Bank Signatory Services as a way to conceal your identity form the bank. This assures one of their privacy and secrecy. There are ways to do this and ways to do this. We will illustrate the correct way to do this using a law firm to protect your privacy.
Trust Agreement - The correct way to do this is to enter into a formal but secret International Trust Agreement with the law firm to provide attorney client privilege in all the transactions. The law firm is generally the Trustee and the client is the Trustor. The law firm in Guatemala performs this service for clients. Under the terms of the agreement the client has a corporation which is anonymous in that no one can look up who owns the corporation and see the clients name anywhere in any public registry, database or in this case the bank does not even know who the client is. This corporation then gets a bank account in Guatemala or Mexico with the law firm acting as the signatory so the bank does not know the clients name at all. The bank never sees any ID documents for the client. The account would have online banking and an ATM debit card and/or secured Visa card. The corporation is an anonymous bearer share corporation and of course the client can have 99% of the share certificates. The client can also have a general power of attorney over the corporation made out to them or some other person or even in blank. Combining this with the International Trust Agreement gives the client a lot of back up control over their affairs.
Attorney Client Privilege - This is often an important missing piece of the asset protection structure. These people acting as a signatory should be a law firm and there should be a trust agreement in place protecting you and defining the roles involved in the trust relationship. The International Trust Agreement also allows you to name beneficiaries in the event you are disabled, or deceased. Only a lawyer can offer you privileged communication. A non-lawyer signatory is free to do whatever he or she wants with the information they have about you and your affairs. It is also easy to obtain records from them by court order since there is no attorney client privilege being violated. Is the signatory really going to go out and hire a lawyer for thousands of dollars to defend your privacy? Use a law firm.
International Trust Agreement Advantages - If a bank account is involved the bank does not know who you are. The bank only has the law firm listed on the account. No information on you is given to the bank. This is the same if there is a corporation involved or not. Even though Guatemala has no tax treaties or Mutual Legal Assistance treaties with the USA, Canada, or European Nations it is gratifying to know that it is impossible for the bank to violate your privacy or secrecy at the request of another party, government, lawyer, court, etc.
Corporation International Trust Agreement Banking - If you are interested in signatory services using the International Trust Agreement the fee is $8000 for the anonymous corporation, international trust agreement, virtual office, and bank account. There is an additional one-time charge of 5% of all the monies entering into the account. There is no tax on offshore income in any jurisdiction we use. In Guatemala the attorney client privilege is extremely strong, practically sacred. Guatemala has excellent bank secrecy. You do not have to come to Guatemala but if you wish to come, welcome. The time frame to form a corporation and have a bank account open is approximately one week after the documents and fees have been received. The bank will have online banking. The corporation can be used for purposes other than opening this bank account.
Personal International Trust Agreement Banking - If you are not going to be receiving funds from clients, customers, etc. you may wish to go with a Personal International Trust Agreement Banking Structure. No corporation is formed. You would be using one of the law firm's bank accounts. There is no online banking. You will have a banking representative assigned to you from the law firm. Using a secure encrypted email account you will communicate with your banking representative for balances, history, receipt of incoming wires and ordering outgoing wires. The email never leaves the server. The fee for the personal account is only $2000, plus 5% of all the incoming funds as a one time fee. The time frame to set this up is two to three days from the receipt of the documents and the fee and then you could be receiving wire transfers.
Documents Required - Notarized copy of a driver license and passport. These can be sent as scans attached to an email. That is it, nothing else required. No reference letters of any sort required. Documents should be sent to:
Questions: Feel free to inquire.
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