Why Use Offshore Banking

Introduction – What we are going to do is show you some reasons for going offshore. This article is revised in July 2011 and is timed to the current political, legal and economic trends. You will probably never encounter a firm who spells it out like we do. We go to great pains to find asset protection structures that are not run of the mill standard offerings commonly found. We go to great pains to make sure the clients are well protected using many layers to guard against all sorts of financial enemies the client might have today or financial enemies that may emerge sometime later on. This involves serious research to find the right corporations, trusts, banks and jurisdictions. There are different structures for different clients. People come from different countries, do business in different countries, have different needs, have different financial concerns, goals etc. This means asset protection needs to take an individualized approached to be effective. That is why we are eager to talk with potential clients and discuss the various options and which one is best suited for them. We will explain this below so please keep reading. If nothing else we promise you a good education in the world of offshore asset protection with no punches pulled.

Information Sharing With Other Countries – We can put you into a jurisdiction where there is not going to be any sharing of information for tax purposes. The first thing you want to look for are Tax Information Exchange Agreements (TIEA). There are about forty nations that have not signed Tax Information Exchange Agreements. None of these nations has been placed on a gray list or a black list. There are too many of them for this to happen. In fact there is no such list to be found anywhere including with the OECD. The list did exist some years ago. Most of these nations lacking TIEA's are not suitable banking jurisdictions. The banks in some of these countries free of TIEA's are bad for serious reasons.

The country must not tax offshore derived income and have no capital gains or inheritance taxes.

The bank has to offer numerous currencies not just their own currency and the USD.

Many of these banks do not have online banking allowing wires to be sent online because of fears of fraud. You need to be able to operate the bank account online including having the ability to send out wire transfers online.

The bank must not require a personal visit to the bank.

The bank must allow the account to be opened with a minimum of documents and not require any bank reference letters which can be interpreted as a suspicious transaction.

There needs to be bank secrecy present in the country.

The bank must allow the account to be opened using an anonymous bearer share corporation so your name does not appear as an owner in any public registry or database in any country. Every time a wire is sent or received the name of the bank account appears in the wire. Banks, central banks and governments can see these wires traveling over the various wire systems (SWIFT and IBAN). Personal accounts are not secure because the name of the bank account is the name of the person. When we use an anonymous bearer share corporation the name of the bank account is the name of the corporation. With such corporations the name of the owners is not in any public registry or database so privacy is preserved.

So you can see there are a lot of parameters that we consider before we use a country or a bank.

Tax Information Exchange Agreements - These agreements are done through the OECD. To see the list of tax treaties go directly to the OECD website here:

Tax Information Exchange Agreements (TIEAs)

These treaties allow one country to request bank account information based on nothing more than suspicion of tax law violations. If the country wants the banking records they can request them from the government of the the country the bank is located in. They cannot say hey give me the bank records of every person who is from such and such a country. They could send over a list of 20,000 names and account numbers and say we would like these banking records. They did something like this in Switzerland. So if the bank is in a country that has a tax treaty with the country of your passport that was used to open the bank account, then this is not secure and your privacy is in potential jeopardy. This is one reason many people get second passports. When these countries get the bank records they can file court papers or tax related filings if they “think” you owe taxes, and thus your bank records can get into the public domain. Your private financial matters have now become public knowledge. This could open up issues with other legal matters and exposing you to potential financial enemies. This could affect past or ongoing court cases you might have had like divorce, bankruptcy, or civil disputes. It could lead to kidnapping, extortion, blackmail, theft, fraud and other crimes you could become a victim of. Tax Information Exchange Agreements (TIEA) are a major privacy violator. You will rarely if at all, ever encounter a firm who spells it out like we do. Our selection of products and services is not run of the mill by far. We go to great pains to make sure the clients are well protected. This involves digging deep to find the right corporations, trusts, banks and jurisdictions. Most will fail to point out that a TIEA can also be used to get into corporate or trust records, not just bank accounts. When you take this into account which is country specific, you can readily see why any decent asset protection package must be custom designed to take these things into account.

