Opening an offshore bank account from Bahrain

Post new topic

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

3398

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

T&R

XTang Bahrain/UAE/Saudi Arabia Expert

Member since 22 April 2014

XTangBahrain/UAE/Saudi Arabia Expert15 September 2020 08:12:06

11826

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?

XTang Bahrain/UAE/Saudi Arabia Expert

Member since 22 April 2014

XTangBahrain/UAE/Saudi Arabia Expert16 September 2020 08:47:33

11826

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

Articles to help you in your expat project in Bahrain

Opening a bank account in Bahrain
Bahrain has long been recognized as a leading financial hub in the Middle East, hosting a diverse array of ...
Getting married in Bahrain
For expats, moving to Bahrain often involves navigating new experiences, and marriage is one of the most ...
Driving in Bahrain
Driving a car is a common practice among expatriates in Bahrain, making travel easier and flexible. The Kingdom ...
Starting a business in Bahrain
Bahrain presents a prime opportunity for investors looking to enter the Gulf Cooperation Council (GCC) market. ...
Relocating with your pets to Bahrain
Moving to Bahrain is an exciting adventure, enriched by the opportunity to bring along your pets. The country ...
Studying in Bahrain
Are you moving to Bahrain with your family? Or are you looking to study in a Middle-East country and wondering if ...
Healthcare in Bahrain
Bahrain's healthcare system offers robust facilities and high standards of care, catering effectively to its ...
Driving and Public Transports in Bahrain
Can I drive in Bahrain?