Your Bank Account Made Global
Relocating to Australia or Canada? To assist you in maintaining your connection to financial channels when you're on the go, AIS Overseas has established global banking agreements. We can assist you with structuring and organizing your funds to maintain your peace of mind and maintain minimal disruption to your bank connection, thanks to our experience assisting professionals, families, and students with international relocation.
Banking Solution Details:
- Create accounts from India in Germany and Canada.
- Accounts can be opened up to three months before traveling to Germany and Canada.
- Completely online application; no upfront paperwork is needed to start an account.
- Access to a nationwide network of ATMs and branches in Germany and Canada.
- Minimum amount to be kept in place after six months.
- There are no application costs.
- Accounts were opened right away.
- Possession of funds (credits only) at account opening.
- When you arrive in your host nation, have your bank or debit cards ready.
- A committed personal banker is appointed right away.
Documents Needed
- Valid passport
- Valid visa copy
- Travel ticket
Frequently Asked Questions
The cost to open an offshore bank account varies according to the bank and jurisdiction and might reach $1,250 to $350.
It is possible to open an offshore bank account, but you must proceed with utmost caution when doing so. Numerous foreign banks are willing to take you as a client. However, not all of them will provide you with the ideal offshore bank account. You need to use extra caution while following the conventional wisdom regarding "bank offshore!"
The particular paperwork required in different countries varies when opening a bank account abroad. Still, wherever you are in the world, you will need:
- Identity proof: State ID, passport, and driver's license
- Proof of residence: Your ID with address, a copy of your lease, or a current utility bill
- Start-up Funds: Banks often ask for deposits of between $500 and $1,000 in minimum amounts.
- If you require a work or student visa to enter the country
- Verification of enrollment in a college or university
- A letter of employment or contract of employment
Offshore banking presents unparalleled prospects and a multitude of perks. It is an effective way to protect money and, in certain situations, exempt it from taxes. There are several chances available when using an offshore bank account that are not available through domestic institutions. This covers special investment vehicles, among other things.
The fact that an offshore bank account is completely private may be its most important feature. The laws of the country where the bank is headquartered protect the privacy of all activities conducted through the account. The account is protected from creditors, unhappy former workers, ex-spouses, and other interested parties. It functions as a defense mechanism in part.
