Open a Bermuda Bank account, Bermuda banks offer a range of Offshore Bermuda bank accounts to suit your needs. You can contact a Bermuda bank via the internet to arrange a confidential consultation to discuss your needs, Ranging from an offshore bank account, through internet and investment fund accounts to the highly prestigious private bank account, Bermuda banking can provide an account ideally suited to your needs, Business or Private.
Make sure you understand tax law in your country and know the penalties and jail terms for using offshore bank accounts to avoid taxes if this is illegal in the country in which you reside. Most Western countries tax you on your worldwide income so even though Bermuda has no taxes, you will likely have to pay taxes to your country of residence.
If you are sure you want a bank account, find a Bermuda Bank. You can use the internet or write to your local British embassy for a list of Bermuda Banks. Use search terms like "Bermuda Private bank account" if you want to deposit more than $300,000 or "Bermuda bank account," "Bermuda banking," "Bermuda banks" for Bermuda banks that accept less for opening accounts. Bermuda private banks are more about investment and portfolio management than normal banking.
You will be automatically declined for the account unless you can provide a valid reason for wanting to open the account. Reasons such as "unstable banking in my country" or "my bank went out of business" or "better interest rates" are not considered valid reasons and will result in an automatic rejection from the compliance department of the Bermuda bank.
Realize that you don't need to go to Bermuda to open the account. Accounts can be opened by mail, negating the need for you to visit Bermuda in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts.
Be prepared to provide the following information: Proof of identity:
Copy of your passport
Proof that your money is clean
To find a Bermuda Bank use the internet or you can write to your local British embassy for Bermuda bank list.
Make sure the bank you choose is reputable and has been around for a while.
Make sure your chosen bank has internet banking facilities.
Account officers can be appointed speaking English, French, German, Italian, Russian and Arabic and the service can be customised to your needs .
Make sure you understand tax law in your country and know the penalties and jail terms for using offshore bank accounts to avoid taxes if this is illegal in the country in which you reside. Most Western countries tax you on your worldwide income so even though Bermuda has no taxes, you will likely have to pay taxes to your country of residence.
If you are sure you want a bank account, find a Bermuda Bank. You can use the internet or write to your local British embassy for a list of Bermuda Banks. Use search terms like "Bermuda Private bank account" if you want to deposit more than $300,000 or "Bermuda bank account," "Bermuda banking," "Bermuda banks" for Bermuda banks that accept less for opening accounts. Bermuda private banks are more about investment and portfolio management than normal banking.
You will be automatically declined for the account unless you can provide a valid reason for wanting to open the account. Reasons such as "unstable banking in my country" or "my bank went out of business" or "better interest rates" are not considered valid reasons and will result in an automatic rejection from the compliance department of the Bermuda bank.
Realize that you don't need to go to Bermuda to open the account. Accounts can be opened by mail, negating the need for you to visit Bermuda in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts.
Be prepared to provide the following information: Proof of identity:
Copy of your passport
Proof that your money is clean
To find a Bermuda Bank use the internet or you can write to your local British embassy for Bermuda bank list.
Make sure the bank you choose is reputable and has been around for a while.
Make sure your chosen bank has internet banking facilities.
Account officers can be appointed speaking English, French, German, Italian, Russian and Arabic and the service can be customised to your needs .
