No doubts , A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.
I recommend the services of Regina Louise Collaro, a US based financial advisor and consultant. She works with an international organization ,she has been very good to my financial journey as she is providing full & continues support till my financial goals has achieved.Finding a right financial consultant is as important as finding a right life partner, as they both play a make or break circumstances in your life. I am very happy that i have the right financial consultant, it has helped me in achieving my financial goals from education to nearly retirement.
@@Alexedmartin look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located.
@@skoopqueen I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
@@skoopqueen You are right, I am one of many who has benefited from investing with Regina Louise Collaro. 2020 is an unforgettable year in my life, back then I lost my job due to covid and had no reason to live. Regina made a good life possible for me through passive income and I owe her my life. To be honest, I feel like she is an angel of who was sent to help those who are suffering financially.
@@heavenismydomicile3280 I don’t know, but my local bank is suspending transaction to my account as a freelance worker. I opened an account with a Lithuanian bank easily
It's very difficult, there's no getting around that fact. If you are an American in Switzerland, just go straight to PostFinance, so you don't waste time at other banks. Even with a residency permit and employment, the others WILL NOT open an account for you.
The pro tip for Thailand is that for many banks (specific experience with the "dark blue" and "light blue" banks...if you are here, those designations should make sense) will open accounts with tourist visas or visa exempt stamps as long as you can show a bona fide long term lease. Even for a garbage $100/mo hole.
We have permanent residency in Mexico where we tried to open a bank account. What a rigmarole! We finally gave up. We have found that everything government related goes smoother if you pay a consultant. Maybe next time we're there...
I am a US citizen by birth. I live in Arizona. I used to maintain an account at a bank in Mumbai in India. As I am an OCI for India, it is relatively easy. I had no issues. Yes, I had a few fees. They did not hassle me. I kept the account for family reasons. BTW an OCI for India is 'not a citizenship', though the long form has the word 'citizen' in it. It is a visa akin to what a 'Green Card' would be for the USA. I basically can do many things in India as an OCI, except hold political office, own agricultural land, or deal with anything defense related. I can do virtually anything else...even work in India. Of course I pay tax accordingly in India. Dual citizenship, India and and other country, is illegal under India law. You have to show that you cut ties to other countries before getting a true India citizenship. My wife has similar for Vietnam, but the difference is that Vietnam has dual citizenship.
When I opened my account here in 2013 it was difficult. Had to try three different banks before I was able to open it. Easier if you go to the expat enclaves Coronado or Boquette. Banco General is the primary private bank. Banistmo, Multibank or Global are also good options. Banco Nacional and Caja de Ahorros are the two government owned bank. No issues wiring money in from Canadian banks other than exhorbatent fees.
@@ib9511 You need a NIF (equivalent to a social security number) and your home address will be sufficient. The NIF will enable you to rent/purchase property in Portugal.
I have a Moldovan bank account. It was easy to open. I told them where I lived and needed to wait a week to get my card, which wasn't so convenient, but it worked.
When I lived in Germany, I made it work with a dollar-denominated account with an IBAN. My colleagues (also US) had no problem opening an account with Santander and Deutche Bank (post-FATCA), as well as other small local German banks (similar to credit unions here in the US). I think its sort of how polite you are, the mood of the person working that day, and the number of expats in the area (I lived outside Frankfurt, it is a very international city, a lot of non-German and non-EU persons).
Well either that or you use trading platforms, crypto and stable coins... There are wallet service providers and trading platforms that offer Credit Card options... You don't need banks anymore...
@@berry1669 Russia didn't steal their money last time (Georgia). Nor did they from locals when they took Crimea. Anyways, last time I checked it was the West who's doing the confiscating right now (largest bank heist in history).
@@GrandChessboard south America?? Those countries run on blood money. Do you really think they care about protecting your money? They'll just about anything to make there's. I wouldn't trust those banks in never going bankrupt, for example.
Ah, offshore banking... ...it's like in Papillon, when the prisoners try to escape, there is a whole ecosystem of predators looking to take their money and send them back to prison.
Thanks Andrew. Can you make a video about the implementation of digital currency and how to protect ourselves against all this dictature where people will have to justify each transaction and maybe the disparition of cash..as many countries want to do.
