Open a Numbered Bank Account
Now a days, people want to open a numbered bank account with a specification attached to it that IRS should not disclose the account holder’s name. Till few years bank it was simple for citizens of different countries to open a numbered bank account in Swiss bank without disclosing their details. However, in year 2004 it became difficult for Switzerland to entertain such requests. This happened due to adoption of new rules and regulations around opening a bank account in Switzerland. The important thing to be noticed here is that, this decision was not a willful decision. Switzerland was forced to start new and strict rules and regulations around this. It seemed at that point that these new regulations around money laundering will end the era of anonymous banking. At that time, all bank account holders of Swiss bank were obliged to disclose their identities attached to their accounts. The concept has been twisted a bit as now it is still possible for individuals to get numbered accounts in other countries however with a clause of disclosing their identities. The purpose of opening such accounts was to deposit money in such a fashion that a person is not required to pay tax on that money, however with new money laundering regulations, this purpose seems to fade out.
Switzerland was in spotlight because of being the only authentic country for such anonymous transactions. However, today there are many other options which are comparatively cheap and also provide privacy to the account holders. It requires good search in order to get such an option. So, lets say that you want an offshore bank account for anonymous banking. First and foremost you need to do a quality search to find a country which allows it. In order to get an offshore bank account with a debit card, one needs to pen down the banks where this facility is available. There is a lot of information online regarding this. Then once the bank is finalized, the person interested needs to open an offshore company in that country. The next step is to find a trustworthy person who is ready to become a nominee shareholder and the director for this company. This person needs to be a citizen of the country where a individual wants to open the anonymous bank account. This foreigner person will act as the sole shareholder of this newly formed company and the bank account will be opened in the name of this newly formed company.
If an account is opened in such a manner, the bank might provide an extra layer of privacy to the account as it is opened in the name of a resident company who has got a sole shareholder from the same country. In this manner, a person can ensure that the details of the account and the transactions are not shown to his respective country’s tax authority. This can help a person to avoid any kind of tax implication on the money deposited by him in this offshore bank account.