How can I use the multi-currency account to invest in foreign real estate?
Buying a property overseas could be a cumbersome task without a bank account overseas. You need a bank account for proof of funds, initial deposit, final payment, maintenance fees, paying property taxes, and for the collection of rental income or sale proceeds. Without a local account, these transactions become inefficient and expensive, and even infeasible in many cases. The multi-currency account allows you to efficiently manage such transactions and reallocate excess capital to other investment opportunities.