105: Offshore Banking: Essential Insights You Need to Know – Luigi Wewege
WHAT WE DISCUSSED IN THIS INTERVIEW:
- What is an Offshore Bank?
- Why don’t people use their local bank?
- Reasons why offshore banks would help
- What if you have a 9-5 job as an expat in a new country?
- Asset Protection - how it would help
- Zero tax jurisdiction
- Jurisdictions that are famous
- De-risking and what it is
- What is FATCA & CRS
- KYC and Money Laundering
- Accounts with multiple currencies
- Who can apply
- Luigi’s book: The Digital Banking Revolution
- And so much more….
Here are 5 really important things you will learn from this conversation:
- Take your application seriously. This is not like your local banks. Work with a 3rd party that has a reputation with the bank.
- Offshore banking has different price points than domestic banks
- Offshore costs more
- International business & Asset protection and diversification
- Take your jurisdiction seriously, they are not all the same
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Great conversation with my good friend Luigi Wewege. As I mentioned at the beginning of the interview, we met almost 3 years ago in Dubai and became fast friends. He’s one of the reasons I moved my family to Panama, all the great things he talked about living here. This is a really great video interview with him about all things Offshore.Mentioned in this episode:
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Join Us For Upcoming Live Webinars
Every month, we offer exciting new webinars for our community. Topics include how to use retirement accounts to buy real estate overseas, how to get a second passport in Latin America, why you should sell your stock portfolio and move your money offshore, how to buy a beachfront rental property in Brazil for less than $100k, or apartments in Paraguay for $60k. If you want to join us for FREE for these presentations with live Q&A, insider secrets, and exclusive opportunities with my professional network of experts, then sign up today.
Into The Amazon—Then Straight To The Beach
This year, I’m taking a private group into the Amazon rainforest—then we head to Fortaleza and explore Brazil’s booming Northeast coast. Think Amazon river cruises, beachfront developments, and wide-open opportunity. From the heart of the rainforest to pristine beaches most people only dream about—this is bucket-list meets Plan-B strategy. If you’ve ever wanted to see the real Brazil and scout investments along the way, this is it. Go to ExpatMoney.com/Brazil.