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Offshore Bank Account - Maximum Security and Privacy

JohnLocke

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It is the latest trend in doing business that most of the companies as well as individuals now prefer to setup business operations outside of their country of origin. There are many advantages of setting up your business at an offshore location. If you are conscious and have a close eye on the world economies, you will find that most of them are stagnant and there is no growth. If you want to earn money, you also need to look for transferring your business to an offshore location, like Panama, Hong Kong, UAE and many more.


By shifting your business to an offshore location, you can save on your company overheads, enjoy great savings in your taxes, and enjoy access to many new markets. If you are serious about moving your business to an offshore location, the first thing that you need to do is to create an offshore bank account.


Individuals who are close to their retiring age and want to enjoy tax-free returns on their savings also prefer to move their bank accounts to an offshore location. For this purpose, they are need to first open an offshore bank account. The process of opening up an offshore bank account in an offshore location of your choice is very easy and simple. All you need to do is to fill out a simple form and provide your identity. Once the account is opened, you can easily move all your money to the new account and enjoy various benefits of opening an offshore bank account.


One of the greatest benefits is the low tax or zero tax returns on your savings. You can enjoy these great savings to take your family out for a nice vacation. The other advantage is that you enjoy maximum security and privacy.
 
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Panama and Hong Kong doesn't work any longer (2016) for this purpose. You need to find alternative banks in alternative offshore jurisdiction i.e. Cook Islands, Mauritius and Cyprus!