Does anyone have experience with offshore banking account? Any recommendations/suggestions? How safe/easy to handle it is? Will be used as a direct deposit account for salary. I'm aware that if you are a citizen/resident you have to let IRS know. Need this for my family which is located in eastern Europe and has difficulties with the political regime and is afraid that their economical stability (among other things) may be affected by the government. PS For ppl who doesn't know much - offshore banking doesn't necessarily have to do anything with illegal stuff, this is just a bank/banking account in another country #personalfinance #banking #offshore
Seems like a good use case for bitcoin
HSBC
Why wouldn't you just send money to the bank account established under your family's name in Belarus or wherever they are (not sure why you would not mention the country).
I believe you setup a shell Corp first, have your employer pay you and you wire into your shell
I’m in the exact same situation. So far I’ve just been wiring money directly to their bank, but it looks like that may not be an option soon.