Mutual Legal Assistance Treaties (MLAT) – These are treaties different countries have amongst themselves to assist each other in criminal matters. Such treaties could be used to get into corporate or trust records as well as bank accounts. It is best to set up the asset protection structure to avoid such treaties and this can be different for people from different countries. If you are charged with a tax crime this could affect you. The case must be filed in the national courts of the country charging you. They normally would tag on money laundering, tax fraud and other embellishments. Do bear in mind that these treaties can only be invoked if there is already a criminal case on file in the national courts, not the local courts. The MLAT is a diplomatic process. It works through the embassy and follows a MLAT treaty. Such a treaty could be used to get into bank records, corporate records, trust records etc. They have to request the information and say they need this information to prosecute their case and explain why they have no other way to get this information. The country makes a request and it gets considered. They might ask questions, they might refuse or they might comply in whole or in part with the request. We do offer corporations and banking in countries that do not have any MLAT treaties with USA, Canada and most nations. This would be Guatemala and out European Numbered Account Structure. Both of these jurisdictions also have no Tax Information Exchange Agreement and no Double taxation agreements. They do not tax offshore derived income, they do not tax capital gains on bank interest income and they have no inheritance tax. They have multi currency capability. They have full online banking. They have bank secrecy laws in place. They also accept anonymous bearer share corporations to open bank accounts with and these corporations can come from nations without any Mutual Legal Assistance Treaties or Tax Information Exchange Agreements to ensure privacy and security.

Offshore Numbered Andorra Bank Account - Well we now can get numbered bank accounts. These are very difficult to get. We are not using Switzerland, Austria, Lichtenstein or any of the other privacy violating European Jurisdictions. Your name will not appear as the name of the account, just the number. We are conservative in our banking evaluations and these accounts are very secure and private. The bank is top notch. Multi currency accounts are available including USD, EURO, CAD, AUD, GBP and CHF plus other currencies. They speak english, french and spanish. They answer the phones, return emails, private bankers available and they have stock brokerage in all major markets and Forex. They also offer allocated gold and silver. We can open up these bank accounts using a Guatemala anonymous bearer share corporation. Due to our special relationship with the bank there is no need to go to the bank for the account opening. The bank is over 50 years old and has over a billion euros. Guatemala has no Mutual Legal Assistance Treaty (MLAT) or Tax Information Exchange Agreement (TIEA ) like the country of the bank. The corporate account can be used to send and receive wires and the numbered account can be used to receive and send internal transfers to and from the corporate account. The numbered account stores the savings, the corporate account sends and receives the wires. No one knows about the numbered account unless you tell them. The corporate account can have a Visa card with only the corporate name on it or in the magnetic strip. The numbered account can have another Visa card with only the first initial in place of the last name. This assures you the utmost in asset protection. Here are some of the advantages:

1) Only a handful of senior management personnel at the bank can access numbered account records

2) The numbered accounts can have Visa and MasterCards tied directly to the account.

3) Card names can be secure, Arthur C. Bates can be Arthur C.B. on the credit card

4) The Bank is in Europe but Andorra is not in the European Union

5) Andorra has excellent laws concerning banking secrecy with serious penalties for violators

6) International wire transfers can be sent out online in many currencies. SWIFT and IBAN capable.

7) Multi- Currency Accounts includes all Major Currencies – USD, EURO, British Pound, Swiss Franc, Australian Dollar, Canadian Dollar, Singapore Dollar. You can diversify currency holdings.

8) You can hold Gold & Silver – Allocated precious metals stored inside the bank. You can take delivery of the precious metals. They charge ½ of 1% per annum as a storage fee for precious metals.

9) Stock Brokerage Account through the Bank. Trade all major exchanges around the world and forex

10) Fast account opening without a personal visit

11) No Andorran Taxes – no income tax, no capital gains tax on stocks or gold, no inheritance taxes

12) No Tax Treaties with US, Canada, Australia, India or Latin American Countries. None.

