Offshore Business Bank Account
An offshore business bank account also dubbed as “international business bank account” is a bank account that is established outside the area of domicile of the account holder.
An offshore business bank account can benefit businesses in a variety of ways. Some of these include the convenience for international businesses to manage their financial transactions with suppliers and customers, the convenience of currency conversions and time management in making their operations an efficient and competitive one.
Some of these options include corporate accounts, escrow accounts, multi-
Gaming, Lotteries and Casinos
Adult Entertainment and Pornography
Tobacco, Alcohol and Firearms
It has never been easier to open an offshore business bank account. Simply visit the homepage of this website and click on the link for the type of account you’d like to apply for. These documents include: Merchant Questionnaire, references and company identification papers.
Tax havens aren't entirely a financial Wild West. Over the years, they've brought in measures in response to concerns about money laundering (though those rules are often easily circumvented). In many jurisdictions, someone setting up an offshore corporation or account must provide a reference letter from their bank at home. Sometimes called a "letter of good standing," it's a document that typically confirms that a person has satisfactorily had an account for a number of years.
In most of the cases, offshore banking is the best instrument to protect assets and wealth. This will efficiently aid financial business and personal planning as well as restructuring to extend privacy and tax efficiency. We recommend clients obtain independent tax advice to ensure the regulations of the client's home country allow offshore banking. We are aware that some countries allow offshore International Business Company (IBC) offshore accounts for their nationals and restrict personal offshore banking. Much will, of course, depend on the regulations of where you are tax domicile. .
Ever since the EU Savings Tax Directive came into force back in 2005 a personal offshore bank account is pretty useless, and possible dangerous, for many people.
Is today a personal offshore bank account the secure way to protect your wealth?
Or is there a more secure solution available?
So, what’s safer than a PERSONAL offshore bank account?
Answer: A CORPORATE offshore bank account:
Let us explain this: The person requiring the account can not only distance themselves from ownership of the account through the use of an offshore company, (which is a different legal entity than yourself), but because the EU Savings Tax Directive’s policies of information sharing and/or the application of withholding tax on an account do not apply to business offshore bank accounts.