Recent content by Lumber Joe

Check out this article: Offshore Banking Centers – Andorra, Lichtenstein and Switzerland Relax Bank Secrecy

I had very good experience with Seychelles.

However the degree of secrecy also varies from one offshore banking center to another.

Obviously the answer is that you are exempted from all taxes.

In that sense offshore business is highly secure. Governments of offshore banking centers work hard on establishing good image of their country. They would never risk to expropriate anything.

Interesting, I also have not heard anything bad about etrade...

What do you mean under safety? Risk of expropriation from the government or what?

I mean just Google this combination and you will find the article.

I would recommend you Jersey corporation and Guernsey account. Unfortunately I can not provide the link to the article discussing benefits of such combination, but I am pretty sure you can figure out them yourself.

You are right that many people register offshore companies and offshore accounts without any real need. Some even consider it prestigious. :)

The basic benefits are secrecy and tax advantage.

It really does not matter you registered a company in offshore area or onshore area. The effect of crisis comes from the activities you your company does.

BTW I have never tried Panama accounts myself. What I have tried is Jersey HSBC account that is really convenient. I cannot say anything about bank secrecy, because it was never an issue for me.

Panama is one of the strongest in this aspect.

Unfortunately I can not provide a link, because forum rules do not allow.