How to Open Offshore Account in Italy (2023 Guide)9 min read

How to open offshore account in Italy with our 2023 guide, you can easily learn the tips and details of opening an offshore bank account in Italy. Italy, which has been one of the frequent destinations of traders throughout history, still invites investors to open an international bank account in their own country. 

First, let’s talk very briefly about the anatomy of an offshore account. What is an offshore account? Bank accounts opened by people or companies outside the country they are in are called offshore accounts. This type of account is also known by various names such as “international bank account” or “international banking account”.

Offshore accounts are preferred because of the various advantages they provide to their investors. Various advantages such as tax advantage, deposit diversification, foreign currency transactions, account information privacy enable such accounts to be opened in many countries, including Italy. 

So, how to open offshore account in Italy? 

In order to open an online international banking account in Italy or to open an international bank account successfully, you should examine the conditions of the regulations.

How to Open an Offshore Account?

One of the first and most basic rules of opening an offshore bank account is to give confidence to the bank you will open the account with. 

A similar situation can be mentioned for Italy. The documents required to open an offshore banking account in Italy are similar to other EU countries. With The Guardian Bank, you can create your offshore account through an online panel without the need for any physical visit.

Documents required to open an offshore banking account in Italy:

• Identity document or passport
• Tax code
• Paid invoice for a contact address in Italy
• Bank draft

Just like in Bulgaria, the Netherlands or Germany, companies or individuals can open an Italian offshore bank account.

Can Everyone Have an Offshore Account in Italy?

Anyone in the world can apply to open an offshore bank account in Italy. 

You can use digital banking platforms like The Guardian Bank to open an offshore account in Italy. Offering low fees or free financial transactions, the platform can also assist you in opening an offshore bank account in Italy. 

How to Open a Bank Account in Italy from Abroad?

You can open a bank account in the country using online financial services of The Guardian Bank. 

The following documents are often requested during the account opening process from those who are Italian Citizens or who are temporarily in the country: 

• An Italian tax code (“Codice Fiscale”)
• Copy of valid ID or passport 
• A residence permit
• Proof of employment or self-employment 
• An Anti-Money Laundry (AML) compliance.

The Guardian Bank digital banking platform allows you to open a bank account / offshore account in Italy and other countries of the world, with digital copies of the documents required to open an account. In addition, it is possible to easily perform your other financial transactions on the platform – without paying an additional fee to an agency. 

Can Foreigners Open a Bank Account in Italy?

Non-Italian citizens can open a bank account while they are in the country temporarily or from another country. In summary, we can answer this question as “yes”. 

But in both cases – and especially to open an Italian offshore banking account – Italian banks follow a unique and often strict policy. The Guardian Bank allows you to do Italy offshore banking by applying online with its easy and user-friendly platform. You can choose The Guardian Bank for a safe digital banking experience without surprise fees.

Students or workers who are temporarily in the country may need various additional documents to open an account in Italy (student certificate, temporary work certificate, etc.)

Can I Open a Bank Account in ltaly without Residence Permit?

Documents such as “invoices” with an address are often requested by banks to open an offshore banking account in Italy or for other bank accounts. 

This is because the documents contain some kind of “address information”. In short, we can answer this question as “yes”. 

Digital financial services can enable you to open an offshore bank account in Italy without obtaining a residence permit. The Guardian Bank, which is used especially by crypto investors today, can be preferred for many international financial transactions, especially for opening an offshore account.

Benefits of Having an Offshore Account in ltaly

Opening an offshore account in Italy can be much more difficult than in other countries. On the other hand, international accounts opened within the borders of the country also offer various advantages to the depositors. 

“What is an offshore account?” In the part where we briefly answered the question, we talked about why investors prefer these accounts. In addition to the standard benefits such as tax advantage and holding foreign currency, perhaps the most important advantage of having an offshore banking account in Italy is the privacy of your account information. 

The country’s policy on money laundering ensures that your account here remains safe, supervised and soundly stable. 

With The Guardian Bank‘s offshore banking service, you can create a bank account from international countries such as Italy and start making transactions in your account in a short time without being exposed to unnecessary regulations.