Despite what you may hear, offshore incorporations and offshore banking are completely legal. It is snot just about the tax evasion or other illegal activities. Setting up an offshore bank account is simply about legally diversifying your political risk by putting your hard-earned savings in sound and well-capitalized institutions or banks that offer safety and flexibility with your business dealings.
It is a no secret that it is becoming harder to set up an offshore bank account. Sooner or later, it could be impossible. Even if you don’t have any plan to use the account immediately, this is a strong incentive to act sooner rather than later. Offshore incorporation is a prudent step which makes sense no matter what.
Why you need an offshore bank account today?
An offshore bank account is similar to your home bank account. An offshore bank account is simply a bank account that you have in a country out of your residence. It has a wide range of benefits such as
- Dilute Your Political Risk- Today; the biggest threat to your savings isn’t the market risk. It’s your own government.
- Asset protection- An offshore bank account also protects you from your home government agencies that are armed with the power to freeze your assets in special situations.
- Currency Diversification- Holding foreign currencies is a great way to diversify your portfolio risk, protect your purchasing power, and internationalize some of your savings.
- Confidential banking- hold your assets in privacy.
- International trading-Allow yourself more great freedom and flexibility with your international business
In conclusion, look for a reliable merchant account service provider to set up your offshore bank account today and avail its many benefits.
To know more visit: http://confidentialbanking.com/
High-risk credit card processing refers to merchant accounts that the financial institutions and bank prefer not to do business with. It can relate to poor credit on the part of the merchant or it can be attributed to different business areas for which the financial institutions do not want to participate with.
There is no standard set for rating a business or a company at high risk. Each individual processor has their own way of considering the term “risk” for various types of businesses. Businesses with poor credit may be turned down by one institution, though they can be welcomed by another financial institution. Another good reason why a merchant could be turned away is that of increased risk of fraudulent charges. Good examples of businesses that are high-risk credit card processing firms include nutraceutical sites, dating sites, credit repair, multi-level marketing and mortgage modifications.
High-risk credit card processing can seem like a great obstacle in your business venture. But there are professional companies that can help you get started. There are many companies that help businesses who are at increased risk. They have a team of professionals who have vast knowledge and experience in this field. So you can get the necessary help required for your business venture.
Today, there are many options available when it comes to choosing merchant processing service. There are lots of ways to accept card payments and to connect to the payment ecosystem. And there are many service providers that can assist connect your business to it to run credit card payments. But remember, all merchant processing services are not created equal. You need to be careful while choosing anyone of them.
You should consider industry experience while choosing merchant processing service. You should find out whether the merchant processing service providers have a proven track record in the payment processing industry or not. You can check the reviews from the neutral third party sources as well as the current clients. They will provide you the honest feedback.
When it comes to choosing merchant processing service, it is sensible to choose a provider that has experience in your business domain. For example, if you are planning to set up an offshore merchant account, look for a partner that can provide you offshore merchant account services. If they have experience of your industry, they can act as your consultant on how the new payment solutions can help you nurture your business.
At the same time, your merchant processing service provider should be equipped to provide you support and service whenever you need, for example, when a system changes or at any other point.
If you’re planning a business and considering selling your products or services online, then you will need a merchant account. A merchant account is a must to accept payments through online transactions. Now, while you explore the available options, consider opening an offshore merchant account. It can established with a foreign bank. Just like your home bank accounts, offshore accounts can offer considerable advantages. However, please note that there are a few offshore banks which might require establishing an offshore company and/or opening offshore bank accounts before establishing your offshore credit card processing.
- Offshore accounts enable you to accept multiple currencies. You can receive payments from almost any part of the world
- If you are a host of high risk business then considering offshore accounts will help you have less trading restrictions
- With offshore banksyou can have numerous transactions as these banks do not put a cap on how many transactions you can process in a month
- All major credit and debit cards are accepted
- Receive payments and do transactions 24×7
- Get access to multi-currency processing
- Higher Chargebacks allowed
Generally, anyone can open an offshore bank account. Depending upon the jurisdiction, with just a few documents you can open an offshore account within a day. You just need to have a good research to choose the bank that fits your specific needs.
Lastly, working with a reliable merchant account provider enables your business to deliver latest and outstanding services to your customers and provides numerous opportunities for your business to excel
When it comes to choosing offshore merchant solutions, it is extremely important to choose a service provider that offer a wide array of service in the offshore merchant processing arena. These solutions are perfect for a lot of high-risk businesses. They have fewer trading restrictions, higher chargeback fresh holds, and no processing cap. And most importantly, they are much more likely to approve applications from merchants in high-risk industries. The most common industries that can opt for offshore merchant solutions include dating websites, adult entertainment, online gambling, online pharmacy, debt management, credit repair, MMJ, loan brokerages and more.
The offshore merchant solutions are an excellent solution for taking your business to the next level. You consider if you have been denied of merchant solutions repeatedly in your domestic country. With the help of these services, you will be able to accept payments in different currencies. This is a great advantage for a business that is focused on making a niche in the global market.
