Offshore Bank Accounts
Offshore banking is simply using banking facilities in a jurisdiction other than one\'s own. Offshore bank accounts protect wealth and assets and help people conduct business in a confidential and pri...
Offshore banking is simply using banking facilities in a jurisdiction other than one\'s own. Offshore bank accounts protect wealth and assets and help people conduct business in a confidential and private manner.
Offshore bank accounts specialize in securing personal and corporate banking and financial resources. People can easily access their offshore bank account globally via the Internet, e-mail, fax, telephone, and the use of ATMs. Quick and easy transfers of funds can be made around the world by electronic transfer. Through an offshore bank account, one can manage all their banking needs from one point regardless of where they live.
An offshore bank account may also help someone minimize their taxes with the right degree of planning. Getting an offshore bank account is as easy as opening a local bank account. There are companies that specializes in setting up offshore bank accounts for a nominal fee.
Offshore bank accounts can be opened by courier post and it is not necessary to pay a personal visit to the location. Offshore banking can have tax saving benefits, i.e. interest on offshore accounts and investments is paid without the deduction of tax. One may also reduce their tax liability in their home country by transferring savings and investments to an offshore bank account. Offshore banking provide multi-currency accounts, full internet access, credit/debit cards, and ATMs that make funds rapidly available to the account holder from anywhere in the world.
International debit cards are useful to pay for goods and services globally and withdraw money from any ATM worldwide. People can view the balances and statements of their account, make bill payments, and transfer money to any bank globally. Opening an offshore bank account is the first step towards reclaiming one\'s personal and financial privacy. Offshore banking is completely legal under any law and having an offshore bank account is a wise decision for any businessman.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Bad Credit Bank Accounts provides detailed information on Bad Credit Bank Accounts, Bank Accounts, Bank Checking Accounts, Bank Savings Accounts and more. Bad Credit Bank Accounts is affiliated with Online Banks.