Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?month=2021-03 You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com Today I'm going to discuss The New Offshore Banking Strategy This is especially relevant for people in the Crypto field, but at the same time, it is relevant for most people. Back at the time, it was pretty common to set up an offshore company and an offshore bank account, and it was so easily done. You could set up a company in Anguilla and get banking in the Cayman Islands. With time banking just gotten harder and harder. Some jurisdictions also got tough to deal with, and bank accounts are getting shut down frequently. This is why my general advice to people is to always have back up accounts Have at least two personal and at least two business accounts! Sometimes you will want to have even three. However, the new thing that I advise people when it comes to offshore banking is how to use the different calibers of banks and how to combine them with each other. Some banks will help you achieve certain things, but no bank will give you everything that you might want. For example, most banks don't want to touch crypto. However, when you find a bank that deals with crypto, they might not be the best place for keeping seven figures. When it comes to holding a large amount of money your safest bet is to go to Switzerland, Singapore, or major US banks. You know that your money will be safe with them. Your money might not be completely safe in small banks that are willing to deal with crypto. However, you can still use them to serve you the purpose of cashing out your crypto. You want to make sure you keep your accounts in reputable banks, and you want to separate any potential risky activity from these banks. This is why you should mix and match banks for different purposes. Who are we and what do we do? We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc. We have lots of interesting articles on different topics, we have relevant information up to date. Author: Michael Rosmer Feel free to join our community! Don’t forget to subscribe to our channel https://www.youtube.com/channel/UCZDToCpuHc4kEHDurkQpVPg?sub_confirmation=1