Many people think that setting up an offshore bank account is a long and drawn out process. In all actuality, it is relatively simple to set up one of these bank accounts in a variety of jurisdictions. There is just three major things that one needs to do in order to set up such an account. The first step is setting up an offshore company. By setting up an offshore company one can actually achieve a very high level of personal privacy as well is the tour those who would like to find out the real and true ownership of the account. In most cases, an offshore company can be established within 24 to 48 hours and some of the perks of setting up an offshore company include having bearer shares, nominee directors, as well as strict personal privacy and no taxation. Once the company has been set up, the next step will be to complete the bank account opening applications. Most often, these applications are relatively simple and ask for basic information concerning the company as well as the signatories on the account. In most cases, these application forms take anywhere from 30 minutes to an hour to complete depending on the bank as well as the involvement of individuals with the company. At this point, we have completed offshore company incorporation as well as we have applied for the offshore account. The last step would be to find the account once the approval has been given in the application has been accepted. This is relatively simple and involves just going down to your local bank or online money transfer service, and requesting a wire transfer in order to fund your newly opened offshore bank account. All in all it takes about 10 to 15 days in order to establish an offshore bank account with an offshore company that the average bank. As you can see, it is relatively simple as well as easy to set up an offshore account along with an offshore company incorporation for personal privacy and assets protection.