Advice on Offshore Accounts!
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hurley
Apprentice
Joined: 15 Apr 2005
Posts: 2
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 Posted: 08/06/08 - 04:04 Post subject: |
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| I would like to open an offshore account so I can relocate and diversify financial affairs of my company. I wonder how to open that kind of an account so if anyone has any advice it would be nice to share with me. Are those offshores beneficial? What are general advantages and am I guaranteed absolute privacy from an offshore bank? |
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man
Apprentice
Joined: 02 Feb 2006
Posts: 5
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| Posted: 09/05/08 - 02:30 Post subject: |
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| Having an offshore account is heaven for taxes and presents an account that is held at the bank outside your residence or residence of your company. Anyone is free to open account like this. Lower taxation burdens, better interest returns, asset protection and privacy are just a few of many advantages of running an offshore account. Some countries (UK and USA) request declaration of non residential incomes but there are lots of countries that do not apply such restrictive politics. There is no obstacle why not to open an offshore account since they can be held both by individuals and organizations. |
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