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In: Going Offshore, Offshore Banking

If you are an expatriate, chances are you would have set up a local bank account in your current country of residence, and that you conduct your current financial transactions from this bank account. In most countries, banking services now include internet banking which has become the best means of accessing your account, paying your bills, making investments and gaining access to a host of other financial services from the comfort of your home. Tips about internet banking security If internet banking is new to you, there are some very important tips that you may find useful to also ensureRead More →

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In: Bahamas, Going Offshore

There are many little island nations that have established financial services and international offshore banking platforms. These cater not only to corporations but also to private individuals who are interested in banking offshore. One of the key benefits of using such banking facilities is that the tax structures are great and there is easy flow of foreign currencies. Bahamas as an offshore banking destination Bahamas has acquired a good reputation for providing offshore banking services. Although not a new player in this industry, the Bahamian government has spent the last decade restructuring its banking and financial services sector to beRead More →

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In: Asset Protection, Going Offshore

Is going offshore the best investment plan to help protect an investor’s assets from the creditors or litigants? The answer may seem easy, but it is not. This is because it actually depends on specific case circumstances. However, to get a clear understanding of this matter, you need to consult a qualified and an experienced offshore asset protection specialist. What do you need to consider before making a decision as to whether to move your assets offshore? Below are some key factors to help you decide. The type of your asset: Offshore plans are mostly suitable for protecting your liquidRead More →

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In: Going Offshore, Tax Reduction

One common question is: is it really possible for people who invest offshore to save on tax? Otherwise, why else do the politicians, celebrities, and pop stars have offshore investing structures in place so as to protect their assets? The facts are that these people are basically protecting their assets from litigations. They are looking after their finances and ensuring that they don’t overpay their tax obligation. Actually, you are under no obligation whatsoever to overpay your tax bill. Now before getting into how you can save on tax by going offshore, there are a few important factors to bearRead More →