Foreign Bank Accounts

Using foreign bank accounts commonly provide an investor with a broader range of services than they are able to obtain from their domestic banks. Healy Consultants provides strategic advice on the advantages of foreign banking and assists investors and entrepreneurs with the procedures for setting up a foreign bank account.

Foreign bank accounts can receive higher interest rates on deposits than many domestic banks provide.

Offshore companies, trusts and foundations can set up foreign bank accounts, offering strategic advantages to the individuals, or company, involved.

Foreign banking provides remote nations with an important sector for their economies and is a key contributor to their competitiveness with the more developed nations.

Foreign banking can offer people access to jurisdictions with economic and political environments that are stronger and more stable than their own. This can be beneficial if resident in an unstable market with weaker domestic banking.

Banking in a foreign jurisdiction can be a stable and legitimate way for entrepreneurs to tax-efficiently execute business, and personal, financial transactions.

Increased global wealth has created a rise in demand for offshore banking and an increase of capital inflows to Asia. As a result, Singapore and Hong Kong have become favoured foreign banking jurisdictions for investors all over the world.

Healy Consultants sets up different types of foreign bank accounts to meet the individual needs of clients. Types of foreign banking accounts include: i) Offshore brokerage accounts, ii) International merchant accounts, iii) International corporate bank account and iv) International deposit account.

Trustee services - A Trustee is the individual, or company designated by a Settlor to carry out the Settlor’s wishes according to the Trust Deed. Foreign bank accounts can be used by the Trustee in managing the Trust assets.

International Mortgages - For investors in foreign real estate, Healy Consultants can assist in securing a suitable mortgage for their investment.

Corporate Finance and Letters of Credit - Healy Consultants liaises with leading financial institutions to assist clients obtain suitable corporate finance to meet their business objectives.