I think this channel may want to start including the movement of funds into crypto accounts offshore as an alternative to offshore banks.. There are some crypto centers being established ... El Salvador, Malta, Estonia, BVI and Singapore. These are similar to offshore banking countries. Its a serious alternative to offshore banks for Americans.
Hey Thomas, could not agree with you more. Just like some US citizens keep gold offshore in vaults such as the Caymans or Switzerland, I think more and more Americans are looking at holding their crypto offshore for asset protection and diversification. All part of an overall Plan B.
Please can you help do you know of a bank in US with this name WESTLAKE COUNTRY BANK?😢 I have a huge problem and the bank doent reply to my problem at all. My friend works offshore so he had problems to log into his account from his country then I loged into his account from my country and after ordered his stock the account was blocked and I couldn't pay for shipment. Then the bank wanted us to pay a huge amount of money in my country bank to unblock my friends account. But we don't have the money to pay and now we fear his going to lose his job due to the company money that's in his account for a job that must be done. What can I do please any advise?
I don't like the idea of some country forcing me to get a bank account and keep a certain amount of money in it. To me that is offensive and disrespectful.
I went to one bank in Asia 3 hours trying to open and pulled my hair out Left and went across the street to another bank and they either didn't care or know and opened without filling out irs paperwork If I didn't have luck with opening id just keep the money in a cookie jar Banks don't pay much interest anyways Or if your spouse isn't a us citizen. Or green card holder have her open an account in her name and country and deposit your money in her account Doesn't the us government think these things thru?
For Malaysia, I was able to open the needed accounts for MM2H via HSBC which is there and here in the US. There was some resistance (some branches said no) but my agent found the right branch there in Penang. Yes, kind of like dealing with a completely new bank but I was able to wire the money electronically via the global premier acct I have with HSBC so it did help some to approach it that way (find a bank that has a presence in both locations).
This whole “it’s really tough for US citizens” is not true. Just need to be a bit more creative and resourceful. Many countries you can apply for temporary residency, then easily get a bank account open.
You mention that some banks will not accept former US citizens. Given that some countries will not allow multiple citizenships and others will, it would be interesting if it was more clear if this was a factor. Are the banks, that do not accept former US citizens, refusing accounts if your passport will allow multiple citizenships and accepting accounts if your passport does not allow multiple citizenships, like Singapore? I presume they would be more accepting for a country, like Singapore, that does not allow multiple citizenships as there is less chance that the person is hiding the fact they are still US citizen.
Hey Scott, there are so many ways to set up a solid trifecta of off shore accounts that are fairly easy, even for US citizens. Many countries actually require you to open an account in order to obtain residency.
Andrew first of all thank you for opening my mind i am a fan since many years and actually did it and became a nomand in apac now . However also i need to admit i did not listen to you and booked some cheap offshore services SFM finance and now after 1 year and 5k i have a bvi company but no bank account. I should have listen to you but i am only 5-6 figures so i cannot affort your service... however please consider helping an old fan, is there any way you and your team can help me ? All the best for you
Living in Switzerland is honestly infeasible for most US citizens anyhow. I don't see a point in opening a foreign account if you don't live there. I've been rocking a Russian bank account since 2015. I've used it for daily living since I'm in this part of the world. Something interesting people have been doing to move money in and out of Russia is moving it through crypto currency. Luckily I haven't needed to do this.
they wouldn't know, if you signed up with your foreign, non-US passport, you are essentially a foreign citizen. same applies to travel as i've done it before.
FBAR forms plus IRS law scares me. Ever see that form. Result is to dissuade me from trying to open foreign account. Penalty to complete the form and ensure its delivery is worse then jail. .
As he said, the US government has asked many foreign countries to report the overseas accounts of US citizens. The extra work this generates for the bank is not worth their effort to have US customers.
@@teomcmeo8905 In the bitter end you still to spend or trade that fake digital money in somebody's country and that country can legally outlaw your crypto money like India or Nigeria - because it's their country and laws - hands down!
@@dexterspeights3484 You're right...nobody buys or sells heroin in Nigeria or India. And there definitely are no black markets for US Dollars in Cuba. Or Venezuela. Or Lebanon. Orrrr... Well, you get the idea.
