Turner Little - Company Formation Agents
Offshore Bank Accounts
Utopia - P2P ecosystem and payments
DLS Dubai - Company Formation & Bank Account

Offshore Bank Account, Can it be Opened without any legal Formalities?

Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more
CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.

axelnobel

Offshore Agent
Offshore Bank Account


Banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organizations for decades.Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays.There are so many offshore banking providers offering a wide variety of account type and they are located in low to no tax jurisdictions worldwide so how do you choose which country to bank in? Again, depending on an account holder’s personal circumstances certain offshore jurisdictions will present themselves as being more favorable.


So, think carefully about exactly why it is you need an offshore bank account and what are the features of that account that are essential to you. Do not be tempted to add to this list any unnecessary complexity.
 

mneilson

Corporate Services
Business Angel
An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction or tax haven that provides financial and legal advantages. So to open an offshore Bank account you need to take prior approval from the country’ Central Bank (RBI in case of India) and Government. It would be illegal if you open an offshore Bank Account without taking prior approval from your own Government which is not required in case of normal Bank Account.
 
Last edited by a moderator:

frankslade

Offshore Agent
So, an offshore bank is a tax haven as its in another country. Swiss bank is a good and infamous example then i guess. Correct me if i am wrong, i have heard billions of dollars are there in Swiss bank and the bank accounts are numbered and no other country has jurisdiction on it?


Frank Slade
 
Offshore Bank Accounts
Offshore Bank Accounts
banner-768x909d6f12840c2c058f.gif
Utopia - P2P ecosystem and payments
Top