Offshore Bank Account_Other Services

How can we help you ?

The world's wealthiest are among the most avid users of offshore bank account. Generally speaking the most common countries for offshore accounts will have reliable security and customer support as their local economies depend on foreign businesses opening accounts in their jurisdictions.

RY Consulting have been working in the international business services for over 15 years. We have established in-depth cooperation with over 30 well-known international banking groups. We can assist you to open offshore bank account at any time.

Frequently asked questions for Offshore Bank Account:

What is an offshore bank account?

An offshore bank account is one that you have in a country you don't reside in.

offshore bank accounts allow you to make and receive payments, hold money and set up savings and investment accounts in multiple currencies.They can be useful if you need to make, or receive, regular international payments and transfers.

Most expats have a bank account in their home country and another account in the country they're living in. Many also open offshore accounts, as this can be an effective way to save, invest and manage money while abroad.
Is offshore bank account legal?

Yes. Offshore banking is 100% legal.

There are certain misconceptions that linked this type to criminal behaviors, money laundering, and illegal tax evasion. Notwithstanding, mention again taking advantage of offshore bank accounts is totally legal in most countries in the world.

By appropriately utilizing the benefits of offshore bank accounts, investors, SMEs, and startups with legitimate purposes can definitely make offshore banking become a powerful tool for their business growth.
Are offshore bank accounts safe?

Yes.

Offshore banking is popular amongst individuals and businesses around the world. Banking offshore allows for greater privacy and can assist in reducing one’s tax burden.

Offshore banking provides a safe and secure way of managing your money if you open an account in a country with a stable economy and advanced financial system.

For great number of people doing business with China, Asia or Southeast Asian countries, they often choose to open offshore bank accounts in Singapore or Hong Kong.

Singapore and Hong Kong are among the top internationa financial centers like New York or London.
Do offshore accounts have Know Your Customer (KYC) policies?

The process of opening a new account with banks is no longer about verifying identity alone.

The need for banks to carry out due diligence before accepting new clients has become more and more important in order to prevent illegal use of the service.

As is the case with banking institutions at home, offshore banks also have Know Your Customer (KYC) policies even though the exact form of the policies varies with different jurisdictions. So if you wish to open an offshore bank account for your company, the bank usually needs to know your business nature and countries you are doing buisness with and etc.
How can I open offshore bank account under the influence of COVID-19?

COVID-19 has huge impact on international traveling for last almost three years. To deal with the influence, many banks have adopted more flexible ways of opening new bank accounts.

We have cooperated with over 30 international banks to help our clients open offshore bank accounts and hundreds of them had opened account successfully.

We can help you to arrange video conference with bank manager to open account if you are unable to travel aboard.