BORN2GO.... Consider: The JUST shall live by Faith ...not by Finance. Born-again go to Heaven!! BBB(666) do not go to Heaven. Actually.... Faith, First Family, Second Finance, Third Fellowship, Fourth
No doubts , A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.
I recommend the services of Regina Louise Collaro, a US based financial advisor and consultant. She works with an international organization ,she has been very good to my financial journey as she is providing full & continues support till my financial goals has achieved.Finding a right financial consultant is as important as finding a right life partner, as they both play a make or break circumstances in your life. I am very happy that i have the right financial consultant, it has helped me in achieving my financial goals from education to nearly retirement.
@@ugojazzy7812 thanks for this. Can you please share her details
@@Alexedmartin look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located.
@@skoopqueen I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me .
@@skoopqueen You are right, I am one of many who has benefited from investing with Regina Louise Collaro. 2020 is an unforgettable year in my life, back then I lost my job due to covid and had no reason to live. Regina made a good life possible for me through passive income and I owe her my life. To be honest, I feel like she is an angel of who was sent to help those who are suffering financially.
Excellent advice, thanks again Andrew!
I recommend Paysera, a Lithuanian bank account.
Doesn’t lithuania still have a sparbach type bank account like austria used to have?
@@heavenismydomicile3280 I don’t know, but my local bank is suspending transaction to my account as a freelance worker. I opened an account with a Lithuanian bank easily
It's very difficult, there's no getting around that fact. If you are an American in Switzerland, just go straight to PostFinance, so you don't waste time at other banks. Even with a residency permit and employment, the others WILL NOT open an account for you.
Thanks for the tip
@Ulrich Leland Because of FATCA.
@Ulrich Leland fatca!
List of non fatca banks? Heard Goergia was going next year.
The pro tip for Thailand is that for many banks (specific experience with the "dark blue" and "light blue" banks...if you are here, those designations should make sense) will open accounts with tourist visas or visa exempt stamps as long as you can show a bona fide long term lease. Even for a garbage $100/mo hole.
We have permanent residency in Mexico where we tried to open a bank account. What a rigmarole! We finally gave up. We have found that everything government related goes smoother if you pay a consultant. Maybe next time we're there...
What about Italy? I could qualify for dual citizenship through citizenship by descent.
I am a US citizen by birth. I live in Arizona. I used to maintain an account at a bank in Mumbai in India. As I am an OCI for India, it is relatively easy. I had no issues. Yes, I had a few fees. They did not hassle me. I kept the account for family reasons.
BTW an OCI for India is 'not a citizenship', though the long form has the word 'citizen' in it. It is a visa akin to what a 'Green Card' would be for the USA. I basically can do many things in India as an OCI, except hold political office, own agricultural land, or deal with anything defense related. I can do virtually anything else...even work in India. Of course I pay tax accordingly in India. Dual citizenship, India and and other country, is illegal under India law. You have to show that you cut ties to other countries before getting a true India citizenship.
My wife has similar for Vietnam, but the difference is that Vietnam has dual citizenship.
Bank account in India? Why not Mogadishu? You won't even need an ID.
Can we do a canadian version of this?
Please!
Easy - you can open everywhere
@@MyLatinLife how are Canadians so much different than Americans?
@@bepreparedforwhatscoming4975 Tax and Financial reporting requirements
@@MyLatinLife both countries are heading in the same direction. There won’t be much of a difference for much longer I’m guessing
@@bepreparedforwhatscoming4975 The reason is because USA has citizenship based taxation. Canadians can leave their tax system and pay 0%
I opened a bank account in Italy in 2007 and still have it.
what about Canadian citizens open accounts in Panama
Canada doesn't have the same reporting requirements. So Canadians have no problem. More freedom.
When I opened my account here in 2013 it was difficult. Had to try three different banks before I was able to open it. Easier if you go to the expat enclaves Coronado or Boquette.
Banco General is the primary private bank. Banistmo, Multibank or Global are also good options.
Banco Nacional and Caja de Ahorros are the two government owned bank.
No issues wiring money in from Canadian banks other than exhorbatent fees.
