Why Local Domestic Corporations?
If you plan to purchase or start a business in any of these jurisdictions, your local business should be contained in a local company structure which can in turn can be owned by an IBC in another jurisdiction as an additional layer of protection and anonymity.
Local currency bank accounts can be opened under a business name in a local company, and in many instances is an easier process than for a personal account. Many local banks offer a wider range and more favorable product pricing to business account holders than to individuals as well. A Local currency account, along with one of the 'big three currency accounts' of USD, EURO and Pound Sterling (see our: International Banking section on this site) will only help to further diversify your holdings.
Please contact us if you would like to discuss setting up a Local Domestic Company.