offshore bank

       Open an offshore bank account with us (official agent or representative of the banks), it is the guarantee to have a full range of offshore online banking services, all of them with secure internet banking and debit or credit cards which will allow you to have quick and easy access to your funds from almost anywhere in the world.

We regularly review the best offshore banking opportunities for business or investment purposes in the market place and recommend those which we believe to be best suited to meet your identified needs.

All of these banks complement the offshore jurisdictions which we recommend for your Offshore Company incorporation. These banks offer the best banking services for company trading account, business account or investment account. They all meet the very high standards of confidentiality and security, which are fundamental elements in choosing your offshore location.

All offshore accounts can be opened by distance and it is not necessary to pay a personal visit to the location.

For over 3.5 years ElegantInvest has been assisting clients to establish and administer offshore and international bank accounts and has developed useful expertise in identifying and working with suitable offshore banks and international banks. By the very nature of our business we are exposed to a wide range of offshore banks and international banking activities and we aim to learn from these experiences.

Why do I need an Offshore Bank Account?

You may have wondered: “What’s the difference between having a bank account at Bank of America and having an offshore bank account?”The truth is, there’s possibly all the difference in the world.Here are the top 10 reasons why you need an offshore bank account.

Reason 1: Dilute Your Political Risk

Reason 2: Sounder Banking Systems and Banks

Reason 3: Asset Protection

Reason 4: Currency Diversification

Reason 6: Ensure Access to Medical Care Abroad

Reason 8: Maintain Limited Privacy

Reason 10: Maximize Your Personal Freedom

Read More »

Will my money be safe in an offshore bank?

The factors to consider include:

. The political and economic stability of the jurisdiction(s) in which a bank is head-quartered, located and regulated

. Reputation and substance – Standard & Poor’s, Moody’s and Fitch rating reports are useful

. Quality of regulation and access to deposit and investor protection and insurance schemes

. Parent company or similarly guarantees

. The business focus of the bank

In general the banks we work with seek to provide services to some or all of these types of clients:

. Private banking clients.

. Expatriates.


Numerous offshore banks have sought to specialise in the provision of banking services to expatriates as they perceive such business as being relatively risk free, easy to “systemise” and profitable. In essence, expatriate services encompass managing accounts for people resident outside their home countries who may or may not be employed. The focus of expatriate banking providers is online banking, call-centres, relatively low levels of expertise and the provision of “packaged” investment and protection products, such as life insurance. Whilst the service offered should be professional and “smooth”, the relationship between an expatriate client and his expatriate banking provider could not be characterised as personal or in any way similar to the relationship between a client and a top-flight private bank.)

. International commercial activities, such as trading.


Many of our clients utilise the companies we administer for commercial purposes, such as trading. In such circumstances an offshore bank that specialises in private banking or expatriates will be unsuitable. Our commercial clients seek similar services to an onshore commercial bank and will require access to some or all of the following services:

  1. Cash management
  2. Foreign exchange and treasury services
  3. International trade – letters of credit, documentary collections, cross-border guarantees and global banking services at locations around the world
  4. Risk management: foreign exchange, interest rate, equity and energy price risk management tools
  5. Financing
  6. Payment, receivables and payroll solutions
  7. Selling solutions: point of sale, e-commerce and merchant programmes
  8. Speciality solutions, such as dealer, shareowner and fund services
  9. Expertise in matters such as energy, aviation, shipping or real estate)

These services are provided from both offshore banking and international locations.


One of the most attractive aspects of Singapore as an offshore jurisdiction is that it has one of the lowest taxation rates in Asia.
Non-residents who park their money in Singapore pay no taxes if that money is earned outside of Singapore, and investment gains earned in Singapore (from stocks for example) are also exempt from tax.Singapore has very strict banking secrecy laws: customer confidentiality can only be lifted under a court order. A sentence of $78,000 or three years in prison is given for the disclosing of information about customers and their accounts. Read More »

Hong Kong

Hong Kong offshore banking strategies are popular due to Hong Kong’s excellent reputation as a financial and banking centre. The procedure of opening a bank account in Hong Kong is quick and straightforward. The main features of offshore banking in Hong Kong include:

Unique Geographic Advantage

Freedom of Business Environment

Banking system

 Read More »


One of the world’s freest economies (even more so than the United States), Mauritius banks have been on a roll as of late. After weathering their own domestic economic downturn, Mauritius banks expanded their overseas operations and kept their loan books in good condition. Non-performing loans have been in decline. As investment in Africa increases, especially from China, Mauritius will play a key role as an offshore financial center for money flowing onto the continent. Don’t let the western stereotypes about Africa fool you.

 Read More »

Ras Al-Khaimah (Dubai UAE)

Ras al Khaimah  is part of the United Arab Emirates, a constitutional federation of seven emirates located along the south eastern tip of the Arabian Peninsula. The other emirates are: Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras al Khaimah (RAK) and Umm al-Quwain. Its infrastructure is of the highest standard, with access to more than 170 shipping lines and approximately 86 airlines connecting to over 100 cities worldwide. The RAK Investment Authority (RAKIA) launched the concept of the International Business Company in January 2007.
 Read More »

New Zealand

ElegantInvest can provide professional advice and assist you with the opening of a New Zealand offshore bank account. The information below provides details about the New Zealand banking system, and details on opening a New Zealand offshore bank account. You will find details on the laws and regulations that govern the banking system, as well as a list of local and international banks that operate in New Zealand.

  Read More »


Denmark is not a member of the Euro currency zone; instead, it’s Danish crone trades at about 5.5 per US dollar. While the Norwegian kroner is typically regarded as the safe haven currency in this regions thanks to Norway’s abundance of oil wealth, the Danish kroner hasn’t been a bad currency to hold the last two years.

Consider a few facts:

1. Denmark is a member of the European Union but not in the euro zone.

I frequently suggest that you stay away from countries that are part of destructive alliances like the EU. There are exceptions when a country really stands out, but I prefer to deal with independent countries in charge of their own affairs. Read More »


A Guide to Foundations in The Bahamas

Expanding the Options for International Clients

As a Common Law country, The Bahamas has looked beyond its boundaries and traditions to be of greater relevance for estate planning by persons from civil law countries. Through the enactment of The Foundations Act 2004 The Bahamas became the first leading Common Law jurisdiction to introduce foundations legislation.

 Read More »


Luxembourg bank accounts provide for a good balance of tax incentives, bank security and bank privacy. Luxembourg is located in Central Europe and is bordered by France, Germany, and Belgium and is slightly smaller than the US state of Rhode Island and has a population of about 470,000. There has been a tremendous increase in Luxembourg banking activity as money flows out of Switzerland to Luxembourg bank accounts to take advantage of the tax incentives offered in Luxembourg and Switzerland lost its credibility. Read More »