The Easiest Countries to Open a Bank Account
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- čas přidán 25. 07. 2024
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When it comes to opening your bank accounts, you may ask yourself - What country’s banking institutions should you trust with your money? What are the best countries to register your offshore banking in?
In this video Rusudan Abdushelishvili, our Chief Financial Officer shares the easiest countries to open a bank account.
00:00 Start
0:19 The Easiest Countries to Open a Bank Account
1:57 How to Open a Bank Account in Georgia
3:44 How To Open A Bank Account In Belize
5:27 Open an Account on the Cook Islands
7:38 Opening a Bank Account in UAE
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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I think she's a whole lot prettier than Andrew.
may be is girfriend
Andrew is pretty also
Pretty easy in Mexico with a temp residency
Cheers from 2 Canadians 🇨🇦 living in Mexico ✌️
Hi I wanted to sell and move to Mexico but wife wants to wait a year and now the economy is down. Any regrets,how’s life there and citizenship. Thanks
@@febsign6110 life is grand we sold everything Oct 14th 2021 backed up 3 suitcases each n our Maltese n boomchackalka ha follow our journey friend we document everything
I’m envious and have been looking at Costa Rica or Mexico and Costa Rica has an easier residencecy to move there. Thanks and take care
Mexico is easy but it is not a safe banking haven.
@@febsign6110 best of luck amigo whatever your decision is ✌️🙏🥰
Playback speed 0.75....perfect. She talking a mile a minute. 😄
Yap, right?
Was not just me thinking that.
same thinking !!!
Sounds like a Caymans account is easier than I thought it would be. Glad to hear that.
Fantastic video! This is amazing teams right here
So happy Rusudan is back :)
Great content as usual Andrew . The presentation was perfect . I don’t quite understand the mindless nitpicking.
Very informative video and I found her presentation to be easily followed. Great job!
Glad it was helpful.
Cool! I love her accent! She should be on more videos!
Me too. Hubba hubba.
I would like to hear more about banking in countries overseas!!!
Could you do the same for business accounts depending on where you are incorporated? And if there are some banks that accept many countries of incorporation? I'm incorporated in Mauritius, that's why :)
More Rusudan please > agree however w/the slow it down just a bit comment > wouldn't hurt Andrew to do the same as well.
Good stuff as usual, even better w/easy on the eyes Rusudan ❣️😉
You can slow down the speech by clicking on the settings icon at the bottom of the screen and selecting 'playback' then select 75 - that should help.
Enjoyed this presentation - thank you
Glad you enjoyed it!
@@nomadcapitalist as a foreign resident in India, I know the importance of correct banking info. Thanks again 👍
Thanks for posting .
Glad to have you.
Nice video. It’s also possible to open a bank account in Georgia through power of attorney. But yes, in-person is better.
Great experience with this
Love to see the “team” Andrew…
great video, but i would recommend to talk a bit slower :) thanks
Change CZcams setting as a 0.5x
Nice and Crisp presentation. How about Singapore and Switzerland?
with these crazy phenomena, the answer might have to change in a few months.
Hi, I would be interested in more information about banking in Serbia or Montenegro! Also, more information about banking in Andorra would be amazing!
Forget about Serbia. Here now.
Very good attempt at delegating. Just a bit of constructive criticism. When you talk, you are very good with tonality. This is what made you so popular, you talk with authority and people listen. Problem with this video was, while her information was very good, in her delivery she is talking in one tone. That feels less natural, not convincing, and certainly not authoritative.
Obviously English is not her first language. Most people would have a difficult time doing what she just did even in their native tongue. I would say if she spoke slower it would have been easier to follow what she was saying.
@@prepperjonpnw6482 Not really criticizing her for her language, English is not my native language either. Just saying the difference in persuasion because tone not changing with the information. Compare it with Andrew's delivery, his tone changes pretty accurately with what he is trying to convey. Her accent is pretty nice actually. One can have a very thick native accent and still have right tonality where information doesn't feel like it is being read from a script word by word.
You need to train her a bit better or replace her….
She's not less convincing to me tbh. If anything she was more authoritative. She speaks very fast so some people might be unable to hear her. But on the whole I think her delivery was spot on. I want to see more of her.
Clearly not a native English speaker. She got the emphasis wrong on "deposit"
What are your thoughts on US Citizen expatriating to India? Can you make a video about that please?
good topic, but the presentation suggested that the presenter read from a teleprompter. May I suggest adding a link to that article on your website. It would give us who are more textual than aural a chance to catch up.