You need be in a hurry when you are choosing offshore merchant solutions. It is better to spend some quality time in an online research to locate a professional service provider to help you with result-driven offshore merchant solutions.
For more info visit: http://confidentialbanking.com/
The term offshore is in the regularly in the news these days. Investors and businesses in large numbers have been setting up offshore corporate accounts and bank accounts in offshore jurisdictions for many years. One of the core terms used in offshore industry is IBC. IBC stands for the International Business Corporation. These companies are 100% tax exempt in the jurisdiction of incorporation.
An offshore IBC service offers a number of features and advantages and that make it ideally suited for a number of uses. It is quite easy and quick to open and relatively inexpensive to operate. There is no need of preparing and filing annual financial statements. The companies set up in offshore jurisdictions provide enhanced privacy as no public records of directors and shareholders are required. The directors and shareholders can hold meetings anywhere globally. Many businesses are interested in offshore IBC services as there are no currency restrictions in respect to trading, assets, bank accounts and accounting reference. An IBC can be opened for running a consulting company, professional service company, overseas property holding company, offshore investment company and many other types of companies.
The most important thing to note with offshore IBC service is that you cannot carry business transactions with individuals living in the jurisdiction of IBC formation.
Many companies and individuals choose to establish their highrisk merchant accounts in offshore jurisdictions. One of the major reasons for this is the potential tax benefits. And this trend is increasing at a great speed. Mainly, merchants with poor credit history or with a business type with high potential for fraud or customer charge backs hire offshore merchant solutions to open offshore merchant accounts. Obtaining an offshore high risk merchant account is easy. Offshore acquirers are less limiting and have a more bendy approach to the kinds of goods and services for which they process payments.
Opening onshore high risk ACH merchant accounts also provide great benefits. But you need to be little careful while opening them. Read the merchant account contract or agreement before signing anything. Check reputation and credibility of the merchant solution provider. Make sure to research well to look out for complaints of fraud, deception or anything that seem to point that processor is not reputable.
Using offshore merchant accounts are a perfectly legitimate way of doing business. But you need to choose trusted offshore merchant solutions, look carefully at the costs and the terms and policies before signing anything in black and white.
For more info: www.confidentialbanking.com/
Merchant accounts are getting more popular than ever because many online retailers and ecommerce businesses help customers pay for the goods and services online. One of the main reasons why companies and individuals choose to open merchant accounts in offshore jurisdictions is to take benefit of the jurisdiction’s stable economy and bespoke taxation regimes. However, these are not only the reasons why merchant accounts in offshore jurisdictions are useful. It is always recommended to seek the guidance of a professional having a good knowledge of high-risk merchant accounts and other types of offshore merchant accounts to gain a comprehensive understanding of these accounts, its benefits and uses for your company.
By offering merchant accounts in different jurisdictions, you can target global markets. At the same time, these accounts will also help you demonstrate to your clients that your business network is solid and expanding. It has been found that many foreign jurisdictions have competitive rates and low taxation. This is one of the most important features of opening merchant account in offshore destination. These accounts allow your company to accept debit and credit card payments over the Internet in a secure, safe and convenient manner.
Setting up of merchant accounts in offshore jurisdictions is an important part of a successful business strategy. These accounts mitigate risk, reduce expense and protect the continuity of payment processing. These accounts will work for just about anyone who processes credit card transactions. It will help you in globalizing your business and reduce your taxes legally.
Many businesses are seeking the help of consultants to help them set up merchant accounts in offshore jurisdictions. They are choosing to set up these accounts as they help them protect their income. On one side where there is difficulty in getting a domestic merchant account due to factors like credit history, type of business you are running, funding and more, merchant accounts in the offshore destination will allow you to earn good returns and expand your business globally.
Although setting up high risk merchant accounts in the offshore jurisdiction is not that difficult but you will definitely gain by hiring services of a consultant. The consultant will help you, from start to finish. They will offer you consultancy to take your business to the next level.
Get started now! Take help of online resources to search a consultant that will help you through the entire process of opening merchant accounts in offshore jurisdictions.
The main attractions and benefits of IBC formation have catapulted the number of investors investing in offshore locations. Today the investors are attracted because of the lucrative financial benefits like currency diversification, asset protection, better wealth management and enhanced privacy protection. The offshore jurisdictions provide two types of business, one is IBC and other is LLC. Opening any of these companies can be a daunting task. So taking the assistance of an offshore IBC service can be a great help.
IBC is an acronym for International Business Company or International Business Corporation. It is a specific form of offshore company. The features of an IBC differ by jurisdiction but they generally consist of exemption from local corporate taxation, protection of the confidentiality of the IBC owner, flexible administration arrangements and more. When you hire a consultant for offering offshore IBC service, you will come to know in further details all the benefits of opening an IBC.
An IBC consultant will help you right from the start to finish. You will be assured the process of your IBC formation will take place in a modernized way. There are few rules to follow while opening an IBC. They will look into every aspect to make the process easy, simple and quick. You will get all the support you need from them. They will also help you if you want any information related to high risk merchant accounts.
Read more at : http://www.confidentialbanking.com