Since this is one of my first posts here at BHW, I wanted to give back and contribute to the forum. I have noticed a lot of questions regarding offshore banking and a lot of false information being passed around. In this industry if you aren't careful the consequences can be very serious. Since I am very familiar with this industry I wanted to pass along some knowledge. I'm not going to extol the virtues here of having a bank account in a country other than your own, that is for another post, but I wanted to provide a (very) brief overview of some of the different jurisdictions that are good for banking, depending on your needs. Safest Jurisdictions If you have six figures to park in an account and not really have a desire to touch it, there are a few chances that stand heads and shoulders above the rest, regardless of your country of citizenship or residence. Switzerland Switzerland has been notorious for the past several hundred as a tax haven, however its not quite what it used to be. Its no longer a haven for money launders and tax evaders like it was before, however when used properly (read those last three words again) it can be a remarkably powerful jurisdiction. Very modern, and some of the most (if not THE most) stable banks are located here. No bank in Switzerland has ever gone under. Ever. They simply get absorbed by a larger bank. There are many good choices in Switzerland, but not as much as there used to be. If you are a US citizen your options are more limited and getting a corporate account opened is very difficult regardless of your citizenship (unless your company is domiciled in Switzerland). Singapore Singapore is a real up and comer. It is fast becoming the ?Switzerland of the East? because of its reputation for discretion and the high quality of the bankers and banks located there. Singapore is frustrating the rest of the world for its general non-cooperation with exchange of information regarding tax matters. Like Switzerland no banks have ever failed in Singapore. A great choice if you are receiving funds from Asia, there really is no better choice. Hong Kong comes close but in general for Asia, Singapore is the way to go. Best Jurisdictions in the EU Cyprus Bank accounts are generally easy to open, lots of good banks located here. Has safer banks than a lot of the other choices in Europe. Latvia Seems to be a popular jurisdiction lately, and rightly so. Accounts (both personal and corporate) are easy to open and the fees are very low in general. The banks are not as well capitalized as the ones in Cyprus but the entire financial system in Latvia is extremely modern. Notes about the Caribbean Islands Much fuss has been made in the past several decades about tiny Caribbean islands being easy for money launderers and terrorists to move their money through. Not so anymore. Almost all of the islands are virtually useless for banking anymore, and not just because of the loss of privacy. Many jurisdictions have banks which are not well capitalized. The two best jurisdictions for ease of account opening, banking privacy, and low cost are St. Vincent and the Grenadines and St. Kitts and Nevis. Of these two if I absolutely had to choose I would go with St. Vincent and the Grenadines, especially if I was a US citizen, but that being said both are good choices. Caribbean jurisdictions you should absolutely avoid include Cayman Islands, Belize, Dominica, St. Lucia, and all of the other British dependencies. Also included in this list would be Panama, which was popular for a while but recently signed away its banking secrecy in a Tax Information Exchange Agreement (TIEA) late last year. Now that it has to compete head to head with other jurisdictions, it is no longer a recommended choice. Obviously there are plenty of other choices but this primer is not meant to include everything. Hope this was informative.