Extremely well trained by you….
Do you have a contact in a Singapore bank? I am a US citizen.
Hungary and Poland will open a bank account and even give you a debit card the same day at Reiffsen and Citibank. You don’t need residency in Poland or Hungary to do so. You guys need to research better. I got debit cards at Reiffsen and Citibank in less than an hour.
Is there internet banking and freedom of moving money around ? Any bank fees ? Thank you.
Hello Mam, i have one doubt regarding georgia. Is forex trading and crypto trading legal in Georgia ?
Opening an offshore bank account itself may not be a big deal actually, although it would be good to have ones in the Euro zone. But what do you do about international card transaction fees varied by 1-3%?
I wouls use Wise multicurrency account
Revolut offers better rates, though the limits with the free account aren't very high.
@@mario7027 Yeah for amounts larger than say $30k or so 🙂
What about opening account in UAE?I am traveling there was thinking of opening account while there.
I’m an investor, based in Dubai. You need to get a resident visa first, ( through employment or setting up your own company, or purchasing a property) and than they will open a bank account for you in a very short time.
you can skip all this if you are willing to deposit a higher amount to the bank, usually 100.000 USD or above.
If you are depositing a higher amount than you dont need a resident visa
It's not easy for a non-resident in some banks, even if the option is listed on the website. But I've seen with my own eyes how a tourist from Germany opened an account in Mashreq bank and they'll do an international shipment. The availability of non-resident accounts varies from bank to bank and depends on the client's nationality, too (US citizens may have problems for one reason, Russian citizens for another, etc.). It also depends on the bank's manager. 😀 Also note that only savings accounts are available for non-residents, but the word savings mostly means you don't get a cheque book.
Thanks Eugene. I'll check with mashreq bank.
@@gounchface if you planing to do some investments also ( bonds, etf’s...) than i don’t recommend Mashreq. High custody fees and account maintenance fees.... also they have very limited amount of branches, as they want to do digital everything. You will have to go to the old part of Dubai if you say want to issue a manager cheque or you want to withdrawn a larger amount of cash from you account. There are 2 or 3 branches in the old part, all of them crowded, 30 people at least in one time..... they closed down all their proper branches at Dubai mall or Mall of the emirates....i was with Mashreq for 7 years.
She said "as a resident" for a reason. It's a pain for a non-resident and they don't offer you decent accounts. Possibly you can get a savings account with some effort. As a resident, you can literally open an account in one day, mostly online.
Fairly easy in Turkey as well. Just need a tax id.
Do you have to be a citizen?
Do you guys help non buisness owners get out of the US? If so I'd love to use your services in the VERY near future
JUST TURKEY 🇹🇷
lol yeah. I keep all my savings in lira in a Turkish bank. Best financial decision I’ve ever made. 🤣🤣🤣
Belize features on the list of countries or territories labeled as tax havens due to its financial secrecy laws.
With CRS and FATCA it's useless to open offshore bank account if you want to avoid taxes because your tax jurisdictions will be notified about your account balance and type of income.
And even if you want to become tax resident of a low tax jurisdiction you will pay 30 % of your US income from online marketplaces and I suppose that's the case for other high tax countries. And if you want to sell directly from your low tax jurisdiction to tier 1 country you will find it almost impossible to get a reputable online payment provider because that's high risk for them and if you get one Most likely it will be shut down and frozen once you make a significant income or have a chargeback which ever comes first.
There's also FATF list and other risk assessment factors that banks are required to take into consideration when a clinet wants to open bank account with them. So getting carribian passport and/or residing in a sanctioned country like the UAE ( grey listed by fatf ) will make banking very difficult for you because your nationality and your place of residence is considered high risk by banks. And countries who have low requirements and open bank accounts for people who wants to avoid paying taxes where they are obligated to will eventually get sanctioned like Hong Kong, Bahrain, Malta and UAE and will be forced to become more strict with banking, impose income taxes or even stop selling citizenship ( EU shengen visa free passports )
It's only make since to renounce your citizenship if you already rich like the Brazilian American Facebook Co founder who renounced his US citizenship and moved to Singapore.
Or if you want to target your new low tax country of residence market with your products and services but good luck finding strong purchasing power and big markets like high tax countries.
My understanding is that a US citizen is not required to file an "FBAR" (on his foreign bank accounts) unless his bank account balance (in total) exceeds $10,000; and under FATCA, the financial thresholds (for reporting) are a lot higher than $10,000. Of course, $10,000 isn't a lot of money..... BUT, the US citizen might be able to connect his cryptocurrency account to his foreign bank account, thereby creating a different situation.