@@masyapanama1298 thanks a lot I'm going there this winter and try
You’re living in Colombia yet you never mentioned if it’s easy or not opening an account there.
I opened a Portuguese bank account a few months ago.
Do you need a tax registry number and an address to do that?
@@ib9511 You need a NIF (equivalent to a social security number) and your home address will be sufficient. The NIF will enable you to rent/purchase property in Portugal.
@@ZIM626😊Good to know. Thanks
I have an Irish passport. Can I just go to an Irish bank?
Well you just set up a Shell Company and get a Business Bank Account.
I have a Moldovan bank account. It was easy to open. I told them where I lived and needed to wait a week to get my card, which wasn't so convenient, but it worked.
When I lived in Germany, I made it work with a dollar-denominated account with an IBAN. My colleagues (also US) had no problem opening an account with Santander and Deutche Bank (post-FATCA), as well as other small local German banks (similar to credit unions here in the US). I think its sort of how polite you are, the mood of the person working that day, and the number of expats in the area (I lived outside Frankfurt, it is a very international city, a lot of non-German and non-EU persons).
that is how it used to be, now however, mention the US and you'll be immediately escorted out
Well either that or you use trading platforms, crypto and stable coins... There are wallet service providers and trading platforms that offer Credit Card options...
You don't need banks anymore...
Names plse
Andrew can you make another video about banking in Georgia and Armenia?
I have heard the criteria and process has changed.
and the Russians walk in and your money is gone
@@berry1669 Russia didn't steal their money last time (Georgia). Nor did they from locals when they took Crimea. Anyways, last time I checked it was the West who's doing the confiscating right now (largest bank heist in history).
@@berry1669 you’ve been watching to much Disneyland nonsense!
@@GrandChessboard again you’re clueless!
@@GrandChessboard south America?? Those countries run on blood money. Do you really think they care about protecting your money? They'll just about anything to make there's. I wouldn't trust those banks in never going bankrupt, for example.
Interesting video. Not likely to need that info in the near future, but still good to know.
Ah, offshore banking... ...it's like in Papillon, when the prisoners try to escape, there is a whole ecosystem of predators looking to take their money and send them back to prison.
Thanks Andrew. Can you make a video about the implementation of digital currency and how to protect ourselves against all this dictature where people will have to justify each transaction and maybe the disparition of cash..as many countries want to do.
I think this channel may want to start including the movement of funds into crypto accounts offshore as an alternative to offshore banks.. There are some crypto centers being established ... El Salvador, Malta, Estonia, BVI and Singapore. These are similar to offshore banking countries. Its a serious alternative to offshore banks for Americans.
Hey Thomas, could not agree with you more.
Just like some US citizens keep gold offshore in vaults such as the Caymans or Switzerland, I think more and more Americans are looking at holding their crypto offshore for asset protection and diversification.
All part of an overall Plan B.
Please can you help do you know of a bank in US with this name WESTLAKE COUNTRY BANK?😢 I have a huge problem and the bank doent reply to my problem at all. My friend works offshore so he had problems to log into his account from his country then I loged into his account from my country and after ordered his stock the account was blocked and I couldn't pay for shipment. Then the bank wanted us to pay a huge amount of money in my country bank to unblock my friends account. But we don't have the money to pay and now we fear his going to lose his job due to the company money that's in his account for a job that must be done. What can I do please any advise?
Too much taxes ...
I don't like the idea of some country forcing me to get a bank account and keep a certain amount of money in it. To me that is offensive and disrespectful.
I went to one bank in Asia
3 hours trying to open and pulled my hair out
Left and went across the street to another bank and they either didn't care or know and opened without filling out irs paperwork
If I didn't have luck with opening id just keep the money in a cookie jar
Banks don't pay much interest anyways
Or if your spouse isn't a us citizen. Or green card holder have her open an account in her name and country and deposit your money in her account
Doesn't the us government think these things thru?
When was this lol
@@idirhhrin8876 a year ago
For Malaysia, I was able to open the needed accounts for MM2H via HSBC which is there and here in the US. There was some resistance (some branches said no) but my agent found the right branch there in Penang. Yes, kind of like dealing with a completely new bank but I was able to wire the money electronically via the global premier acct I have with HSBC so it did help some to approach it that way (find a bank that has a presence in both locations).
