Bank Accounts
High Secured's worldwide experience helps assist clients in establishing and administering offshore and international bank accounts. Our experience has allowed us to developed expertise in identifying and working with reliable offshore banks and international banks. We bring this experience in helping you reach your personal and business goals.
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Our expertise helps us assist clients in establishing relationships with reputable offshore banking institutions as well as a wide range of international banks. Some of the criteria we use in assuring our clients are paired with the correct bank are:
The nationality and country of residence of our client. Occasionally,
Banks may adopt policies denying, restricting or otherwise placing conditions upon certain types of clients from having access to their services. These policies may change from time-to-time.
The client's goal, as well as, the activities the client, company or trust
will engage in. |
Opening deposits and minimum balance requirements - they can be nothing or can be very large.
Bank charges and interest rates.
The availability of on-line banking and on-line bank statements. |
Making sure the business focus of the Bank is compatible with the Client’s goal.
Some or all of the banks we work with specialize in providing services to three basic types of clients.
Expatriates.
International Commercial Activities
Private Banking Clients
Expatriates
International and offshore banks, in general, welcome the expatriate. There is little risk for the bank and the services provided are relatively profitable. These services include opening bank accounts (checking & savings) and managing these accounts for people living in or outside their home country. They specialize in on-line banking to facilitate the client’s needs. In addition, they offer a variety of investment and financial security products such as life insurance.
International Commercial Activities
Clients utilize the companies we form for commercial purposes, such as e-commerce, real estate investing and securities trading. In these instances the commercial clients seek services similar to an onshore commercial bank and will require access to some or all of the following services:
Cash management.
Foreign exchange services.
International trade - letters of credit, documentary collections, and
global banking services at locations around the world. |
Payment, receivables and payroll solutions.
Selling solutions: point of sale, e-commerce and merchant accounts.
Expertise in matters such as energy, aviation, shipping or real estate. |
The Founder
The role of the Founder should be established in the Foundation Charter – it is possible for the Founder to reserve certain powers (such as power of appointment of beneficiaries or power of removal of the Foundation Council). However, it is also common for the Founder to simply have the role of preparation of the Foundation Charter, and leave to the Foundation Council or the Protector these other powers. As the law is curiously silent regarding the transferability of the Founder’s rights and obligations (but specifically provides that Foundations may be established through third parties), it is understood that a nominee founder may transfer all rights and obligations to the real founder by private document (and thus not appear in the Public Registry as the Founder). This is particularly important, as the document should be executed in Panama (in order to avoid difficulties of authentication of the document), and so it is much simpler for our office to provide a nominee founder who is easily accessible.
Private Banking Clients
Private banking is not a simple business, but the singular goal is: "keep rich people rich and happy". The concept of private banking varies from bank to bank but in general ii is PERSONALIZED the management of a persons wealth. Net worth and minimum deposits differ between banks. Some require only a deposit of $100,000.00 and a net worth pf $250,000.00 to qualify as a “Private Banking Client”, while other require much more. These bankers are financial advisers in addition to providing the “usual” bank services. As such, the private bank is often the choice of the more sophisticated investor who may or may not want to play an active role in his investments.
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