As already explained in detail in my article on safe private accounts, you should be well aware of who is entrusted with your money, and why you should be careful with bank accounts from countries like Germany, Switzerland, USA, Canada etc.
This time however, it is not about private accounts, but business accounts, which should not be ignored, because a business can also legally operate with offshore accounts.
A good bank Account for the European market. Leupay is a Fintech offshoot of the Satabank, and was founded in 2014. The bank account can be operated in various currencies, so it’s possible to create several currencies and receive an individual IBAN number for each currency. There are no monthly account management fees, but a SEPA transfer costs €3. The account opening can be easily completed online. After you have scanned and uploaded your passport and business proof (for Example: business registration), you only have to order and activate a free debit card in order to fully use your account.
The bank is licensed by the Maltese Financial Supervisory Authority (MFSA). Malta has a well regulated financial sector. Theoretically Malta offers a deposit guarantee of 100,000 €, as LeuPay, however, as a financial service provider does not operate proper bank accounts, but e-money accounts, one is not protected in this case by the Maltese deposit insurance. However, it should be clear that even with a traditional bank, such as Satabank or the Bank of Valetta, not every account is automatically covered by the deposit insurance. Rather, it depends on the account type. Those who really need a deposit-backed bank account should resort to a so-called “current account” which Satabank or Bank of Valetta can open up to demand. Big worries about his fortune, but you should not do in Malta, the national debt is still low at 64% of GDP compared to other EU countries, which should remain the necessary room for maneuver in the event that the economic crisis continues exacerbated.
– Remote Opening
– Free debit card (MasterCard)
– SEPA and SWIFT transfers
– Each currency with its own IBAN
– No monthly fees
– Multiple currencies: EUR, USD, GBP, BGN, CHF, JPY, RON, HRK, PLN
2. Euro Pacific Bank
As already described in detail in the article about 3 safe private accounts, the Euro Pacific Bank can also be useful as a business account. However, it should be noted that the account management fees are comparatively high at €22.50, and the account can only process SWIFT transfers.
Otherwise it has the same features as the private account:
– Increased safety
– Debit card (MasterCard) in different currencies
– Remote opening
– Many currencies
– Precious metals
– Broker account if required
– International SWIFT transfers
– Business account possible
– Does not accept US Americans according to complex FATCA regulations
Link: Euro Pacific Bank
3. DBS Bank:
Private as well as for businesses, a good bank account for the Asian market. DBS Bank, headquartered in Singapore, is the largest bank in Southeast Asia. It was founded in 1968 by the Singapore government. In July 2013 it was renamed DBS Bank Limited, and has offices in China, Hong Kong, Indonesia, India, Malaysia, Myanmar, Japan, South Korea, Taiwan, Thailand, Philippines, UK and USA.
A transparent financial report of recent years can be found on the website. Under certain conditions, the Bank accepts foreign companies. It is particularly suitable for business-deals in Asia, but personal presence is a prerequisite for opening and the minimum deposit for business accounts is 50,000USD.
Compared to Hong-Kong with 2.08 metric tons of gold reserves, Singapore with 127.70 metric tons, owns a high amount of gold reserves. In addition, the Singapore dollar is the world‘s currency with the most gold reserves, which makes it also interesting as an asset.
– Multi currency account
– SWIFT transfers
– Various credit / debit cards (Visa and MasterCard)
– Advanced services
– Monthly fall below fee of 50SGD
– One-time setup fee of 500SGD
Link: DBS Bank
Further banks are presented in the book “Because Your Money Belongs To You!”. There you learn how a bank works from the inside, how to set up your own offshore bank, and much more!
Find all this and much more in my E-book you can buy by clicking here:
“Because your money belongs to you – safely through the crisis with offshore-banking!