5 Simple Steps

Why You Need A Second Offshore Bank Account

Structuring Cash Deposits Is Illegal

Repatriating Funds From Overseas: Transfers, Taxes, And More

What You Need To Keep In Mind To Successfully Open An Offshore Bank Account

Best Options For Opening A Bank Account Offshore

How To Open An Offshore Bank Account

Atlantic Bank International Account-Holders Must Read This

The Best Countries To Open An Offshore Bank Account

Go Offshore Today

What is Offshore Living Letter?

Helpful Offshore Resources

Learn Lief Simon's Key Strategies
For Going Offshore Today!

Offshore 101

Diversification

Asset Protection

Wealth Creation

What is Offshore Living Letter?

Helpful Offshore Resources

Learn Lief Simon's Key Strategies For Going Offshore Today!

Offshore 101

Diversification

Asset Protection

Wealth Creation

Now Is The Time! Go Offshore Today!

Category: Banking

What is Offshore Living Letter?

Helpful Offshore Resources

Learn Lief Simon's Key Strategies For Going Offshore Today!

Offshore 101

Diversification

Asset Protection

Wealth Creation

Learn Lief Simon's Key Strategies
For Going Offshore Today!

Learn Lief Simon's Key Strategies
For Going Offshore Today!