Andorra Offshore Bank Accounts ± Including Numbered Accounts

20 Advantages of Andorra Banking 1) Only top management at the bank can access numbered account files 2) Numbered accounts can have Visa and MasterCard tied to the account 3) Card names can be secure, Don S. Norman can be Don S.N. on the card 4) The Bank is in Europe but not an EU member state 5) Bank has serious bank secrecy laws 6) Full online banking including sending wires out online. SWIFT and IBAN capable. 7) Multi- Currency Accounts includes all Major Currencies including ± USD, EURO, British Pound, Swiss Franc, Australian Dollar, Canadian Dollar, Singapore Dollar. 8) You can hold Gold & Silver ± Allocated gold kept at the bank. You can take delivery of the metals. 9) Full Stock Brokerage, all major exchanges around the world and forex 10) No need to visit bank for account opening due to our special relationship 11) No Taxes ± no offshore derived income tax, no capital gains tax, no inheritance taxes 12) No Tax Treaties with US, Canada, Australia, India or Latin American Countries 13) No Mutual Legal Assistance Treaty with USA, Canada, Latin America 14) Anonymous Bearer Share Corporations can be used from other jurisdictions 15) Anonymous Trusts can be used and can be the beneficiary owner of the corporate bank account 16) Bank is a billion dollar bank 17) Bank is over 50 years old 18) Bank personnel speaks English, Spanish and French 19) Bank promptly returns emails and answers the phones 20) Private Bankers available, min for private banker is $500,000. Regular accounts, corporate accounts and numbered accounts have no minimum. Executive Summary ± Well we now can get numbered bank accounts in Andorra. These are very difficult to get. Your name will not appear as the name of the account, just the number. We are conservative in our banking evaluations and these accounts are very secure and private. The bank is a top notch old money institution. Multi currency accounts are available including USD, EURO, CAD, AUD, GBP and CHF plus other currencies. They speak english, french and spanish. They answer the phones, return emails, private bankers available and they have stock brokerage in all major markets and Forex. Andorra ± This is a small country wedged between France and Spain. Andorra is only 468 sq. kilometers. They have a population of 84,000. They do not favor immigration with a 20 year residency requirement to become a citizen. They are not in the European Union, yet they are in Europe. They have a long history of being a stronghold of private banking. They are today an excellent banking

jurisdiction that appeals to many but is no longer advantageous for citizens of the EU. Please do not try to compare Andorra with Switzerland. Andorra was never an aggressive banking and tax haven like Switzerland. Switzerland has always had a sordid past. In WWII they were storing gold bars with swastikas on them made of gold from the filings of concentration camp victims. The Swiss Banks started having physical locations in the USA meeting with people to help them save money on taxes if they had over $10,000,000 to invest. They even hired celebrities to come to parties and events they sponsored. What this did was give the USA perfect jurisdiction to go after the banks for conspiring with USA citizens to break income tax laws. The result of this was all the awful things that happened to the Swiss banking system. Andorra never did anything like this. Andorra was never really involved with American clients, perhaps they had a few here and there. Andorra is not a pot of low hanging fruit for the American government. They had a lot of European clients and have entered into tax treaties with some European nations, their neighbors in essence. Andorra is not good for Europeans. For everyone else it is great. With our special relationship we can do things in Andorra that cannot be done anywhere else. Andorra Taxes ± Andorra does not tax non-residents. For you this is a tax haven. No taxes. No tax returns to file. About the Bank ± The bank is a private offshore bank, over a half of century old. They have $1.5 billion dollars in assets. This is an old money bank. If you have $450,000 you can be moved over to their private banking division and have a private banker assigned to you. The private banker will help you with investments. The bank does not charge any percentage fees like the Swiss did. They offer multi-currency accounts in all major currencies. They speak english, spanish and french. They answer emails and phone calls. They offer online banking including the ability to execute out going wire transfers online. There is no minimum deposit when you go through us. Accounts can be opened in 710 days including the online banking password. The clock starts ticking when we have all the documents and payment. Bank Secrecy ± We are working with a Billion Euro European Bank in a secure European Bank Secrecy Country. They accept anonymous bearer share corporations from other jurisdictions. They allow trusts to be the beneficiary owner of the corporation, instead of you, yet you are still the signatory on the bank account. This bank is not suggested for citizens of the EU. They have some exchange of information treaties with other European Union states. We do suggest this bank for citizens of USA, Canada, Latin America, Asia and other places. Just not for Europeans. This is an old established (half a century old) private bank that is highly liquid in an extremely secure european country. How Does a Numbered Bank Account Work ± Instead of the account having your name as the name of the bank account, it uses a number only. Normally, you would have say a corporation and have the account in the name of the corporation. With a corporate account the wires coming in and going out have the name of the corporation, not your name. With a numbered account it is better. Numbered bank account records are only accessible by a few top management personnel at the bank, so there is some advantage right there. The SWIFT, ABA and IBAN wire systems require a beneficial owner to be listed in the wire instructions. So sending wires to and from a numbered account can be problematic. You can have a numbered corporate account using an anonymous bearer share corporation. To send and receive wires you insert the name of the anonymous corporation in the beneficiary owner field of the wires. This reveals nothing since the names of the owners of this corporation are not in any database or registry anywhere, yet satisfies the wiring requirements of the various wire systems. Then we can have a second non corporate numbered account. This is basically a personal numbered account. If you send or receive wires using this account you would need to put your name in the wires