13) No Mutual Legal Assistance Treaty with USA, Canada. Guatemala also lacks these treaties.

14) Anonymous Bearer Share IBC Corporations can be used from Belize, Nevis and Guatemala

15) Anonymous Belize Trusts can be used as the beneficiary owner of the corporate bank account

16) Bank is a billion and a half EURO bank

17) Bank is more than 50 years old. Old money bank.

18) Bank staff speak English, Spanish and French

19) Bankers promptly respond to emails and they accept phone calls from clients

20) Private Banking Division available with minimum deposit

21) Corporate accounts and numbered accounts have no minimum.

22) Accounts open fast 10-14 days for all including corporation or trust formation

For more information on the Andorra Numbered Accounts Click Here:

Offshore Numbered Bank Accounts

Guatemala – This is a sleeper and where we maintain an office. Guatemala is not considered to be an offshore tax haven of any sort. They do not tax offshore derived income and no capital gains tax on bank interest. There is no Tax Information Exchange Agreement with any country. There are no Double Taxation Agreements. They have no Mutual Legal Assistance Treaties with EU, Canada and USA. Domesticating a foreign judgment in Guatemala is most difficult. They have billion dollar banks with online banking. You will be restricted to using the USD, Euros, or the local currency. The local currency, quetzal, is a good one. Banks pay 2.5% in USD and 7% on quetzal accounts. Guatemala banks have a small amount of government bank insurance. This let's you know the government is watching the banks. Guat

Introduction – What we are going to do is show you some reasons for going offshore. This article is revised in July 2011 and is timed to the current political, legal and economic trends. Be advised that Panama has changed their secrecy laws. Panama now shares information with the USA due to Tax Information Sharing Agreements. This means the Panama Banks will need to comply with information requests pursuant to the treaty. Panama has also sighned a number of double taxation treaties. You will probably never encounter a firm who spells it out like we do. We go to great pains to find asset protection structures that are not run of the mill standard offerings commonly found. We go to great pains to make sure the clients are well protected using many layers to guard against all sorts of financial enemies the client might have today or financial enemies that may emerge sometime later on. This involves serious research to find the right corporations, trusts, banks and jurisdictions. There are different structures for different clients. People come from different countries, do business in different countries, have different needs, have different financial concerns, goals etc. This means asset protection needs to take an individualized approached to be effective. That is why we are eager to talk with potential clients and discuss the various options and which one is best suited for them. We will explain this below so please keep reading. If nothing else we promise you a good education in the world of offshore asset protection with no punches pulled.

Information Sharing With Other Countries – We can put you into a jurisdiction where there is not going to be any sharing of information for tax purposes. The first thing you want to look for are Tax Information Exchange Agreements (TIEA). There are about forty nations that have not signed Tax Information Exchange Agreements. None of these nations has been placed on a gray list or a black list. There are too many of them for this to happen. In fact there is no such list to be found anywhere including with the OECD. The list did exist some years ago. Most of these nations lacking TIEA's are not suitable banking jurisdictions. The banks in some of these countries free of TIEA's are bad for serious reasons.

The country must not tax offshore derived income and have no capital gains or inheritance taxes.

The bank has to offer numerous currencies not just their own currency and the USD.

Many of these banks do not have online banking allowing wires to be sent online because of fears of fraud. You need to be able to operate the bank account online including having the ability to send out wire transfers online.

The bank must not require a personal visit to the bank.

The bank must allow the account to be opened with a minimum of documents and not require any bank reference letters which can be interpreted as a suspicious transaction.

There needs to be bank secrecy present in the country.

The bank must allow the account to be opened using an anonymous bearer share corporation so your name does not appear as an owner in any public registry or database in any country. Every time a wire is sent or received the name of the bank account appears in the wire. Banks, central banks and governments can see these wires traveling over the various wire systems (SWIFT and IBAN). Personal accounts are not secure because the name of the bank account is the name of the person. When we use an anonymous bearer share corporation the name of the bank account is the name of the corporation. With such corporations the name of the owners is not in any public registry or database so privacy is preserved.

