How to Open a Bank Account in the Cayman Islands
Posted by jackbassteam
The Tax Haven System : Introduction
A system for tax minimization is how my mentor amassed his first fortune.
THE SYSTEM was domestic – I have now expanded that to concentrate on offshore tax havens as a system to minimize taxes to allow for wealth retention and creation.
Our system involves the multi-layered use of incorporation, trusts, foundations and bank accounts as reflected in client needs for security and tax minimization.
THE BOTTOM LINE We can assist you at saving tax dollars – IF you will stop ” thinking it over” and take action.
Opting Out Of Paying Taxes – shifting to low tax jurisdictions is increasing . What are you doing?
Proceed – but with caution . We provide a no cost or obligation overview service Email email@example.com or call Jack direct at 604-858-3202 ( same time zone as Los Angeles .
The differences between an offshore account and an investment account.
Having a bank account and an investment account are two different things, each having distinct tax implications.
Offshore bank accounts are administered by banks and offer traditional services associated with holding a bank account: spending, receiving, and transferring funds, along with earning some forms of interest. If you just want to hold money in an offshore account, a bank account is probably your way to go.
Offshore investment accounts are administered by investors and can hold money in different currencies, as well as stocks, bonds, and mutual funds. They provide greater flexibility than bank accounts, but may come with higher fees. If you want to hold assets in addition to cash overseas, an investment account may be your best bet You can name Jack A. Bass as a portfolio manager as well as yourself. Please email firstname.lastname@example.org with any questions.
You don’t need to go to the Cayman Islands to open the account. Accounts can be opened by mail / email/ fax , precluding the need for you to visit Cayman in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts.
Cayman private banks are more about investment and portfolio management than normal banking.
Fees are associated with setting up a bank account. We shop around for competitive pricing. These fees may not be insignificant. It may cost somewhere in the area of $500 to $1,000 to set up an offshore account.
.If you are required to show an apostilles stamp, you will need to visit your governmental office to obtain a state or national version of that stamp or use Jack A. Bass to obtain same as part of the application process.
Requirements needed to set up an account.
Jack A. Bass and Associates has a list of the required documents . These may include
Proof of identity.
Copy of your passport. (May be distinct from proof of identity.)
Proof of residence.
Description of the expected uses of the money.
Increasingly banks will ask for information to verify you are not a criminal and to identify the source and purpose of your money.
Learn how to deposit funds into your account. Most modern offshore bank accounts effect transfers by electronic wire transfer. Many offshore banks do not accept foreign checks.
Learn how to withdraw funds from your account. Although most banks will issue a debit card associated with your account, you may need to pay fees in order to withdraw funds from your bank account.
Make sure your chosen bank has internet banking facilities.
Account officers can be appointed speaking English, French, Spanish, German, Italian, Russian and Arabic and the service can be customised to your needs
To start –
Tax Haven Savings – Contact Information
Are you finally taking the step to tax freedom by incorporation and banking in a low tax jurisdiction? and if not why not ?
Information must proceed action and that is We provide a no cost or obligation overview service
Email email@example.com or call Jack direct at 604-858-3202 ( same time zone as Los Angeles -Monday – Friday 9:00-5:00