Offshore Banking Countries
Discover best countries for offshore
When one thinks of offshore banking, perhaps the first thing that
comes to mind is the idea of shadowy dealings, suitcases filled with cash, secret meetings, underworld
figures, etc. But this erroneous view is largely influenced by Hollywood movies, journalist stories and sometime
even news items. Not that these things sometime don't happen in real life. However, the media often potrays
only that which is extreme, scandalous, and controversial, while ignoring the normal, which is what mostly
happens in life.
| Offshore Banking and
Costa Rica Offshore
considering to set up an offshore structure or corporation, then you will want to read this article
outlining some basic points about Costa Rica offshore corporation. Find out why you will need an
offshore corporation, what you will need to set up such in Costa Rica, and the
many advantages such a corporation offers in Costa Rica.
Dubai Offshore Banking
There are number of reasons why doing your offshore banking in Dubai is an
attractive option. It offers high confidentiality, flexibility, no tax approach, and it's very
conducive for offshore banking business. Perhaps one of potential disadvantages for many
prospective clients is that Dubai banks cater mostly for the high
Offshore Outsourcing Tips
Startup business founders can access cheap
engineering services offshore to test their early stage ideas. However, many start up projects fail
due to various reasons. We examine six ways that can improve the success rate for your offshore
projects. If you follow these suggestions, you will reduce the chance of your project
Stress Factors of Expatriates
Packing up and moving to a country of your dreams, be it for personal or
professional reasons, can be an exciting adventure. But you also have to be prepared for the stress
of adapting to your new life, new culture and new people. This is usually short-lived, but if you
follow some useful tips, adjusting to your new country will be much easier.
In reality, the majority of offshore banking happens every
day in many different countries and jurisdictions, that is legitimate 'business as usual' for thousands of
domestic and international companies and wealthy individuals. Indeed, offshore banking is what makes much of
business and financial world move around - an innevitable part of the international trade.
Offshore Bank Accounts
It's not illegal to open an offshore bank account, as many people wrongly believe it. The
importance of opening an account offshore, when done correctly and legally, is that it's often safer when compared
to domestic banking. Most of overseas banks offer privacy and security guarantees, making your assets better
protected. You are less exposed to potential lawsuits, unfriendly creditors, and opportunistic spouses.
Another benefit of opening an offshore bank account is that many offshore banks will offer you
higher interest rates on your savings or operating capital, when compared to your domestic banks.
In the USA and most of the European banks, the government is in control of your assets thus they
can freeze your assets and bank account when it suits them. Often this is done for political reasons, rather than
criminal prosecution. It becomes therefore important to look for friendly jurisdictions where you can legally
expatriate some of your money and assets, to ensure better protection for you and your loved ones.
Best Offshore Banking Countries
Offshore banking countries differ in their performance. Some of the countries are better than
others. The following are some of the best countries that offer offshore banking services. If you need to open an
account offshore, these are the countries that you should consider.
This country has a premium banking sector. They offer services to local, expatriate and the
offshore clients. In order for you to open an account in this country, you need to be aware of the minimum balance
required in each bank, which can be high. Secondly, you are required to produce your passport, address that proves
your identity, credit card and a bank card from your home country. More information about Dubai Offshore Banking here.
One of the fastest growing economies in the world is Singapore economy. This country will protect
your money. Singapore also has one of the lowest tax rates. To open an account, you are required to have a
passport, recent utility bill and residential permit for setting up of an account. More information about doing
offshore banking in Singapore coming soon...
|Perhaps the most famous country for banking offshore,
Switzerland still offers great offshore services
for those in the know. (Image by Pixabay.com)
The Swiss banks have policies that are very strict. The laws of the country prevent the bankers
from assessing the accounts of other customers. To open an account in Switzerland you are required to produce the
usual: current passport, recent utility bill to verify your current address, how you plan to use your Swiss
account, the purpose for setting up the account, etc. More information about Swiss offshore banking coming
There are other countries that offer offshore banking services. We will bring you more details and
more information about each of these jurisdictions in a near future.