and this is unacceptable so we do not use this account to send or receive any wires. What this numbered account is used for is to receive funds transferred inside the bank. You send and receive international wires through your anonymous corporation numbered account. The name of the anonymous corporation appears in the wire information only, not your name. The anonymous corporations we use will not have the name of the owners of the bearer shares in any public registry or database. The government of the country that issued the corporation does not even know who owns the corporation. So wires are sent and received through the corporation bank account. Excess funds and savings are kept in the numbered account. The funds are transferred to and from the corporate account inside the bank, to and from the non corporate numbered account, with no external records of any wire transfers. No one knows about the non corporate numbered account unless you tell them. There is no wire trail to follow. The numbered account can have a visa or MasterCard tied to the numbered account as well. See the card section below to see how this works to preserve your privacy. The numbered account is another defensive tactic in the asset protection arena. Today one does need all the help they can get. There are prison sentences awaiting violators of bank secrecy in this country including bank and government officials. With the numbered accounts the amount of people that can access the ownership records is very restricted. It is very secure and private. Trusts, Anonymous Bearer Share Corporations and Numbered Accounts ± There is a way to use all these asset protection tools to really keep your hard earned assets safe and secure. What is done is a Belize Trust is set up to be the owner of a Belize Anonymous Bearer Share Corporation which has a bank account in the bank. You are not the owner of the corporation. On the bank account the trust is listed as the beneficiary owner of the bank account, not you. You are still the signatory on the bank account. You are the only signatory on the corporate bank account. The trust owns the bearer shares of the corporation but has no bank account. You can be a beneficiary of the trust, other persons can be beneficiaries, corporations and trusts can also be beneficiaries. So now you have a corporate bank account you are not the owner of, yet you are the signatory on this account. This is an extremely hard scenario to find anywhere in the world, let alone in a high quality bank, in a secure sound jurisdiction. To make things more secure we can have another non corporate numbered bank account also in place at the same bank. This enables you to transfer funds to and from the corporation to the numbered bank account. All wires received and sent go through the corporate account. The transfers to the numbered account are internal inside of the bank with no external wire trails. No one will know the numbered account exists unless you tell them. This is the ultimate in banking security. There is nothing more secure anywhere in the world. This is an incredibly secure structure. Combine this with the fact that the jurisdiction is lacking Mutual Legal Assistance Treaties, Double Tax Treaties, Tax Information Exchange Agreements (They have these with EU only), No Offshore Derived Income Tax, No Inheritance Tax, and No Capital Gains Tax on bank interest. Gold & Silver ± The bank will hold gold and silver for you. This is a custody/storage service, think allocated gold and silver. You can show up at the bank and take your gold and silver with you. The metals are bought at market prices and there is a custody charge imposed. The custody fee is ½ % per year. For example if you had $100,000 of precious metals the fee would be $500 per year. Stock Brokerage ± The bank offers stock brokerage services. The major markets around the world are offered. They have online trading or you can use a live broker. There is also a Forex option. USA people cannot buy US stocks, they can buy stocks in other markets like Europe for instance. Inquire with questions. Available Currencies - Multi currency accounts are available including CHF, USD, EURO, CAD, AUD, GBP plus several other major currencies. You can hold these currencies, receive them and wire them out.

