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Countries That Still Keep Bank Account Secrecy  
User currently offlineTACAA320 From , joined Dec 1969, posts, RR:
Posted (8 years 7 months 2 days 7 hours ago) and read 1616 times:

Greetings

I'm just wondering about which countries still have secret accounts and also those known as "Fiscal Paradise" [eg. Cayman Islands, Luxembourg, Gibraltar, etc.]. Somebody ask me about them and I'm not sure about them, since Switzertland is not keeping any secret accounts anymore [correct me pls if I'm wrong].

Thanks.

10 replies: All unread, jump to last
 
User currently offlineSabena332 From , joined Dec 1969, posts, RR:
Reply 1, posted (8 years 7 months 2 days 7 hours ago) and read 1611 times:

Once I heard that the Seychelles give you complete immunity when you pay them 100.000 USD (can anyone confirm that?).

So when you can kill someone in Germany and take the Condor flight to Mahe to pay the government of the Seychelles a nice amount of money to enjoy the rest of your life on this small archipelago, then I can imagine won't these guys have the slightest problem with giving you an anonymous bank account (for far less than for the aforementioned 100.000 USD).  Wink

By the way, how is the situation on Bermuda? It is also labeled as a "Fiscal Paradise" so I can imagine that the banks there are also offering anonymous bank accounts (I really don't know since I only withdrew money from banks when I was on Bermuda  Wink).

Patrick


User currently offlineMD11junkie From Argentina, joined May 2005, 3146 posts, RR: 58
Reply 2, posted (8 years 7 months 2 days 7 hours ago) and read 1601 times:

Uruguay I believe is on that list, too.

Cheers! wave 
Gastón - The MD11 Junkie



There is no such thing as Boeing vs Airbus as the queen of the skies has three engines, winglets and the sweetest nose!
User currently offlineME AVN FAN From Switzerland, joined May 2002, 13920 posts, RR: 25
Reply 3, posted (8 years 7 months 2 days 6 hours ago) and read 1592 times:

Quoting TACAA320 (Thread starter):
wondering about which countries still have secret accounts

you might try Liechtenstein (top discreet place) or Jersey or Guernsey or Monaco. However, just as Switzerland, all of them, while still HAVING such accounts, are under heavy pressure to stop illegal funds out of crime. Police btw. in principle ALWAYS did have access to a lot of information which otherwise was hidden. A primary point however is the legal side. Certain "tax-evading techniques" which in Germany are legally a crime in Switzerland are completely legal. Things which can land you in jail in Nice and Savona are OK in Monaco. But you have to ask a lawyer about the details, as the matter is extremely tricky.


User currently offlinePelican From Germany, joined Apr 2004, 2531 posts, RR: 8
Reply 4, posted (8 years 7 months 2 days 6 hours ago) and read 1587 times:

Quoting TACAA320 (Thread starter):
Luxembourg

I guess Luxembourg don't keep it anymore, too. I think there is an EU-regulation about bank account secrecy and disclosure of information.

pelican


User currently offlineLTBEWR From United States of America, joined Jan 2004, 13042 posts, RR: 12
Reply 5, posted (8 years 7 months 2 days 5 hours ago) and read 1566 times:

As Switzerland isn't a member of the EU as to critical economic and banking issues, they can still have a 'secret' accounts law. I do agree that Switzerland and other countries are still tax havens for the rich and havens for criminals, especially political leaders from outside those countries.
I do think there should be a serious UN session and committee to try to find a way to end some of the protections of these secret banking havens.


User currently offlineCedarjet From United Kingdom, joined May 1999, 8061 posts, RR: 54
Reply 6, posted (8 years 7 months 2 days 5 hours ago) and read 1553 times:

Switzerland of course (the only reason it's not in the EU - the top EU guys like it that way).

Surprised to see the Switzerland of the Middle East off the list, Lebanon has always been famous for being a financial hub (even during the war) because of it's banking secrecy laws.



fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz
User currently offlineWhiteHatter From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 7 months 2 days 3 hours ago) and read 1530 times:

The British Virgin Islands must also be a fairly secure and discreet place to hide your money. That's where Branscum hides his cash pile.

The Isle of Man is also another place which does much tax-lite and discreet banking.

The ultimate in secret banking is a deposit box. Secure and nobody can get into it without a key, although obviously no interest. Put your money into gold and let it sit in a bank box and you should get some growth on it.


User currently offline2H4 From United States of America, joined Oct 2004, 8955 posts, RR: 60
Reply 8, posted (8 years 7 months 2 days 3 hours ago) and read 1524 times:
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DATABASE EDITOR



It's surprisingly inexpensive to maintain a Swiss account. You just need to pay a reasonable annual fee, and maintain a minimum account balance of, in one example, $4500 USD.




2H4





Intentionally Left Blank
User currently offlineTACAA320 From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 7 months 2 days 2 hours ago) and read 1516 times:

Quoting 2H4 (Reply 8):

It's surprisingly inexpensive to maintain a Swiss account. You just need to pay a reasonable annual fee, and maintain a minimum account balance of, in one example, $4500 USD.

Amazing low amount for a bank in Switzerland.

I heard about a lot of "benefits" give by Banks in the Cayman Islands BUT the are not [apparently] "weel appreciated' by the U.S. Government. Same with Panama, they have more than 120 banks there [less than 500 where I live].

Thanks guys for all your valued information!


User currently offlineTACAA320 From , joined Dec 1969, posts, RR:
Reply 10, posted (8 years 7 months 2 days 2 hours ago) and read 1513 times:

http://www.businessweek.com/magazine/content/03_43/b3855183_mz035.htm
"
Two years ago, Credit Suisse decided it needed to beef up its private banking business. But it chose to look outside of Zurich, the traditional hub for servicing Europe's barons and billionaires. Instead, the bank doubled the size of its Singapore private banking staff. "Singapore is one of the growth markets in private banking," says Martin Somogyi, a Credit Suisse spokesman. And Switzerland itself, it seems, is not. Indeed, Singapore is now Credit Suisse's largest private banking center outside Switzerland.


Credit Suisse is not alone. These are hard times for almost all Swiss bankers, at least in their home country. Industry observers say the Swiss market is saturated with too many banks chasing too few Swiss francs. Worse, banks in Switzerland, a holdout that never joined the European Union, are facing constant demands for more disclosure concerning their non-Swiss clients and for heightened cooperation in making sure European account holders pay taxes on some of their Swiss earnings. The Swiss government and the EU are working out the last details of a new agreement that will require banks to withhold tax payments on offshore interest income and send them to clients' home tax authorities....."


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