Now, there are a lot of countries that have their own banking sectors — places like the Cook Islands and the Caribbean islands; even islands like Belize have gotten into the game of setting up easy-to-use banks. They all saw an opportunity in the market and figured. Now, remote bank account opening is basically what it sounds like. It’s where you don’t have to be physically present to open a bank account. Typically, when you open an account in a country like the U.S., Canada, or Australia, you have to go in and prove you are who you say you are. So most banks will need you to show some photo form of ID, documents confirming where you live, and so on.
However, offshore banks all have their own protocols, and this is why there can be a lot of confusion when it comes to figuring out which bank is your best bet if you’re looking at opening offshore accounts remotely.