Open an Offshore Bank Account

Offshore Bank Account Online

An offshore bank is any bank that is outside the purview of the jurisdiction of the country of your residence. Recently, off shore banking is turning out to be a popular concept in large net worth individuals and companies, due to a large number of advantages offshore banking offers.

Worldwide, banking health is in lows, and frequently, many banks have to be given bailout packages, just to survive. Banks go bust because of the typical leveraging they go through, in giving loans and advances. Their loans and advances total become a fraction of the money investors put with them, and hence when banks go bust, their investors money with them also goes bust. Moreover, the governments also can take over banks along with investor’s money anytime. All these poses risk to the money in banks kept by investors.

Offshore bank account online opening is the process of opening a bank account with a financial institution that is located in a foreign country using the internet. This means that the entire process of opening an offshore bank account, from providing personal information and documentation to verifying identity, can be completed electronically without the need to physically visit the bank.

Offshore bank accounts are bank accounts that are held outside of one's country of residence. They are typically located in countries with favorable tax laws, strict banking secrecy laws, and stable economies. Opening an offshore bank account online can provide a number of benefits, such as access to higher interest rates, greater financial privacy, and diversification of assets.

However, it is important to note that opening an offshore bank account online can also come with risks and potential legal implications. It is essential to thoroughly research the bank and the laws of the foreign country before opening an account and to consult with a financial advisor or attorney to ensure compliance with all applicable laws and regulations.

Best offshore bank accounts

How offshore payments banks can help:

An offshore bank lie outside the jurisdiction of your home country, hence your government or bureaucrats have no control over them. Your money is easily accessible in any part of the world making you truly financially independent. Moreover, a payments banks do not give loans from investors money, rather charges the investors for safekeeping of their money. Thus the money in banks is always safe from any leveraging. They also do not charge any tax.

In short, you can expect the following advantages:

High Level of banking Privacy
Little or no legal restrictions
Zero taxation
Out of reach of local political or government reach, and of local instability
Easy access to your funds, from anywhere in the world

Offshore banking is a perfect legal way through which international banking may be conducted. You get added security, confidentiality and unmatched privacy. You also protect your assets from prying eyes or from the risk of changing government scenery or policies.

More facts on Why Offshore Bank accounts are good for you:

Governments, if they feel the need of it, will target personal assets of their citizen’s money for their use, if the situation is bad. Recent examples may be Poland, Ireland and Cyprus.

In 2011, the Hungarian government mandated its own citizens who were in private pension plans to migrate to state pension schemes, else forfeit their right to future payouts.

When you bank in your own country’s jurisdiction, any bureaucrat has the power to get your accounts frozen, or stop your access to your own funds, citing legal procedures. If the money is abroad, it becomes practically impossible, if not a very long drawn process giving you ample time, to do such procedures.

Aggressive lawsuits, near and dear ones, business associates might all have their eyes on your wealth. An offshore account takes this wealth out of their reach.

Earning Money in Europe ?

If you are generating income from anywhere in Europe, you can keep your money in your European bank account, right in Europe. Your funds stay safe and at easy access whenever you need it in Europe or elsewhere.

Take advantage of our own name, personal or company account, to keep your funds in Europe. You can use your IBAN and SEPA transfer to transfer money anywhere in europe in minutes.

If you want to receive or send money from outside Europe, you can always use our shared SWIFT service linked to your account, for an effortless transfer or remittance

Why choose Monvenience as your offshore banking partner:

Remote Opening of Account: You can open an account in Monvenience in your own name or in your company’s name remotely, from the comfort of your laptop. No visits to the bank required.
Safety of Funds: It keeps your funds safe with central bank of Lithuania, and the funds are never used for advances or loans. It’s a payments bank, which means you are charged for the transactions and for the maintenance of your account.
Easy access to your funds: Your funds are available to you on the go, in your mobile phone app or laptop, all secured by your password and 2FA authentication.
Transparent reporting: The charges, statements and movement of your funds are always available to you, giving you perfect peace of mind
Currency Fluctuations: Your funds are kept in EURO by default, saving you from fluctuation seen by many currencies. Soon we will bring in other currencies and you can choose the currency you want your funds to be in.
Overseas Access: Your funds are always available to you in any country you want and you can transfer them to any other bank account. You can also opt for a prepaid card linked to your account for further flexibility that works as a global debit card.
Personalized Service: We are at your service over email and personal chat for any assistance that you may need.
Advantage of an Euro Zone Account: An euro zone account helps you to take advantage of the European SEPA payments system, aiding your Europe based businesses. It acts as your local European bank account.