CD Rates ± The bank offers CD's in Euros. The rate is 1.75% (approx. rates fluctuate) for a one year CD with a minimum of 100,000 euros. This is a typical rate for today. Offshore Bank Issued Visa and MasterCard ± The bank does issue Visa and MasterCards with corporation names only on the card. No personal names on the card or in the magnetic strip. They have a great card program. If the Visa card is tied to a corporate account, ONLY the corporate name appears on the card. If it is a numbered account then the persons name appears BUT we could use the abbreviated short form for security. If the persons name is Bruce G. Stillwater, the card can read Bruce G.S. Or it could read B. Stillwater. You could have a corporate numbered account and that way get the card with only the anonymous bearer share corporation name on the card. The important thing is that the name of the owners of the anonymous bearer share corporation could not be looked up in any public registry or database. You sign the back of the card so the store owner can compare the signature to say your driver license. You could use a first initial and last name. The signature on the back of the card does not go into any computer database. The bank also has debit cards good for the ATM machines and point of sale pin number entered purchases only. Taxes ± There are no taxes on offshore derived income. There are no capital gains taxes. No inheritance taxes. No wealth taxes. This is a tax haven proper. Tax Treaties ± No Tax Information Exchange Agreement treaty with the USA, Canada, Australia. The country of the bank has some tax treaties only with a few other European nations. This is great for Americans, Canadians, Australians, Latin Americans, Indians and Asians. Mutual Legal Assistance Treaty (MLAT) ± This country has no MLAT with the USA or Canada. Private Banker ± The bank will assign a private banker to you. There is a minimum deposit of $450,000 for a private banker account. Regular corporate or numbered bank accounts do not have any minimum, just the private banker accounts. Bank Annual Fees ± There is an annual fee the bank charges of $500. Renewals for a Belize Trust or a Belize Corporation are $700 each, starting in year two. Time Frame ± It takes approximately 10 -14 working days to get the account open with online banking. The clock starts ticking when we have all the docs ready and payment received. The 14 days includes corporation and trust setup times. Due Diligence Requirements We need to inform you that all the banks in all the countries are now under international pressure. We work with countries that do not have Tax Treaties and in the case of Andorra and Guatemala also lack mutual legal assistance treaties. These banks are nervous about getting real criminals with dirty money in their banks. We can not blame them. So what they do is get serious with their due diligence. This is an unfortunate inconvenience that we have to accept as a reality in todays world. Sorry. For all Corporate Accounts We need a scan of the passport. This should be in color and sent as a 300 dpi, jpeg or jpg in an email as an attachment. Additionally one has to fill out the bank forms. When you courier in the bank forms you will need to include a hard color copy of the picture page of the passport along with the completed forms. You will need to get a copy of your passport notarized at a local notary. Then you will have to take or send this notarized document to get apostilled. If you are in the USA you probably are not familiar with this process. An Apostille is a state office, all the 50 states have them. They will certify the fact that the notary signing off on the document is in fact a notary. This is all that the Apostille Process is. You can send the document in by email and have it sent back in a prepaid express mail

envelope or they will usually mail it first class to you. For a list of the addresses of the apostle offices in the USA and around the world please go here: For a list of the apostille offices with websites, phone numbers etc go here: The Apostille Section - The Hague Convention Next the bank requires reference letters. They are going to need either two bank reference letters, or one bank reference letter and one reference letter from a lawyer. Bank reference letters merely state on a letterhead that you are a client for so long and are in good standing with the bank. They need to be on a letterhead of the bank and signed personally by a bank staff member. A lawyer reference letter is done on a letterhead and states that the lawyer knows you and thinks favorably of you. Exact wording is not important. It too needs to be signed by the lawyer. You may not have two lawyer reference letters, one reference letter must be from a bank, or both letters can be from banks.. They prefer a bank in your residence country but they will accept a bank in another country. The letters do not need to be notarized. Best is to send us scans of the letters for review and then send originals to the bank. The bank forms can be sent to you on the internet and printed out. Then you can fill them out and return directly to the bank by courier. Our staff of course is going to assist you in filling out the forms. The forms cover what activities you are engaged in which can be work related or savings. There are questions about your business. Questions regarding investment goals, strategies, etc. Your investment experience and pertinent financial education is included in the forms. They will ask for source of funds. We do not find the bank forms overly invasive or unusual in any way. It is probably a 15 to 20 minute experience with our assistance. Since we only open bank accounts for corporations we have formed, we will be very attentive in helping you fill out the bank forms as they pertain to the corporation and or trust structures. For Online Banking Corporate or Personal - You will need to provide the bank with a residential address so that they can send the online banking token to this address. Must be a street address in that couriers are used to deliver the device. The bank also wants a cell phone so they can send you a SMS text message pertaining to the online security token. The online banking token generates a random password every time you press the button. The passwords are one use only. They are for your protection and are extremely effective in guarding your account from any unwanted intrusion. Fees ± All fees are collected by wire transfer only. Corporate Bank Account with Belize Corporation. Also includes an additional numbered bank account - $3495 Corporate Bank Account with Belize Corporation and Belize Trust. Also includes an additional numbered bank account - $4995 Questions ± Feel free to contact us for questions. Http://www.panamalaw.org

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