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Where do rich people keep their money? Which places offer the best banks for wealthy individuals?
If you have lots of money, you certainly want to make sure that your money is in safe hands. Some countries are safer than others.
If you are very rich there are some places that will welcome you! Switzerland is one of the safest places in the world for banking for high-net-worth individuals. They offer private banking services to their clients, and safety is guaranteed.
Swiss banks are favorite among rich people, and they are considered the best in the world.
Other than Switzerland there is Singapore, where lots of our rich clients decide to keep their money. It's extremely safe, and the service is impeccable.
Then there is the US. The United States of America has a very good banking system. It's safe, accessible, and easy to deal with. Many rich people from all over the world keep their funds in American banks.
But what about less known places, such as Andorra, San Marino, Channel Islands, or the Cayman Islands? What about various different offshore banks?
Some of them are better than others. Generally, I wouldn't put a large amount of money in an offshore bank on a small island.
One option that is appealing to many, and is only growing in popularity is certainly the UAE banks, especially banks in Dubai.
Dubai is a massive business hub, and many wealthy people from all over come to live here. Banks offer a variety of different services depending on your needs. Dubai is generally a good option for banking.
We are also covering some places that you definitely shouldn't consider if you want to park a larger amount of money.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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