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.