Is it Illegal to Open an Offshore Bank Account? #OneMinuteNomad

https://nomadcapitalist.com/2019/10/15/how-to-pay-less-taxes-offshore-methods/

Is it legal for you to have an offshore bank account?

It is important to remember that each specific case can be different, but for most people, it is %100 legal. Just because you have an offshore bank account, doesn’t mean you are hiding money from your government. As long as you fill out the appropriate forms and report everything correctly, you will generally be okay.

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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.