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Tag: Offshore Banking

25 Aug
Offshore Banks are a complex matter these days.

Why I Don’t Recommend Offshore Banks Anymore (From An Offshore Expert)

Banking overseas is more challenging today than it’s ever been and more challenging all the time thanks to the constantly changing landscape. One week, one bank will open an account for Americans. The next week it won’t. Another bank that required a US$100,000 minimum bank balance increases that requirement to US$500,000… and then reduces it […]

21 Jan
Offshore Banking In Belize

Is Offshore Banking In Belize Still A Safe Strategy?

Kathleen and I flew from Panama to Belize City Tuesday morning for this week’s Live and Invest in Belize Conference. Passing through the airport, we picked up a copy of the local paper. Big topic in the press and on everybody’s mind in this country is banking. Belize is being beaten up and knocked around […]

28 Dec
going offshore priorities

Priorities For Going Offshore In 2016

I have more than a dozen bank accounts outside the United States, most associated with various businesses and investments. I have two accounts for every entity, but few entities have more than two. Why would anyone want or need more than two accounts for a single entity? The de-risking era is answering that question for […]

22 Oct
Offshore Bank Account

How To Open An Offshore Bank Account

Yesterday, day one of the Global Asset Protection and Wealth Summit Lief is hosting in Panama City this week, he and I had lunch with banker friends in town for the conference. One, with 30 years of experience in the global banking industry, sat down, looked around the table, and said: “I wish I hadn’t […]

10 Aug
Diversification Strategy: Planting Five Flags

The Diversification Strategy Of Planting Five Flags

I’m reviewing and clarifying my ideas related to the Five Flags theory of diversification in preparation for my opening remarks at the Wealth Summit I’m hosting in Panama in October. If you’re new to the idea, the Five Flags are to do with residency, citizenship, banking, assets, and business. Not everyone needs all five flags […]

20 Jul
Offshore Banking in Andorra

Can One Bad Apple Bring Down Offshore Banking In Andorra?

Five years ago, when the U.S. FATCA law had just been passed and the effects it would have on non-U.S. banks were a hot topic for speculation, a banker I knew from Andorra made a remark to me along the lines of: “We’ll all go back to goat herding before we roll over for the […]