So you can see there are a lot of parameters that we consider before we use a country or a bank.

Tax Information Exchange Agreements - These agreements are done through the OECD. To see the list of tax treaties go directly to the OECD website here:

Tax Information Exchange Agreements (TIEAs)

These treaties allow one country to request bank account information based on nothing more than suspicion of tax law violations. If the country wants the banking records they can request them from the government of the the country the bank is located in. They cannot say hey give me the bank records of every person who is from such and such a country. They could send over a list of 20,000 names and account numbers and say we would like these banking records. They did something like this in Switzerland. So if the bank is in a country that has a tax treaty with the country of your passport that was used to open the bank account, then this is not secure and your privacy is in potential jeopardy. This is one reason many people get second passports. When these countries get the bank records they can file court papers or tax related filings if they “think” you owe taxes, and thus your bank records can get into the public domain. Your private financial matters have now become public knowledge. This could open up issues with other legal matters and exposing you to potential financial enemies. This could affect past or ongoing court cases you might have had like divorce, bankruptcy, or civil disputes. It could lead to kidnapping, extortion, blackmail, theft, fraud and other crimes you could become a victim of. Tax Information Exchange Agreements (TIEA) are a major privacy violator. You will rarely if at all, ever encounter a firm who spells it out like we do. Our selection of products and services is not run of the mill by far. We go to great pains to make sure the clients are well protected. This involves digging deep to find the right corporations, trusts, banks and jurisdictions. Most will fail to point out that a TIEA can also be used to get into corporate or trust records, not just bank accounts. When you take this into account which is country specific, you can readily see why any decent asset protection package must be custom designed to take these things into account.

Mutual Legal Assistance Treaties (MLAT) – These are treaties different countries have amongst themselves to assist each other in criminal matters. Such treaties could be used to get into corporate or trust records as well as bank accounts. It is best to set up the asset protection structure to avoid such treaties and this can be different for people from different countries. If you are charged with a tax crime this could affect you. The case must be filed in the national courts of the country charging you. They normally would tag on money laundering, tax fraud and other embellishments. Do bear in mind that these treaties can only be invoked if there is already a criminal case on file in the national courts, not the local courts. The MLAT is a diplomatic process. It works through the embassy and follows a MLAT treaty. Such a treaty could be used to get into bank records, corporate records, trust records etc. They have to request the information and say they need this information to prosecute their case and explain why they have no other way to get this information. The country makes a request and it gets considered. They might ask questions, they might refuse or they might comply in whole or in part with the request. We do offer corporations and banking in countries that do not have any MLAT treaties with USA, Canada and most nations. This would be Guatemala and out European Numbered Account Structure. Both of these jurisdictions also have no Tax Information Exchange Agreement and no Double taxation agreements. They do not tax offshore derived income, they do not tax capital gains on bank interest income and they have no inheritance tax. They have multi currency capability. They have full online banking. They have bank secrecy laws in place. They also accept anonymous bearer share corporations to open bank accounts with and these corporations can come from nations without any Mutual Legal Assistance Treaties or Tax Information Exchange Agreements to ensure privacy and security.

