Facts Before You Open An Offshore Bank Account By Prominence Bank

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Facts Before You Open An Offshore Bank Account By
Prominence Bank
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• Before opening an offshore account, you should
  familiarize yourself with the customs of offshore
  banks and get rid of misconceptions that can lead
  to misunderstandings about the concepts.
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• Offshore banking is not a murky enterprise of
  obfuscation. But instead of that, it is an
  important tool for protecting your assets and
  growing your wealth. Today it is a tool that
  anyone with any income level can benefit from.
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• Now, these are the facts you need to know before
  opening a Prominence Bank account

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• 1. You can open a MISA offshore bank account
  yourself
• Previously, when banking regulations had not yet
  evolved and there was no internet, a lawyer was
  required to open an account in another
  jurisdiction, now not. Notably, there are still
  places where they have a requirement that clients
  have to come forward.
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• 2. Service providers sell structures that cannot
  open bank accounts abroad.
• When hiring a service provider, you must be
  careful with the business structure, it must
  adjust to your requirements and not a
  pre-established one. Whether or not you can later
  open corporate bank accounts depends on this.

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• 3. Easy-to-open bank accounts can cost you more
  in the long run.
• Opening inexpensive Prominence Bank offshore
  accounts can be counterintuitive, you need to be
  careful with your fee structure first. If you get
  a cheap account, expect cheap service, cheap
  technology, and cheap customer support.
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• 4. Not all banks are the same
• Although it is obvious to many, for others it may
  not be so. There are various bank business models
  and the way they motivate their staff. When it
  comes to banking, you need to make sure your
  money is deposited in a healthy bank that won't
  gamble with your savings on toxic investments or
  high-risk loans.

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• 5. The media and governments do not want you to
  open a bank account abroad
• MISA always repeats it and will do it one more
  time, offshore banking is completely legal it is
  an easy way to protect yourself from various
  risks and grow your money. Most of the time the
  stories shared by the media expose politicians,
  famous athletes, or movie stars who use offshore
  companies to hide their wealth from taxes. This
  is not entirely the case, it is a legal method to
  increase the return on your investments and
  protect yourself from frivolous lawsuits.
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• 6. First impressions have always mattered
• The process of opening an account is like an
  interview. From your first email and phone call
  to your in-person interview, if it's warranted,
  they are looking at it there. It may even be the
  reason the bank rejects you, so be sure to make a
  positive impression.

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• 7. Residence and citizenship
• Not having the correct citizenship or residency
  can mean a long opening process or a total
  failure. Our MISA consultants can help you
  streamline this process for you. Whether trying
  to open an account in person or remotely, these
  characteristics are often the first thing you
  notice.
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• 8. Banks can freeze accounts without prior
  notice
• Prominence Bank account closures and freezes are
  the order of the day lately, either due to small
  technicalities or major incongruities. That is
  why it is of the utmost importance to be careful
  when managing your bank account.

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