They will contact their banker and speak with him about the requirements that are needed from you. The bank sends you a written list. You fulfill the requirements to establish the account.
When you arrive at the foreign bank, the banker will demand the EXACT same identification that previously you sent copies of. So if your drivers license is about to expire, renew it before you send a copy to the new bank. He may ask that your relative or associate sign a statement identifying you as being who you say you are.
Resume living off shore with your local account.
I suggest that you only send $5k to initiate the account. When you have established your identification with the new bank, then have your banker forward the remaining amount from your US account. Pre-arrangements are needed before you leave the US to accomplish this.
Notify your CPA that you are doing this so he can have the necessary tax forms on file.
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That's the legal way of doing this. For the tax free methods contact Pedro, the Pharmacist, Ronnie, The Man, Sweet Louise or your state senator for further information.
:)
But be aware that south of the border, El Presidente might freeze your dollar accounts or convert them to devaluing pesos at any time. THis happened in Argentina in 2001, and millions who had their savings in dollar accounts were wiped out.
I’d suggest gold, but that’s me.