If I was presented by a question like do you want to open an offshore bank account? I?d say yes and grasp the chance right away. I mean, it?s an offshore bank account. It has lots of services that better than the local banking system. Like anonymous account, wire transfer through the countries. Of course it will be costly, but I figure it will be really worth every penny.
Some Points to Remember
I?ve heard about offshore bank account many times. Well, I admit, my sources are mostly movies. And I guess they?re not pictured right. I mean, in those movies, it?s always the bad guy who has an offshore bank account. In the story, he?s extremely rich from drug smuggling or whatever. So he uses an offshore bank account to manage his wealth.
Wait up before you could have any weird idea. Do remember that using an offshore bank service is perfectly legal. Seriously, those bad guys are really smart for choosing an offshore bank account instead of using the local one. The upkeep cost isn?t a matter to them, because they value the service and secrecy more.
[video=youtube;6-TOqzPWfZ8]
What you see in the Video above is defiantly not what you should do, learn more on this forum before you proceed with the account opening anywhere!!
Well, aside of normal transaction like the ones done by local bank services. Offshore banking also offers extra amenities that pretty nifty for us. Things like anonymity for our account and the chance of having lower tax rate. It depends on the country you choose to have an offshore account though.
More Reasons on Why
Having an offshore bank account doesn?t mean you?re open to an accusation of money laundering. But it?s simply a swift idea to manage your wealth. In case you need to go abroad often. It?s really great to have an offshore bank account. You can access your account anywhere and anytime you want. Includes transfer to a bank account in another country.
In this time and age, online transfer is already a common thing. But compared to having an offshore bank account, an online account can be quite a hassle. Because you are still need to convert the currency in your bank account to the online currency and then convert it again when you?re doing the transfer. With an offshore account, you can cut the process and it?ll be just like normal transfer between banks. And yes, it?s more time efficient too. This is good if you have customer abroad and in need to do some transfers every once in a while. Or in times when you're still traveling but have some urgent business matter to attend. You don?t have to worry about getting the first return flight or do an international call to control your business at home.
The cost to start an offshore bank account is definitely high, as well as the upkeep cost. Even though the tax rate is almost invisible, but you sure need a lot of money before you can start one. Anyway, I heard that less than 1% of wealthy people in the world have an offshore bank account. So if you open one now, you?ll be in the same group as Bill Gates and co.
Some Points to Remember
I?ve heard about offshore bank account many times. Well, I admit, my sources are mostly movies. And I guess they?re not pictured right. I mean, in those movies, it?s always the bad guy who has an offshore bank account. In the story, he?s extremely rich from drug smuggling or whatever. So he uses an offshore bank account to manage his wealth.
Wait up before you could have any weird idea. Do remember that using an offshore bank service is perfectly legal. Seriously, those bad guys are really smart for choosing an offshore bank account instead of using the local one. The upkeep cost isn?t a matter to them, because they value the service and secrecy more.
[video=youtube;6-TOqzPWfZ8]
Well, aside of normal transaction like the ones done by local bank services. Offshore banking also offers extra amenities that pretty nifty for us. Things like anonymity for our account and the chance of having lower tax rate. It depends on the country you choose to have an offshore account though.
More Reasons on Why
Having an offshore bank account doesn?t mean you?re open to an accusation of money laundering. But it?s simply a swift idea to manage your wealth. In case you need to go abroad often. It?s really great to have an offshore bank account. You can access your account anywhere and anytime you want. Includes transfer to a bank account in another country.
In this time and age, online transfer is already a common thing. But compared to having an offshore bank account, an online account can be quite a hassle. Because you are still need to convert the currency in your bank account to the online currency and then convert it again when you?re doing the transfer. With an offshore account, you can cut the process and it?ll be just like normal transfer between banks. And yes, it?s more time efficient too. This is good if you have customer abroad and in need to do some transfers every once in a while. Or in times when you're still traveling but have some urgent business matter to attend. You don?t have to worry about getting the first return flight or do an international call to control your business at home.
The cost to start an offshore bank account is definitely high, as well as the upkeep cost. Even though the tax rate is almost invisible, but you sure need a lot of money before you can start one. Anyway, I heard that less than 1% of wealthy people in the world have an offshore bank account. So if you open one now, you?ll be in the same group as Bill Gates and co.