Offshore Numbered Andorra Bank Account - Well we now can get numbered bank accounts. Panama used to have these numbered accounts years ago but eliminated them. These numbered accounts are very difficult to get. We are not using Switzerland, Austria, Lichtenstein or any of the other privacy violating European Jurisdictions. Andorra is a most secure jurisdiction. Your name will not appear as the name of the account, just the number. We are conservative in our banking evaluations and these accounts are very secure and private. The bank is top notch. Multi currency accounts are available including USD, EURO, CAD, AUD, GBP and CHF plus other currencies. They speak english, french and spanish. They answer the phones, return emails, private bankers available and they have stock brokerage in all major markets and Forex. They also offer allocated gold and silver. We can open up these bank accounts using a Guatemala anonymous bearer share corporation. Due to our special relationship with the bank there is no need to go to the bank for the account opening. The bank is over 50 years old and has over a billion euros. Guatemala has no Mutual Legal Assistance Treaty (MLAT) or Tax Information Exchange Agreement (TIEA ) like the country of the bank. The corporate account can be used to send and receive wires and the numbered account can be used to receive and send internal transfers to and from the corporate account. The numbered account stores the savings, the corporate account sends and receives the wires. No one knows about the numbered account unless you tell them. The corporate account can have a Visa card with only the corporate name on it or in the magnetic strip. The numbered account can have another Visa card with only the first initial in place of the last name. This assures you the utmost in asset protection. Here are some of the advantages:

1) Only a handful of senior management personnel at the bank can access numbered account records

2) The numbered accounts can have Visa and MasterCards tied directly to the account.

3) Card names can be secure, Arthur C. Bates can be Arthur C.B. on the credit card

4) The Bank is in Europe but Andorra is not in the European Union

5) Andorra has excellent laws concerning banking secrecy with serious penalties for violators

6) International wire transfers can be sent out online in many currencies. SWIFT and IBAN capable.

7) Multi- Currency Accounts includes all Major Currencies – USD, EURO, British Pound, Swiss Franc, Australian Dollar, Canadian Dollar, Singapore Dollar. You can diversify currency holdings.

8) You can hold Gold & Silver – Allocated precious metals stored inside the bank. You can take delivery of the precious metals. They charge ½ of 1% per annum as a storage fee for precious metals.

9) Stock Brokerage Account through the Bank. Trade all major exchanges around the world and forex

10) Fast account opening without a personal visit

11) No Andorran Taxes – no income tax, no capital gains tax on stocks or gold, no inheritance taxes

12) No Tax Treaties with US, Canada, Australia, India or Latin American Countries. None.

13) No Mutual Legal Assistance Treaty with USA, Canada. Guatemala also lacks these treaties.

14) Anonymous Bearer Share IBC Corporations can be used from Belize, Nevis and Guatemala

15) Anonymous Belize Trusts can be used as the beneficiary owner of the corporate bank account

16) Bank is a billion and a half EURO bank

17) Bank is more than 50 years old. Old money bank.

18) Bank staff speak English, Spanish and French

19) Bankers promptly respond to emails and they accept phone calls from clients

20) Private Banking Division available with minimum deposit

21) Corporate accounts and numbered accounts have no minimum.

22) Accounts open fast 10-14 days for all including corporation or trust formation

For more information on the Andorra Numbered Accounts Click Here:

Offshore Numbered Bank Accounts

Guatemala – This is a sleeper and where we maintain an office. Guatemala is not considered to be an offshore tax haven of any sort. They do not tax offshore derived income and no capital gains tax on bank interest. There is no Tax Information Exchange Agreement with any country. There are no Double Taxation Agreements. They have no Mutual Legal Assistance Treaties with EU, Canada and USA. Domesticating a foreign judgment in Guatemala is most difficult. They have billion dollar banks with online banking. You will be restricted to using the USD, Euros, or the local currency. The local currency, quetzal, is a good one. Banks pay 2.5% in USD and 7% on quetzal accounts. Guatemala banks have a small amount of government bank insurance. This let's you know the government is watching the banks. Guatemala has anonymous bearer share corporations. Corporation and bank account can be opened in 7-10 days. We only need a scan of a passport to get a bank account in Guatemala. For more information go here:

Guatemala Bank Account

Hong Kong - Hong Kong is a good jurisdiction. The account opening can be quite slow, 6-10 weeks. The due diligence requirements to open the account can be tedious. They refuse some types of businesses and may ask you to prove you are in business. They have no TIEA's (Tax Information Exchange Agreements). They do have Mutual Legal Assistance Treaties. They offer government bank insurance ($65,000 per account) which is a big plus. One can hold ten currencies and gold in the bank account. The gold is not allocated, but it is held in a trust. You cannot hold silver. You do not have to go to Hong Kong to open the bank account. English is an official language of the country. The bank we use is a trillion dollar bank. The country is too big to be bullied by other countries since it is essentially China.

