Opening an offshore bank account from Bahrain

Member since 29 August 2017

Haseeb.ali.88New member15 September 2020 07:11:56

Hey Guys,
I want to ask if someone has any recent experience or recommendation to open an offshore account from Bahrain?

logicalindian Bahrain Expert

Member since 01 May 2013

logicalindianBahrain Expert15 September 2020 07:41:01

3507

There was a discussion on this thread https://www.expat.com/forum/viewtopic.php?id=504082 Hope it helps

T&R

XTang Bahrain/UAE/KSA Expert

Member since 22 April 2014

XTangBahrain/UAE/KSA Expert15 September 2020 08:12:06

11957

Yep look at that link - I have given details there. I have opened two offshore bank accounts while in Bahrain; one with Citibank Singapore and the other with Standard Chartered Singapore.

Minimum balance for Citibank is $200,000 and for SCB $100,000.

Haseeb.ali.88 New member

Member since 29 August 2017

Haseeb.ali.88New member16 September 2020 08:05:15

Thanks xTang, actually i am looking to put some savings offshore to have some liquid cash since its actually has been very difficult to move money out of Pakistan recently.
Since you are the Finance guru , do you have any recommendations which is better among this?

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XTang Bahrain/UAE/KSA Expert

Member since 22 April 2014

XTangBahrain/UAE/KSA Expert16 September 2020 08:47:33

11957

Depends on what kind of cash do you have to open with.

I prefer:
Citibank - $200K min relationship
Lloyds international - $100K min relationship else you get charged
Secondary:
SCB - $100K min relationship