How long does it take to set up an offshore account?
A personal offshore account typically takes 2-3 weeks to establish once HFS has received an order. Forming a new offshore corporation takes 1-2 weeks. Setting up the new corporate account takes 2-3 weeks once the company has been established. Accordingly, the total turnaround time for establishing a new offshore company and an account is 4-6 weeks. This time frame can be shortened by paying a rush fee or purchasing a “shelf company” – a company that has already been formed and is available for immediate purchase. The process for forming an offshore structure and opening offshore accounts is explained in detail at How It Works ** Please note: There are services that claim to open offshore accounts in days. Some offshore banks even claim on their websites that they open accounts in very short periods of time (1-2 days). However, this is simply, unequivocally not true. Offshore banks, once they receive an application nearly always take 1-2 weeks or more to open an account. This has been t
