It is advisable to select an offshore bank early on in the process of establishing your offshore company or other offshore structure.  The bank is obviously an important component of the overall offshore strategy.  Certain banks will only establish accounts for companies and from intermediaries in certain jurisdictions.  If a particular bank or country is preferred for the establishment of an offshore bank account, this should be given early consideration to guide the establishment of the offshore company, trust, foundation, etc. 

Sterling Offshore has conducted research and established relationships with several prominent banks in popular offshore banking jurisdictions around the world.  We have relationships with top international onshore banks and offshore banks around the world.  These onshore and offshore banks cater to a wide array of customers.  Some are more suitable for business and commercial accounts offering credit card processing facilities and internet access.  Some offer international personal banking with worldwide ATM cards, deferred debit (credit) cards, online banking and international checking.  Others offer private banking and wealth management for high net worth clients seeking privacy, stellar service and an opportunity to invest in otherwise unavailable markets.  Still others offer specialized services such as overseas mortgages, back to back loans and trade financing facilities.

After consulting with our client, we can provide an introduction to a suitable bank.  Many of these offshore banks will only accept applications from offshore companies established by approved intermediaries such as Sterling Offshore.  Otherwise, the client would be required to visit the bank in person to establish the account.  A few banks may still require a face to face meeting with the client within six months of establishing the account but we will advise you when this is the case.