How can an American open and maintain a bank account and other investments in Jamaica, West Indies?

Similar questions: American open maintain bank account investments Jamaica West Indies.

Five Straight Steps to Opening an Offshore Bank Account Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays! In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades. And opening an offshore bank account in this day and age couldn’t be simpler either!

Here are five straightforward steps to take towards opening an offshore bank account. Step One – Understand The Advantages Of Banking OffshoreThere is no point in opening a bank account offshore if it is going to be of no use to you! So you need to understand some of the general advantages of banking offshore.

Depending on an individual account holder’s personal circumstances it’s possible to reduce tax liability, increase wealth potential and maximise privacy with the use of an offshore bank account. Further advantages for an expatriate or internationally focused individual are the flexibility, ease of access and global reach that an offshore bank account may provide. Other general benefits may include asset protection, estate planning, better interest rates and the chance to exploit active business interests overseas.At this point it’s essential to point out that each individual’s circumstances are unique and a person should seek personalised professional advice before venturing into the offshore world.

This article does not constitute direct personal advice. Step Two – Pick Your Jurisdiction CarefullyThere are so many offshore banking providers offering a wide variety of account type and they are located in low to no tax jurisdictions worldwide so how do you choose which country to bank in? Again, depending on an account holder’s personal circumstances certain offshore jurisdictions will present themselves as being more favourable.

Jurisdictions range in quality from highly regulated, politically and economically stable centres like the Isle of Man, Jersey and Guernsey to high risk jurisdictions that few would recommend! Remember that an offshore centre that is suitable for an American expatriate might not be so suitable for an English international investor! Consider your circumstances, your country of residence, country of domicile and any reporting restrictions placed upon you.

Further examine the reporting requirements of any jurisdiction that you’re interested in. Step Three – Select Your Offshore Banking ProviderDo your due diligence carefully and find out who’s the financial security behind a particular bank. Research the bank’s history in terms of its stability and security.

This research is mainly applicable to those thinking considering banking with a lesser known offshore provider. Clearly if you’re thinking about opening an offshore bank account with HSBC then your research needn’t necessarily be so intense! You need to make sure that you’re comfortable with your chosen bank’s attitude towards you, its customer, and if you’re considering online banking be sure that your connection to the bank will be secure.

Much of this essential information can be found online. Step Four – Choose The Right Bank AccountWith so many providers vying for customer attention there are more account types on offer now than at any other time before. Each account structure claims to offer something the others don’t, but remember that the more bells and whistles you add to an account structure, the more expensive the charges for running and marinating such a structure will be!

And who will bear the brunt of these costs? Most likely you - the customer! So, think carefully about exactly why it is you need an offshore bank account and what are the features of that account that are essential to you.

Do not be tempted to add to this list any unnecessary complexity. Stay in touch with your immediate money management requirements; do not be tempted to deviate! Then work through what’s on offer and pick the account type that best suits your needs.

Step Five – Opening The Bank AccountNowadays you neither have to visit the offshore jurisdiction in which you wish to bank, nor do you have to travel to the country for the continuance of your banking activity and account maintenance. Depending on the jurisdiction you favour, the provider and account type you have selected you will be required to submit certain paperwork, forms of verified ID and deposit funds. The majority of legitimate offshore banking organisations will also allow customers to conduct all ongoing banking activity via the internet, e-mail, post, fax or telephone.

With many providers now offering full credit and debit card services as well you will also have easy and direct access to your funds at all times. http://www.goccp.com/ENG/offshore-accounts/Offshore_Account.htm1.Offshore Account in the Caribbean (Dominica) for your IBC We are able to assist you in the opening of an offshore account for your IBC in a private offshore Bank in Dominica for commercial and investment purposes. The bank offers to its clients' multicurrency offshore accounts, with secure on-line operation facilities, Cirrus/maestro debit cards and credit Master Card, etc. Initial deposit for the account activation is USD 1.000.

Offshore account application requires the following documents to be presented: * Certified copy of all charter documents of the company; * A Resolution of the board of directors which appoints the Bankers; * Completed application forms for the offshore account to be opened; * Notarized copy of a valid passport for each account signatory, shareholder and director (the notarization must contain the contact information on the notary public). * Proof of a permanent address for each signatory, shareholder and director such as; a recent utility bill, a credit card statement etc. * A bank reference on each signatory, director and shareholder to the account. The reference must be on a letter head of the issuing institution and the name and position of the signing officer on the reference.

* In case the company issued bearer shares the original share certificate has to be kept with the bank. Offshore bank account opening service - USD 400.2. Offshore Account in the Caribbean (St.Vincent) for your IBC We are able to introduce you to a well established private offshore bank in St. Vincent in which you may open your offshore account for commercial and investment purposes.

The bank offers multi-currency offshore accounts, with secure on-line operation facilities, Cirrus/Maestro debit cards and credit Master cards etc. The initial deposit required to activate the account is USD 800. When you make the first deposit into your account, - 165 USD will be debited from the account to pay for your secure internet access device which will be delivered to you via express courier. The following documents will be required to open the account: * The bank application forms, duly filled and signed.

We will provide the forms. * Certified copy of the incorporation documents (we provide them). * A board resolution which appoints the authorized signatories (we prepare it).

* Verification of a permanent address such as a recent utility bill for each signatory, shareholder and director. * A certified copy of a picture I.D. (passport or valid drivers' license) for each signatory. * A bank reference for each signatory, director and shareholder.

On receipt by the bank of your documents, your account should be opened within two working days. Offshore bank account opening service – USD 400. Sources: http://ezinearticles.com/?Five-Straight-Steps-to-Opening-an-Offshore-Bank-Account&id=36477 .

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I'm looking for a bank in jamaica that I can open a savings account on line while living i'm here in the usa.

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