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> It could easily cost$5-10k in travel expenses to travel somewhere and establish accounts, plus the costs to account for and audit and maintain. Maybe don't t
by capableweb 3y ago
> It could easily cost$5-10k in travel expenses to travel somewhere and establish accounts, plus the costs to account for and audit and maintain.
Maybe don't travel to Dubai (or similarly most-expensive-countries-in-the-world) then and establish accounts in a country that doesn't wildly out-rich you. Also, you don't have to stay longer than just a few days most likely.
Besides, many places to allow internationals to signup for accounts also allow you to do a video call with account manager rather than going there in person.
- prepend 3y ago> Besides, many places to allow internationals to signup for accounts also allow you to do a video call with account manager rather than going there in person. I’m not so sure about that. No reputable banks where you’d want to have your other country account. And I don’t think the author considers “first cyber bank of Barbados” to fit this rule. And it’s certainly a horrible idea. > Maybe don’t travel to Dubai Please attempt to put together a travel budget from the US to some country that makes it cost reasonable for a “normal” person to travel and open an account. I picked $5-10k because if you have enough cash to keep overseas, you probably don’t want to take a mega bus to Toronto or Mexico City and scrimp to open the account and visit it.
- capableweb 3y agoSure, Seattle>Tokyo 1st October to 5th, $1000 flight ticket, hotel for 50-100/night, and you have like 3500 before you reach 5k.