Hong Kong Bank Accounts and Hong Kong Corporations

Belize - Belize does work but not for those from all nations. It will work for USA and Canada for instance but not for UK people, so best to inquire about Belize. The banks are monitored closely by the Belize Banking Superintendent so the banks are relatively sound. English is an official language of the nation. All the banks have full online banking including sending wires out online. The banks allow one to hold different currencies which usually includes USD, EURO, CAD, GBP, AUD and JPY. The banks offer MasterCard, Visa and debit cards. They are a cost effective solution. Belize has some Tax Information Exchange Agreements (not with USA or Canada) and Mutual legal Assistance Treaties. Best to hold assets and bank accounts there using the Belize trusts which exempts the assets from foreign court decisions.

Bank Accounts in Belize

Civil Court Cases – We have solutions for those involved in civil lawsuits (past, present or future) where your money will be kept safe out of the reach of creditors and this would include allegations of fraudulent conveyance. The Belize trust is an excellent solution for such difficulties. Belize Trust Assets in Belize (think bank accounts) are exempt from the decisions of any foreign courts including bankruptcy, divorce, civil orders and fraudulent conveyance and this is contained in the written laws of Belize. We know of no other trust or foundation that protects against fraudulent conveyance. This can be complicated so best thing is to call.

Belize Trusts and Belize Bank Account

Asset Protection - In general it is a most difficult and laborious process for a creditor to take a civil court matter offshore to another jurisdiction. If these practices were easy to effect and enabled the creditor to get an easy financial recovery no one would use that jurisdiction for asset protection and the countries know this and want to stay in business. The creditor needs to get a final decision of judgment from the foreign court. Then the creditor has to know where your funds are – bank name, account name and account number. Then the creditor has to be able to show a direct link from the offshore entity (corporation, trust etc) to the debtor (you). Since we use anonymous bearer share corporations and anonymous trusts this is going to be let's say extremely difficult. Then the creditor has to show that it is his money or money he has a right to in the offshore bank account and that you had no right to keep this money from the creditor. If you are just using an anonymous corporation and a bank account with bank secrecy it is extremely difficult to get into the bank records unless it is a major criminal case (drugs, kidnapping, terrorism) filed in the national courts of a country. This might be easy in your home country but the offshore tax haven courts are going to have a much higher level of scrutiny to protect the person banking there. The money in the offshore bank account also has to be let's say “available” for lack of a better word. If the money went to an offshore corporation because a piece of offshore real estate was purchased the creditor cannot just ask the court to return the money because the recipient (corporation) of the money no longer has the real estate. No equity in such a scenario. So you can see the circumstances can become involved, expensive for a creditor and drawn out. To make matters worse (better for you) there is bank secrecy and anonymous corporations involved so the lack of transparency makes it extremely hard for the creditor to build a case in that he has no facts to link together. The general goal of the creditor is for the creditor to come to the offshore jurisdiction and try to post a bond to freeze the money without you knowing about it. This is often called an “ex parte” proceeding in that it takes place in a closed court without you present. Of course this is a travesty of justice. The idea is for the creditor to show the court that if you found out about the action you would remove the money and thus cause irrevocable harm to the creditor in that he might never ever again find the money. This works fine when the lawyers can get bank records and establish ownership of corporations. It does not work in the offshore jurisdictions due to all the secrecy involved. The lawyer from the home country has to hire local counsel in the offshore jurisdiction. This is costly to say the least. Now the creditor is paying for two sets of lawyers. With the lack of transparency (anonymous corporations and trusts) combined with bank secrecy the lawyers have an almost impossible task of convincing the court that these funds should be frozen pending the uncovering of a trail. The effect is they will probably never get the account frozen without notifying the corporation or trust registered agent (yes you always have a local registered agent) that there is a proceeding and asking the corporation or trust to appear to defend itself. Notice is given, usually 30 days. At that point in time there is nothing preventing you from removing your funds to another jurisdiction and ignoring the lawsuit. This means the adversary must start all over again at great expense in the next jurisdiction. This is why is so rare to ever see such cases ever get filed. When the amounts are say over $20,000,000 it can be cost effective for them to try. The problem then can be the trail ends with a large cash withdrawal, or a purchase of gold, diamonds etc which is not trackable. These are some of the reasons why banking offshore using anonymous structures works so well as long as you pick the right jurisdiction and structure and that is what we do for you.

