[Carlos019]

I am trying to set up an account and an address offshore... Has anybody been able to succesfully accomplish this? Anyone have any information that can help me out please PM me or reply to my thread

[pico]

I am trying to set up an account and an address offshore... Has anybody been able to succesfully accomplish this? Anyone have any information that can help me out please PM me or reply to my thread

most banks require min 10k to 25k usd min balance. i think the ones in swiss might require a higher balance. you can look in to the back pages of economist.com or google swiss bank account. you can have teh bank mail to be withheld for a fee too. you also need your ID and proof of residency. if you're trying to open a offshore account with your USA (assuming that you're a yank) passport, the offshore bank will fill out a w-8 and declare your interest to the IRS...this is true fro swiss banks too. so unless you want the hassle the fees, there is nothing wrong sticking to your local bank.

if you have enough cash that requires you to open a offshore bank account, then you can afford to fly there and get a private banker. if you do not have that much cash flow. your shoe box or mattress seem like a good choice. you can try the method from chevy chase's las vegas vacation movie. you can put all your money in coffee cans and bury them in your backyard.

[jjgold]

Not worth it unless your betting over $1000 a game, way too many rules, fees and requirements.

[slash]

ubs.com
postfinance.com

[pico]

Not worth it unless your betting over $1000 a game, way too many rules, fees and requirements.

you ever tried to open one?

[Carlos019]

My research so far has shown that The best way is to open a corporation offshore, it is just very expensive... thank both of you for your replies

postfinance.com doesn't exist... I am looking into UBS now

[slash]

Postfinance requires less then USD 10k. At least they did when a friend of mine opened an account there some years ago. And they are located in the lovely country of Switzerland...

[Carlos019]

Postfinance requires less then USD 10k. At least they did when a friend of mine opened an account there some years ago. And they are located in the lovely country of Switzerland...

Thanks for the info...

[pico]

My research so far has shown that The best way is to open a corporation offshore, it is just very expensive... thank both of you for your replies

postfinance.com doesn't exist... I am looking into UBS now

keep me updated on USB...i want to open one too

[katstale]

Let me just say to focus your research on Panama. You will find everything you need/want--and at much lower prices than what the Swiss want.

[slash]

postfinance.com doesn't exist... I am looking into UBS now

http://www.postfinance.com/ doesn't exist???

[Lucas]

UBS 50K CHF (40K USD) ... 20K if you live in FR, IT, GE, AUS

[pico]

UBS 50K CHF (40K USD) ... 20K if you live in FR, IT, GE, AUS

you talking about ubs in swiss? what about the ubs branches in U.K., Hong Kong, Singapore, Dubai, Dublin etc

[katstale]

"What we have here is a failure to communicate!" You boys ain't listening--P A N A M A.

I won't discuss the particulars here in open forum and I won't do your research for you. BUT, I pointed you in the right direction. If you research and decide you want insider help down there to achieve your goals--PM me and i will provide you the name and email address of a guy who will help you with this. There are alot of scams, but this guy is legit.

[jjgold]

I had one in Belize (Provident) way too many costs involved to wire ($90 a pop), min balance was like 2k or a fee monthly , bet with a local instead, the fees are like more vig in betting.

[JRachel]

I had HSBC offshore account in Jersey when I was moving countries cause it helped with the currency exchange. They used to have one with minimum deposit of 5k, but now I think it's 20k of the currency the account is in.

[compaqDikk]

i would like to set up a fake account in Dublin Ireland. i'm looking to play at the live casino at dublinbet.net

i'm serious as cancer

[pico]

i would like to set up a fake account in Dublin Ireland. i'm looking to play at the live casino at dublinbet.net

i'm serious as cancer

i bet you won't able to do what you just said.

[jjgold]

Guys it is not worth it, try it and see what a hassle it is and fees to move money.

[Lucas]

you talking about ubs in swiss? what about the ubs branches in U.K., Hong Kong, Singapore, Dubai, Dublin etc

swiss
i do not see any reason why use their branches which are under law of the countries where they are settled... (this law is usually enforced by power of USA)

[pico]

swiss
i do not see any reason why use their branches which are under law of the countries where they are settled... (this law is usually enforced by power of USA)

i read somewhere if you use a US passport to open an acocunt in swiss, they still have you fill out a w-8 form and send it to the irs. is there ways getting around that?

[Lucas]

i read somewhere if you use a US passport to open an acocunt in swiss, they still have you fill out a w-8 form and send it to the irs. is there ways getting around that?

i can not confirm or refuse that info; i would say NO if you use the personal account, but maybe it is not right... for EU citizens it works so: they pay taxes for the interest incomes to EU states anonymously... i am sure if you call there they will gladly tell you how they handle US customers

[Poventino]

I don't know how others feel, but I always found that Swiss Accounts are for Big Depositors (BIG $'s).

Thanks

[jjgold]

This thread is funny, trying to go through all this to get a $$50 bet down??

You will all see offshore bank accounts are for big time business not gamblers.

[pico]

I don't know how others feel, but I always found that Swiss Accounts are for Big Depositors (BIG $'s).

Thanks

only 10k CHF... 1 usd is about 1.2 chf. not that high if you bankroll 30k or higher in your gambling account. but if you're a USA citizen swiss banks has some restrictions, so it is kind of pointless to go there and open an account.

