OFFSHORE BANK ACCOUNT SOLUTIONS FOR US CITIZENS.pdf
Content
OFFSHORE BANK ACCOUNT SOLUTIONS FOR US CITIZENS | (FIRST
SOLUTION) – MARCH 2014
It has become a veritable headache for US citizens to open foreign offshore bank accounts as fewer banks are willing
to accept them. Please find hereinafter our first bank account opening solution for US Citizens. This solution is
reserved to US HNWI due to the minimum deposit requirement. In two separates post to be published during the next
days we will review the 2 other banks that are still eager to welcome US citizens. Please see our post Offshore Bank
Account Solutions for US Citizens | (second solution). Do not hesitate to contact me
at [email protected] for more information in relation to this matter.
I’m wondering whether President Nixon when he re-established diplomatic relationship with China in 1972 envisaged
that 40 years later China would become an offshore banking haven for US Citizens. I guess not a lot of people could
have made this prognostic at the time. I did not. For my defense I must say that I was 8 years old at the time and that
offshore banking issues were not yet of interest to me.
Bank of Beijing
We have a pleasure to inform you that Bank of Beijing has accepted to offer bank account opening for US owned
offshore companies.
Bank of Beijing is a Chinese bank created in 1996 and which main shareholders are the Government of the City of
Beijing and ING from the Netherlands.
Advantages:
The Bank accounts opened with Bank of Beijing will not be subject to China Forex control and funds may be
transferred freely in and out.
There is no need to fly to Beijing for bank account opening purpose but it will be needed to sign the documents in
front of an officer of Bank of Beijing and/or ING overseas.
Drawback:
This solution is definitively for HNWI only as the minimum deposit is 3,000,000 USD.
FEES BREAKDOWN
Our fees will depend of whether you already have an offshore company or whether you need us to incorporate one
for you.
You already own an offshore company:
Our fees for the formalities in relation to the bank account opening are of 3,500 Euros including information
screening, document translation, liaising with Bank of BJ colleague, The fee does not include notarized documents (if
required).
Package Offshore Company + Beijing Bank account:
Our fees for this service would be between 4,400 and 4,800 Euros depending on where the offshore company is
registered. Our fees are inclusive of
For the IBC Company
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Government Franchise (first year)
Set of corporate documents and Notarized and Apostilled for the bank
Courier Fees (90 Euros)
For the Bank of Beijing Account
Bank account opening including information screening, document translation, liaising with Bank of BJ colleague. The
fee does not include notarized documents (if required).
Asset Protection Package: Panama Foundation + Offshore Company + Beijing Bank account
For those not familiar with the concept of foundation a foundation is basically an incorporated trust. A foundation
allows you to separate the ownership of the assets in the foundation from your personal assets.
Our fees for this service would be between 6,150 Euros and 6,550 Euros depending on where the offshore company
is registered. Our fees are inclusive of
For the foundation
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Nominee Board Council
Nominee Founder
Certificate of Incorporation Apostilled
Government Franchise (first year)
Courier Fees (90 Euros)
For the IBC Company
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Government Franchise (first year)
Set of corporate documents and Notarized and Apostilled for the bank
Courier Fees (90 Euros)
For the Bank of Beijing Account
Bank account opening including information screening, document translation, liaising with Bank of BJ colleague. The
fee does not include notarized documents (if required).
SOLUTION) – MARCH 2014
It has become a veritable headache for US citizens to open foreign offshore bank accounts as fewer banks are willing
to accept them. Please find hereinafter our first bank account opening solution for US Citizens. This solution is
reserved to US HNWI due to the minimum deposit requirement. In two separates post to be published during the next
days we will review the 2 other banks that are still eager to welcome US citizens. Please see our post Offshore Bank
Account Solutions for US Citizens | (second solution). Do not hesitate to contact me
at [email protected] for more information in relation to this matter.
I’m wondering whether President Nixon when he re-established diplomatic relationship with China in 1972 envisaged
that 40 years later China would become an offshore banking haven for US Citizens. I guess not a lot of people could
have made this prognostic at the time. I did not. For my defense I must say that I was 8 years old at the time and that
offshore banking issues were not yet of interest to me.
Bank of Beijing
We have a pleasure to inform you that Bank of Beijing has accepted to offer bank account opening for US owned
offshore companies.
Bank of Beijing is a Chinese bank created in 1996 and which main shareholders are the Government of the City of
Beijing and ING from the Netherlands.
Advantages:
The Bank accounts opened with Bank of Beijing will not be subject to China Forex control and funds may be
transferred freely in and out.
There is no need to fly to Beijing for bank account opening purpose but it will be needed to sign the documents in
front of an officer of Bank of Beijing and/or ING overseas.
Drawback:
This solution is definitively for HNWI only as the minimum deposit is 3,000,000 USD.
FEES BREAKDOWN
Our fees will depend of whether you already have an offshore company or whether you need us to incorporate one
for you.
You already own an offshore company:
Our fees for the formalities in relation to the bank account opening are of 3,500 Euros including information
screening, document translation, liaising with Bank of BJ colleague, The fee does not include notarized documents (if
required).
Package Offshore Company + Beijing Bank account:
Our fees for this service would be between 4,400 and 4,800 Euros depending on where the offshore company is
registered. Our fees are inclusive of
For the IBC Company
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Government Franchise (first year)
Set of corporate documents and Notarized and Apostilled for the bank
Courier Fees (90 Euros)
For the Bank of Beijing Account
Bank account opening including information screening, document translation, liaising with Bank of BJ colleague. The
fee does not include notarized documents (if required).
Asset Protection Package: Panama Foundation + Offshore Company + Beijing Bank account
For those not familiar with the concept of foundation a foundation is basically an incorporated trust. A foundation
allows you to separate the ownership of the assets in the foundation from your personal assets.
Our fees for this service would be between 6,150 Euros and 6,550 Euros depending on where the offshore company
is registered. Our fees are inclusive of
For the foundation
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Nominee Board Council
Nominee Founder
Certificate of Incorporation Apostilled
Government Franchise (first year)
Courier Fees (90 Euros)
For the IBC Company
Incorporation Package
Registered Agent (first year)
Registered Address (first year)
Government Franchise (first year)
Set of corporate documents and Notarized and Apostilled for the bank
Courier Fees (90 Euros)
For the Bank of Beijing Account
Bank account opening including information screening, document translation, liaising with Bank of BJ colleague. The
fee does not include notarized documents (if required).