Panama – To learn more about Panama Corporations, Panama Foundations and Panama banking go here:

Panama Anonymous Bearer Share Corporations

Panama Private Interest Foundations

Panama Bank Account – Currency Selection

Anonymous Corporations and Trusts – We use anonymous bearer share corporations. We no longer use Panama for any corporations or foundations. We also do not use any Panama Banks. Your name does not appear in any public registry or database. With a trust it is similar your name never appears in any public registry or database. The beneficiaries of the trust never appear in any such database either. In one of the jurisdictions we use there is not even a publicly accessible database. This is to protect you from lawsuits, extortion, blackmail, kidnapping etc. If no one knows what or where your assets are it makes you less of a target. This is especially true when it comes to real estate holdings.

Multiple Currencies – Today the world is in financial crisis. There are no real hard backed currencies anymore. The Swiss Franc was the last to go. It is best for you if you can hold at least four different currencies. If one currency drops the others will rise. They can't all drop at the same time. We strongly suggest holding several different currencies to protect yourself from fluctuations in the value of currencies. The European Numbered Account lets you hold ten currencies in your bank account. Belize allows four. Some of the currencies are favored over others because the underlying nation has a lot of raw materials. Some of these are the Australian Dollar, Canadian dollar and Swiss Franc. Currency diversification is the key to success when it comes to holding cash these days.

Gold & Silver – With our European Numbered Account Bank you can buy gold and silver right inside the bank. Your numbered bank account owns the metals. They use the spot prices. They store the metals at the bank for a storage fee of ½ of 1% per year. This is allocated gold. You can go to the bank and pick up your gold and silver. It is wise to diversify your holdings with some gold and silver. If currencies start to drop gold should rise. It is easy to buy and sell the gold and silver. No problems of reportage, storage or transportation. If the gold or silver increases in value there is no capital gains tax imposed by the country. There is no risk of confiscation. The USA made gold ownership illegal in the 1930's with a forced government buy back at low prices. Could the USA do this again? They could buy gold back at say $600 an ounce (I am being generous could be much lower) making private ownership illegal. Once they start the rumors of a gold ban and confiscation the prices will plummet. After the confiscation or gold buy back was over they would let the prices on the open market rise without suppressing them. Easily it could hit $3000, possibly $5000 an ounce. This would enable the treasury to multiply their holdings tremendously and make the nations financial strength seem a lot stronger. This would make selling gold near impossible unless you used the underground at very low prices with risk of confiscation and prison. The sellers of gold are never going to talk like this. Do you trust Obama? Do you think he is not capable of doing something like this? How many of his supporters have gold? Quite few I would think.

Bank Reference Letters – The banks we work with do not require bank reference letters. These can be treated as suspicious transactions with reports filed to the government bank authorities and who knows who they share this data with. Bank reference letters make a trail to the new bank account. Many banks today because of such reportage issues refuse to issue bank reference letters. With us this is not a problem since we never require bank reference letters.

Taxes – The jurisdictions we use do not tax offshore derived income or capital gains. They also have no inheritance tax. The net effect to you is no offshore taxes.

Visiting the Bank – None of the banks we use requires a personal visit. After your bank account is open you can always drop in for a chat, to make a deposit or take funds out.

Questions – Feel free to ask questions and discuss your individual needs with us. Thanks.