Thanks Andrew!
This whole “it’s really tough for US citizens” is not true.
Just need to be a bit more creative and resourceful.
Many countries you can apply for temporary residency, then easily get a bank account open.
God bless you and thank you for the work that you do!❤
In your opinion …. Off the top of your head in the republic of Georgia which bank would you choose, TBC or The Bank of Georgia
You mention that some banks will not accept former US citizens. Given that some countries will not allow multiple citizenships and others will, it would be interesting if it was more clear if this was a factor. Are the banks, that do not accept former US citizens, refusing accounts if your passport will allow multiple citizenships and accepting accounts if your passport does not allow multiple citizenships, like Singapore? I presume they would be more accepting for a country, like Singapore, that does not allow multiple citizenships as there is less chance that the person is hiding the fact they are still US citizen.
Hey Scott, there are so many ways to set up a solid trifecta of off shore accounts that are fairly easy, even for US citizens. Many countries actually require you to open an account in order to obtain residency.
@@HowWeLife my 16 year old is beginning their search on exactly How
Andrew first of all thank you for opening my mind i am a fan since many years and actually did it and became a nomand in apac now . However also i need to admit i did not listen to you and booked some cheap offshore services SFM finance and now after 1 year and 5k i have a bvi company but no bank account. I should have listen to you but i am only 5-6 figures so i cannot affort your service... however please consider helping an old fan, is there any way you and your team can help me ? All the best for you
what about banks in czech republic or slovak republic? Any advice for banking in those countries?
Looking for offshore bank that allows Americans and the ability to invest in publicly traded markets with leverage. Please provide bank names.
7 or 8 figures.. 😢.
Living in Switzerland is honestly infeasible for most US citizens anyhow. I don't see a point in opening a foreign account if you don't live there. I've been rocking a Russian bank account since 2015. I've used it for daily living since I'm in this part of the world. Something interesting people have been doing to move money in and out of Russia is moving it through crypto currency. Luckily I haven't needed to do this.
You probably gonna want to in the future when their currency is digital and it tracks all you do. XMR is a privacy coin you could use, for example
I am not an American, but I imagine if you hide the fact you have a US citizenship and just show your other passport, how would the bank know?
they wouldn't know, if you signed up with your foreign, non-US passport, you are essentially a foreign citizen. same applies to travel as i've done it before.
Banks love to send Andrew public hate mail.
Hi Andrew are you familiar with Kinesis banking? Any knowledge on this bank be great.
FBAR forms plus IRS law scares me. Ever see that form. Result is to dissuade me from trying to open foreign account. Penalty to complete the form and ensure its delivery is worse then jail. .
Nice bodo
try to open Swiss Bank account if you ever lived in the US, good luck
Why some banks do not like Americans??
As he said, the US government has asked many foreign countries to report the overseas accounts of US citizens. The extra work this generates for the bank is not worth their effort to have US customers.
Count IRS of USA, FATCA and Draconian TAX Laws!
AIDS.
Fatca
Bitcoin solves this.
Countries can OUTLAW CRYPTO and you have nothing to trade for real money!
@@dexterspeights3484 they can’t do shit
@@dexterspeights3484 Someone has no idea wtf they are saying.
@@teomcmeo8905 In the bitter end you still to spend or trade that fake digital money in somebody's country and that country can legally outlaw your crypto money like India or Nigeria - because it's their country and laws - hands down!
@@dexterspeights3484 You're right...nobody buys or sells heroin in Nigeria or India.
And there definitely are no black markets for US Dollars in Cuba. Or Venezuela. Or Lebanon. Orrrr...
Well, you get the idea.
why hide money offshore when you can do it onshore in places like Delaware and London
I think London is only high net worth
🇺🇦🇺🇦🇺🇦🇺🇦🇺🇦
_How to Open an Offshore Bank Account as a US Citizen?_
Just ask Trump! :D
BORN2GO....
Consider: The JUST shall live by Faith
...not by Finance.
Born-again go to Heaven!!
BBB(666) do not go to Heaven.
Actually....
Faith, First
Family, Second
Finance, Third
Fellowship, Fourth