@@dlukton how would that situation be different? cashing out cryptoholdings wont be detected in foreign bank accounts?
@@loveislife77 It would be "detected", but it's a question of reporting requirements.
I like Georgia:)
How difficult is it to obtain residence in Belize (South African citizen)?
Piece of cake. You basically just go there as a tourist, keep renewing your visa and then apply for permanent residence after a year.
@@rosebogert6047 thanks for the info.
HK banks seem to be interesting to me. But it's not covered here.
The Community of the Portuguese Language Countries’ Council of Ministers approved the proposal of free movement of persons within the Community
The Community of the Portuguese Language Countries (CPLP - Comunidade dos Paises de Lingua Portuguesa in Portuguese) approved a proposal in order to grant the free movement of persons in the Lusophone space.
Portugal, angola, brazil, mozambique, east timor, bissau guinea, equatorial guinea, cape verde and sao tome and principe.
Well, how's that gonna work when Portugal is in the EU?
Does Georgia require a proof of address in Georgia? A rent agreement?
I'm living here at the moment and can confirm they don't. You just need to provide an address I think for where your living but no proof etc
@@joesheridan9451 thanks, Joe, very much for letting me know. As long as they don't send future correspondence to the address one gives them initially!
@@ib9511 No I don't think so. Pretty sure everything is done digitally in the apps etc. My prehistoric bank back in the UK could learn a thing or two
@@joesheridan9451 my gf and I are planning on moving there, what bank Joe?
@@mattball7074 bank of Georgia. Tbh I would think twice about moving here, since the war the price of accomodation has basically doubled and their currency is really strong atm. So you aren't getting a great deal anymore. And the country itself is a mixed bag. Food is good, scenery is great, cheap wine lol... but people are not the friendliest and there isn't that much to do after the first month or so. Don't get me wrong its a decent country, just not as great of a hidden gem as you may be hoping
I wish the American man would do this ...way too fast and then you have to deal with the accent. Belize is easy I have a friend who turned in her American citizenship after getting citizenship in Belize...she owned a resort in southern Belize at the time.
In some countries, depending on each bank and its staff, your money can be embezzled out or disappear if the account stays dormant for more than 3 years without any transactions.
Even in the states and S. Korea such things happen to many senior citizens who have not checked their accounts for a long time. In many cases, the account holders die of old age
and nobody claims the money anyway!! The shady bankers know this and some will steal the money!!
👌😊
Saying about the exact bank (name) of these off shores territory would be better
As if I needed anymore encouragement to go to Georgia…
Don’t - you will find out why I say so if you go
On the occasion of the 27th Ibero-American Summit of Heads of State and Government, Spain, Portugal, the Dominican Republic, Guatemala, Brazil, Nicaragua, Panama and Colombia signed a Framework Agreement to boost the movement of talent in the Ibero-American area.
This Agreement seeks to facilitate the movement between companies of executives and specialised workers, the movement of qualified professionals, researchers, investors and entrepreneurs within the Ibero-American area, along with work experience and internships for young people in Ibero-American companies, thus fostering the transfer of knowledge, innovation and scientific and intellectual creation.
Interesting
Your confidence in the USD could be misleading
I guarantee Germany is not one of them 😂
Making money is not a fortune, it is skill and if you want to become a millionaire, learn high income skills and it will you off. a fellow creator
Me miyvars saqartvelo!!!
georgia join CRS 2023 country and this not good at all
Ma'am tell us your lastname 🙂
your language is too fast takl normally
Opening a bank account as a foreigner in Georgia is very hard. There exists extreme systematic racism. The people have been fascists for a while now.
I just opened a bank account there in less than 2 days and even got a private banker who I can text on what’sapp. In addition I made a transfer from a US bank account to Bank of Georgia on a Friday afternoon and on Monday morning the funds had transferred. Not sure what you are talking about.
@@RealityTransurfingtv What is the daily spending limits on debit/credit cards in Georgia?
Doesn't Andrew ever employ bloated, fat-cat CFOs?! 😆
needs to talk slower
Slow the playback speed to .75. Works like a charm.
Georgia is too close to the current war that can easily spread to this country
Please slow down lady. I can't understand a word you're saying. Maybe every 10th word. Sorry.
Hum . I understand her. Maybe because I’m foreign and English is my second language!