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Length: 1:56Published

Which Bank Account Is Least Likely To Get Frozen?

Which banking jurisdiction is most likely to keep your account open? We compare the UK, Uruguay, Mauritius and the USA to see where entrepreneurs and global citizens get the best long-term banking stability and why structure matters more than most people think.

Transcript excerpt

Which bank account rather stays open? The EU or the UK? The UK in this case, obviously. The EU banking really is the worst. AML regulations, source of wealth documents, and very, very strict regulatory environment that is getting worse by the day. In the UK, London still understands business banking. [...] Uruguay or the UAE? Uruguay actually holds. Yes, everyone loves Dubai in the UAE and it's great for taxes, but on the other hand, the banks have actually turned more cautious for higher-risk industries and they're fully plugged into CRS, which means your data is shared everywhere. And if you want an account that actually stays open, stability often wins over shiny.

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