Having an offshore bank account in Romania can have several advantages for investors seeking to diversify their portfolio globally. Through an online bank like Jetonbank, managing investments anywhere on the globe was never this simple.
Here in this article we’ll be discussing how to get started with an offshore bank account in Romania and investment options.
How Can I Start Investing with an Offshore Bank Account in Romania?
Step one is to create an offshore bank account in Romania. With Jetonbank, you can do it all online, from anywhere in the world. All you need are basic IDs and address records. Upon verification, you’ll be given banking information to get access to your new offshore account.
You can then start searching for potential investment strategies. The various asset classes in Romania include stocks, bonds, funds, property, etc.
One place to start is diversified mutual funds or exchange traded funds (ETFs) that offer exposure to the Romanian market. They allow you to benefit from the larger market gains with just one investment.
Or, for something a little more direct, you might look at individual Romanian or international companies with a business presence in Romania. You should research any company before you buy into them to know their business model, numbers, leadership and prospects.
The second investment vehicle in Romania is real estate. Both commercial and residential assets can potentially generate rents and appreciation.
But foreign property ownership does mean that you’ll need to hire a local property manager to manage your day-to-day affairs.
Whichever route you choose, an offshore bank account such as Jetonbank eases the investment process. You can withdraw money safely and invest directly from your account.
What Types of Investments Can I Make Using My Offshore Bank Account in Romania?
From an offshore bank account in Romania, you have a wide range of local and international investment opportunities:
- Stocks & Shares: Buy Romanian or foreign companies listed on the Bucharest Stock Exchange.
- Bonds: Buy government, municipal or corporate bonds in Romania or abroad.
- Investments: Purchase actively managed or index based Romanian (or more broadly emerging European) market oriented mutual funds.
- ETFs: Exchange traded funds offer a broad portfolio exposure to Romanian stocks, bonds, commodities and other asset classes.
- Real Estate: Purchase Romanian investment properties, either directly or with the help of real estate funds and REITs.
- Cryptocurrencies: Buy and sell popular cryptocurrencies such as Bitcoin at certified crypto exchanges.
- Online Peer-to-Peer Lending: Earn income by lending money to people and businesses via online platforms.
- Precious Metals: diversify gold, silver and precious metal holdings via an offshore bank.
An offshore account gives you access to literally any tradable security or asset anywhere in the world.
What Advantages Does an Offshore Bank Account Offer for Investments in Romania?
There are several primary advantages of having an offshore bank account for investments in Romania:
- Multinational exposure - By not limiting yourself to the Romanian economy, you can create a more diverse portfolio that is exposed to opportunities globally.
- Tax advantages - The capital gains income earned in some nations may not be taxed at all, or reduced to zero, via an offshore account.
- Political stability - Maintaining money in an offshore bank reduces exposure to political or economic instability in Romania.
- Asset protection - Offshore accounts offer greater creditor protection and privacy standards, which protects investment assets against lawsuits or other legal action.
- Currency protection - Having investments written in multiple currencies and having an easy exchange between them gives currency protection by default.
- Access online - The top offshore digital banks such as Jetonbank facilitate account management and investment execution from any device connected to the internet.
- Secure international payments - An offshore bank allows secure cross-border payments to finance investment, profit, and other transactional requirements.
An offshore bank account extends the advantages of international diversification for any investor seeking to put their money to work in Romania’s markets.
Can I Manage My Investments Online Through My Offshore Bank Account in Romania?
One of the main benefits of using an offshore digital bank such as Jetonbank is that you can handle all your finances and investments from a single platform.
Once you have your offshore bank account opened, you will be given your unique password that will allow you to access your account anytime, anywhere.
By accessing the online banking portal, you can conduct a variety of investment functions from any computer or smartphone. This includes:
- Identifying and filtering investment opportunities across the world markets.
- Placing orders for the purchase and sale of stocks, bonds, funds and other tradable securities.
- Automating recurring/repeat investing strategies with dollar cost averaging.
- Tracking your portfolio's performance from within it through its integrated stock quotes and market data.
- Reshaping or redistributing holdings based on need by selling.
- Depositing and remitting cash into your account or out of linked bank accounts.
- Opening up records, statements, and tax forms for accounting and reporting.
- Chat with the bank live chat support team for any queries.
So, be it a seasoned investor or a novice, Jetonbank makes it easy to manage everything, bringing the world market at your fingertips.
Can I Invest in Multiple Currencies Using My Offshore Bank Account in Romania?
Perhaps one of the most beneficial aspects of an offshore bank account is that you can hold, transfer and invest in a variety of global currencies.
That creates a world of cross-border potential far beyond any domestic market.
Jetonbank offers the ability to deposit into your offshore account Romanian Leu, US Dollars, Euros or in other foreign currencies. The bank then gives you multi-currency debit/credit cards for foreign purchases and withdrawals.
In addition, the web banking portal offers money conversion features. This allows you to easily swap between currencies when it comes to investing. For example:
- Buy Japanese Yen to buy Japanese stocks listed on the Nikkei exchange.
- Reinvest the profits from British Pound bonds in Euros to pay for a trip to Germany.
- Convert Brazilian Real from a property sale into US Dollars for your general account balances.
Having an appropriate mix of currencies automatically protects your portfolio from the actions of a single currency. And having access to a wide market beyond Romania opens up your world of earning opportunities.
Offshore bank multi-currency capability opens the door to truly international investment. It makes it easy to deposit money wherever the best risk-adjusted returns are available, in any currency.
Having an offshore Romanian bank account with a top-tier digital provider such as Jetonbank will enable investors to fully exploit Romania’s emerging markets.
The account makes it easy to research, trade, manage portfolios and keep track of – via a secure web interface.
Most importantly, it boosts the advantages of globalisation. Investors who invest in an offshore account have a globally optimized strategy, not just for their own domestic economy.
They also get some important tax, legal, and currency hedging advantages.
Whether you are a novice or an experienced professional, the bank account offshore opens your eyes to infinite opportunities to make money in Romania and all over the globe.
So if you’re looking to become rich by investing smart globally then check out Jetonbank.
