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Offshore Company Formation and Management Services

Are offshore bank accounts legal?

vitomerchant

Offshore Agent
I also had the wrong idea about offahore banking. I thought this type of banking is one kind of money laundering!! How wrong i was than. Thanks admin:)
That's what most think when you say offshore account. No one actually think.. ahhh... protection of my funds!
 

BelizeFinancial

Corporate Services
Business Angel
They are legal no doubt. If you are not sure if it is then don't open an account you will lose it! Only open corporate accounts while we are on this question!
 

happyjohn

Corporate Services
Mentor Group Gold
Business Angel
Entrepreneur
All governments including the OECD want us to believe that it is illegal to hold an offshore account but that's not the case! You are in your good right to open an offshore account if you want that.
 

BelizeFinancial

Corporate Services
Business Angel
All governments including the OECD want us to believe that it is illegal to hold an offshore account but that's not the case! You are in your good right to open an offshore account if you want that.
You just don't forget to report it to your tax office. Otherwise it may be illegal in your country!
 

JohnSeed

Corporate Services
BANNED MEMBER
Bank accounts are legal to maintain and open. The problem today is that you need a sophisticated setup to avoid any reporting!
 

suzy

Corporate Services
Mentor Group Gold
Business Angel
it has never been illegal to hold an offshore account what people did wrong, was that they didn't reported the account to the tax office! That means fines, and even prison if the amount you cheated them for is high enough ;)
 

utibi

New member
it has never been illegal to hold an offshore account what people did wrong, was that they didn't reported the account to the tax office! That means fines, and even prison if the amount you cheated them for is high enough ;)
What would you say digital currenct provider is? legal or not?
 

dirtyharry

Mentor Group Gold
What would you say digital currenct provider is? legal or not?
They are legal as long as they report all your crap to the authorities!

All offshore banks seem to get more legal now they agreed to exchange information with the local authorities worldwide.
 

lostguy

Active Member
They are legal as long as they report all your crap to the authorities!

All offshore banks seem to get more legal now they agreed to exchange information with the local authorities worldwide.
What are the alternatives if you know please share?
 

utibi

New member
They are legal as long as they report all your crap to the authorities!

All offshore banks seem to get more legal now they agreed to exchange information with the local authorities worldwide.
Thank you. So we will be safe using worldcore and LeuPay right?
 

bulmabulma

New member
so if you are from US and open an offshore bank account in another country, you paying taxes for US or for the country where the bank and your business is? Let's say US taxes are 30% and in Seychelles it's 20%, so if you have bank account and business in Seuchelles, you paying 30% or 20% taxes?

Is opening offshore account have advantages in taxes?
 

L0rdCROISSANT

New member
money is starting to become scarce in many countries so their focus is to do everything possible to INDIVIDUALS to ensure the money stays pain¤#"!
 
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