Offshore Banking Countries
Discover best countries
for doing your offshore banking
When one thinks of offshore banking, perhaps the first thing that
comes to mind is the idea of shadowy dealings, suitcases filled with cash, secret meetings, underworld
figures, etc. But this erroneous view is largely influenced by Hollywood movies, journalist stories and sometime
even news items. Not that these things sometime don't happen in real life. However, the media often potrays
only that which is extreme, scandalous, and controversial, while ignoring the normal, which is what mostly
happens in life.
| Offshore Banking and
5 Benefits of Antigua Passport
If you travel often for business, or even have an offshore business, no doubt
you will be looking to make your journeys hassle-free. Having a second passport gives you more
choices and options, especially when it comes to diversifying your business interests. Here are
five benefits of having Antigua and Barbuda passport, which offers exceptional benefits.
Costa Rica Offshore
considering to set up an offshore structure or corporation, then you will want to read this article
outlining some basic points about Costa Rica offshore corporation. Find out why you will need an
offshore corporation, what you will need to set up such in Costa Rica, and the
many advantages such a corporation offers in Costa Rica.
Dubai Offshore Banking
There are number of reasons why doing your offshore banking in Dubai is an
attractive option. It offers high confidentiality, flexibility, no tax approach, and it's very
conducive for offshore banking business. Perhaps one of potential disadvantages for many
prospective clients is that Dubai banks cater mostly for the high
Offshore Outsourcing Tips
Startup business founders can access cheap
engineering services offshore to test their early stage ideas. However, many start up projects fail
due to various reasons. We examine six ways that can improve the success rate for your offshore
projects. If you follow these suggestions, you will reduce the chance of your project
Stress Factors of Expatriates
Packing up and moving to a country of your dreams, be it for personal or
professional reasons, can be an exciting adventure. But you also have to be prepared for the stress
of adapting to your new life, new culture and new people. This is usually short-lived, but if you
follow some useful tips, adjusting to your new country will be much easier.
In reality, the majority of offshore banking happens every
day in many different countries and jurisdictions, that is legitimate 'business as usual' for thousands of
domestic and international companies and wealthy individuals. Indeed, offshore banking is what makes much of
business and financial world move around - an innevitable part of the international trade.
It's not illegal to open an offshore bank account, as many people
wrongly believe it. The importance of opening an account offshore, when done correctly and legally, is that it's
often safer when compared to domestic banking. Most of overseas banks offer privacy and security guarantees, making
your assets better protected. You are less exposed to potential lawsuits, unfriendly creditors, and opportunistic
Another benefit of opening an offshore bank account is that many
offshore banks will offer you higher interest rates on your savings or operating capital, when compared to your
In the USA and most of the European banks, the government is in
control of your assets thus they can freeze your assets and bank account when it suits them. Often this is done for
political reasons, rather than criminal prosecution. It becomes therefore important to look for friendly
jurisdictions where you can legally expatriate some of your money and assets, to ensure better protection for you
and your loved ones.
Best Offshore Banking
Offshore banking countries differ in their performance. Some of the
countries are better than others. The following are some of the best countries that offer offshore banking
services. If you need to open an account offshore, these are the countries that you should consider.
This country has a premium banking sector. They offer services to
local, expatriate and the offshore clients. In order for you to open an account in this country, you need to be
aware of the minimum balance required in each bank, which can be high. Secondly, you are required to produce your
passport, address that proves your identity, credit card and a bank card from your home country. More information
about Dubai Offshore Banking
One of the fastest growing economies in the world is Singapore
economy. This country will protect your money. Singapore also has one of the lowest tax rates. To open an account,
you are required to have a passport, recent utility bill and residential permit for setting up of an
|Perhaps the most famous country
for banking offshore, Switzerland still offers
great offshore services for those in the know.
(Image by Pixabay.com)
The Swiss banks have policies that are very strict. The laws of the
country prevent the bankers from assessing the accounts of other customers. To open an account in Switzerland you
are required to produce the usual: current passport, recent utility bill to verify your current address, how you
plan to use your Swiss account, the purpose for setting up the account, etc.
There are other countries that offer offshore banking services. We
will bring you more details and more information about each of these jurisdictions in a near future.