What's the point of having offshore corp. and bank acc. if we...?

mijicegi

New Member
What's the point of having offshore corp. and bank acc. if we cash out via debit card or to our local bank accounts in our country??

sorry for noob question.
 

darkster

Trusted Member
Business Angel
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Commercial Service
This is the same question you are going to ask just in two threads. I don't think @Admin is going to like that!
 

Samuel Newman

Offshore Desk expert
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1) personal accounts have small limits
2) you can't get advantages of international tax planning without using companies, all your income is your personal income and will be taxable in your country of residence
 

nav

New Member
I am also a noob But I can think of a few

1). Legal Tax avoidance.
2). Added confidentiality.
3). Can do business which otherwise is not allowed in your country e.g Crypto etc.
4). In case your country goes Bankrupt like Greece or is in financial crisis you money will be safe in another country.
 

darkster

Trusted Member
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Some are in need for business anonymity and not tax anonymity. For such people a offshore company and banking is the right solution.
 

blueweb

Corporate Services
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Some people use such setups to acquire other businesses or to cover their real business not just to evade taxes!
 
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