[pico]

CIBC, Royal Bank of Canada, and Bank of Montreal will all open accounts with a US passport and a second id (License). You must go there. None of these report to the IRS, but remember if you keep over $10k there, you must report or face felonies. Either report or keep it under $10k.

When I called bank of Antigua they told me they would be happy to have US business. I have not followed up on details.

Panama will happily open US bank accounts. The key to using neteller is getting a residence ID. This means being "employed" by someone. From what I am told, $1000-3000will get you employed. I have not followed this route as I don't want money offshore now, but it is a very viable route to use neteller in the future.

My feeling right now is there is no incentive to set up shop elsewhere cause even though I can send and receive money, I can't trust books or processors because who knows when the next one will be busted and fold. It is hard enough to make money at this when books who want to pay you can do so.

In a while once this blows over, opening an account in Panama or Antigua will be a fine way to use neteller if neteller is still in business.

There is no need to pay for offshore accounts... The only reason to pay is if you can't go there to open...

Sean

well, it seems like if you have over 10k go offshore, under 10k, go to canada. but i dont' really believe that canadian banks will not report to the irs. they probably have to fill out a w-8 form when you open as well. you're the first person told me this, so pardon my skeptish.

if you ever see the movie, "blow", you'd be little worried about panama and the rest of the banana republics. gov. stability is a big issue in central america, and the US still have a big canal there so you can't really count out that one day the cia will orchistrate a coup or something crazy with the governments there. the carribeans are relatively safer. caymen island is the #1 destination for offshore banking in the carribeans. other islands are just as good or trying to be better offshore banks.

now, why do people open banks in swiss. because great banks and stable gov. they're pretty smart about it too, they banked nazi money during teh second world war and hitler left them alone. so no doubt even if something bad happens, you'll be rest assured that your money is safe there. can't say that about those carribean islands.

but everything i said is moot, because i have not seen a single person on this forum has opened a swiss bank account...or won't mentioned it for obvious reasons.

[durito]

Why does everyone want to keep their bank accounts secret from the IRS?

It's perfectly legal to have offshore bank accounts, just pay your taxes.

You all want the US gov't to legalize gambling, yet you don't want to pay taxes on your winnings?

[pico]

Why does everyone want to keep their bank accounts secret from the IRS?

It's perfectly legal to have offshore bank accounts, just pay your taxes.

You all want the US gov't to legalize gambling, yet you don't want to pay taxes on your winnings?

US is getting worse and worse. I used to enjoy visiting the states, now everytime i enter the border the custom and TSA process makes me feel like a convicted felon.

you can't blame people for trying to win more money. afterall the top reason some of us got scammed into shitty sportsbooks is because greed. i doubt online gambling will be legalized soon in the states. you'll see ebay implement sales tax before they legalize online gambling. it is about taxes, other reasons are just smoke screen.

[pico]

The three banks i listed in Canada do not report to the IRS. I could care less if they do since I pay my taxes, but they take no SSN and they don't report... It is not their business. I opened my Canadian accounts to use Neteller. That failed.

Now I don't trust the rest of the offshore world enough to put money offshore now, but the things I told you about banks is fact. Don't believe me? Call the banks yourself.

Sean

thanks for you reply. if i have to keep it under 10k, then there is no reason to open one. you can pretty much do ** if you have less than 10k.

there are other benefits to open a swiss account. in case you get into a nasty divorce, you'll still have a hidden piggy bank in europe ;-)

[pico]

Why do you have to keep it under $10,000?

Simply declaring a bank account outside the US does not mean you owe or do not owe taxes.

It is not illegal to keep a billion dollars offshore.

Warren Buffett had $13billion offshore last year I believe due to falling dollar values...

Sean

if you're opening a account with a us passport and declare it, that means the US gov will know about it. your interest will be taxable with the the country you open the account in (i.e. canada in your case), so you don't have to pay US tax because you already paid foreign tax on your interest. so there is no double taxation. my point is the us gov will know you have an account there and you're paying canadian tax...which might be even higher than the us tax...and it might be a hassle if one of your wires got screwed up and you have to contact your bank (think about the communication cost and possible traveling cost)

i don't know why would you open one in canada? just because it is close to the states? there are some countries that charges no tax on your interest. for example, singapore, hong kong, swiss, and so on...that is why people go there to open accounts. for gamblers like us, i think our banks are called pinnacle, the greek, bookmaker, betjam, diamond (just listing the top five) etc. so there is really no need to open an bank account offshore since you can always withdraw using ** or cashier check.

i guess i am ranting off topic here...the reason i am asking all these questions is that i am curious about swiss account because of their fabled "secrecy". you never know when that little piggy bank in swiss will come in handy. so this is not a purely gambling related post

[katstale]

My last post in this thread, but I will say the misinformation helps me and others like me. Panama gets more deposits than all the rest of the Caribbean combined. It's secrecy/privacy laws are unmatched in this hemisphere. Because they allow Americans to function/live there without a "residence ID", Neteller and Pinnacle (for example) will/do not require a Panamanian ID. Bank acct, utility bill, etc will suffice to show you have moved. OK, that is enough truth in open forum--I will now withdraw and continue to let the "experts" explain it all.