Episode Details

Offshore Banking: Essential Insights You Need to Know - Luigi Wewege

Episode 105 Published 5 years, 6 months ago

Description

Today’s guest on the Expat Money Show is Luigi Wewege, Senior Vice President and Head of Private Banking at Caye International Bank, headquartered on the beautiful island of Ambergris Caye in Belize. He is also the published author of The Digital Banking Revolution. .

WHAT WE DISCUSSED IN THIS INTERVIEW:

What is an Offshore Bank?
Why don’t people use their local bank?
Reasons why offshore banks would help
What if you have a 9-5 job as an expat in a new country?
Asset Protection - how it would help
Zero tax jurisdiction
Jurisdictions that are famous
De-risking and what it is
What is FATCA & CRS
KYC and Money Laundering
Accounts with multiple currencies
Who can apply
Luigi’s book: The Digital Banking Revolution
And so much more….

Here are 5 really important things you will learn from this conversation:

Take your application seriously. This is not like your local banks. Work with a 3rd party that has a reputation with the bank.
Offshore banking has different price points than domestic banks
Offshore costs more
International business & Asset protection and diversification
Take your jurisdiction seriously, they are not all the same

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CONCLUSION

Great conversation with my good friend Luigi Wewege. As I mentioned at the beginning of the interview, we met almost 3 years ago in Dubai and became fast friends. He’s one of the reasons I moved my family to Panama, all the great things he talked about living here. This is a really great video interview with him about all things Offshore.

Mentioned in this episode:

No Plan-B Without the Language

If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning m