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Originally Posted by dizuke
Hello...
Any advice that you could give on this topic would be greatly appreciated. There are companies that offer the set up, for around $1,500 is this something that I can do myself for cheaper?
Have a Happy Day!
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In my experience, there is no way around the offshore bank's fees. Typically people use these accounts as a tax haven and considering the amount of money they are moving, the benefits far outway the fees.
There are going to be set up fees no matter what; whether you file the government paperwork or they do, there will be money involved.