There is a well known misconception that only very rich people have offshore bank accounts. There is also a belief that there is something underhand and not totally legal about hiding money out of ones own country.This is also a myth.
By having an offshore bank account you can legally protect your assets from the money grabbing governments,creditors, ex spouses, lawyers and bankruptcy. You can also lower your taxes. All these things are totally legal.
You don’t need a huge amount of money to open an account offshore, in fact the initial amount is considerably lower than in the onshore locations. For a businessman, this is perhaps the only way of establishing a foreign commercial bank, since other possibilities are difficult to accept owing to the demand for high capital etc.
Also, as a customer of an offshore bank you stand to earn higher rates of interest. You can also perform all your banking transactions straight from the comfort of your own home and PC.
By subscribing to an offshore bank account you could be able to reduce or eliminate income plus inheritance and other kinds of taxes by living in another country. This is just part of the benefits.…Read more →