Most people get a passport will first do two things: first, travel abroad, and second, begin to put a part of the assets to do overseas configuration, so you need an offshore account; however, how to open an account in an offshore bank, this article teaches you to use Dominica's passport to make an overseas account application, one day to get a bank card! Putting the Commonwealth passport to good use. If you are interested in overseas asset allocation, you can first read this article: transferring assets overseas, are you doing it right? How to plan? Legally and safely avoid the automatic exchange of global bank account information? How can passport + identity planning solve the CRS problem? Again, I have made a video, if you prefer to watch the video, you can just click here to watch it. An offshore account and an offshore bank account are actually talking about the same thing, specifically the same thing interpreted in different ways. Before opening an offshore account, you should be prepared that opening an offshore account is not as simple as opening an account in China, because opening an offshore account is very much related to your asset allocation, tax planning, and CRS planning; if you are not clear about it, I suggest that you invest some time before opening an account to understand these three things, and I'll share them again when I have the chance. Reference: Transferring assets overseas, are you doing it right? How to plan? Legally and safely avoid the automatic exchange of global bank account information? How can passport + identity planning solve the CRS problem? Reference: Tax ID/Tax Resident Because I myself have been traveling with a Dominican passport, so I share is to open an account as a citizen of Dominica, if you are using other Caribbean passports basically will not be much difference, as long as you can grasp the essence of offshore bank account opening on it, if you do not understand why I chose Dominica or how I chose the Caribbean passport, you can look at the Here (open new link) personal experience, the original can legally buy a passport immigration ! A Commonwealth passport, access to 130 countries, but how do you choose? Dominica, St. Lucia, Vanuatu, or (open new link) their own passports, half the price! Passport immigration only takes three months! How to solve the problems you may encounter during the process of buying a passport Dominica passport. First of all, you must be able to explain to the local bank, because the bank must know where you are a tax resident, as well as the reason for opening an account, I give an example, for example, you intend to study here, you intend to invest in this country, or you intend to buy a house house, immigrants, are all very reasonable reasons, the second step, is to contact the local lawyers, embassies, or consulates, to get the correct information about the account opened Dominica in Belgium, Cuba, the United Kingdom, the United States, as well as the United States, and also in the United Kingdom, the United States, and also in Belgium. Dominica has embassies in Belgium, Cuba, the United Kingdom, the United States, and Beijing, a consulate in Japan, and consulates in Cyprus, France, Greece, Switzerland, Sweden, and a consulate in Morocco. Because of the different regulations of each country, you may need to have the embassy certify your Dominican documents locally. https://www.youtube.com/watch?v=nmpfhzB4MHE#t=1m16s About the tax number About the tax number please pay special attention to, for financial institutions represent your tax number, while determining where you are a tax resident, to declare your account property to where, not just look at your passport! In China, Hong Kong, Macau or Taiwan, the number on the ID card is the tax ID number, most people may not understand what this is, many people ignore this matter, open an account with an overseas passport, provide a Chinese address, Chinese telephone number, Chinese tax ID number, if you even submit to the bank's source of income are from China, you are very likely to shake the bank that you are a tax resident there, the bank is very likely to exchange your account information back to China. The bank will most likely exchange your account information back to your home country. You applied for a Dominica passport is not the same as you applied for a Dominica tax ID number So please note that when you open an account, you should prepare a good Dominica tax ID number, as well as an address in Dominica, plus a telephone number in Dominica, you can already assume that the bank is doing its due diligence, you can completely summarize me as a tax resident of Dominica, unless he can otherwise determine that your tax liabilities are not in China. So please pay special attention when opening an account, as Chinese people have the obligation to pay taxes to the state, so before opening an account, please make a good consultation not to violate the law. Extended reading Dominica passport application success stories, Dominica passport application for U.S. visa success stories, U.S. student visa success stories, naturalization after the application for a certificate of non-crime, Hague authentication success stories Quick understanding of the Commonwealth of Dominica passports, processing, materials, notarization, time, visa-exempt countries, eligibility to apply for, the advantages of Dominica passport visa-exempt countries Upgraded Citizenship by Investment in Dominica Citizenship Program Commonwealth of Nations passports How to open an offshore bank account? Teach you to use Dominica passport, offshore account opening application, one day to get a bank card! Dominica passport to apply for a 10-year U.S. visa B1 B2 Simpler than you think Real experience sharing Compare: St. Kitts ...