How Do You Open An Offshore Bank Account In Germany?
An offshore bank account is simply a bank account not located in your home country. Opening a bank account in Germany is fairly straightforward. There are no government restrictions imposed on U.S citizens opening an offshore account. Your account will be in euros, and you can use your German bank card in 15 European countries that have adopted the euro. Assets greater than $10,000 deposited in overseas accounts must be declared to the Internal Revenue Service on your annual income tax return. You must also declare dividends and interest earned. Select a large German bank, as it will have more branches and may have one in the U.S. Call a consulate office in the U.S. to determine which German banks have branches. If the bank has one, it will be easier to open an offshore bank account in Germany. Call the bank to inquire about specific requirements. Check Resources for a list of banks. Ask the bank for an application package. Read the instructions carefully. Make sure you can comply with
