When you are looking for ways to run an online business, take credit card payments and manage your money, an offshore merchant account is the best way to do so. Offshore merchant accounts offer an easy and reliable way to process low and high-risk businesses alike. Offshore merchant services such as credit card processing prove to be very beneficial if you have a high risk of chargeback.
Apart from this, offshore merchant accounts have numerous advantages. Offshore merchant solutions can include onshore e-checks bank transfers, credit card processing help you in increasing your consumer coverage and eventually, drive in more traffic for your business.
Also, being able to accept multiple currencies is a huge advantage while dealing with consumers from across the globe. This helps you in evolving your e-commerce business. Offshore merchant accounts set up in a particular jurisdiction that is targeted by your online business can prove to be exceptionally convenient.
Also, unlike domestic accounts, you have thousands of offshore banks available to choose according to your specific requirements. With thousands of worldwide offshore banks, you just need a thorough research and you are guaranteed to get the best deal that perfectly suits your requirements.
However, there are many people who think domestic merchant account are better but, on contrary to this, offshore merchant accounts integrate all the advantages of a domestic merchant account and being offshore they offer even more advantages. Offshore merchant accounts are practical and easy to acquire and are also great in terms of availability which is making them quite popular anda perfect choice for a new and experienced merchant alike.
These days online shopping is considered the most convenient way to buy products and services. And if you are an online business that poses the high risk, then a high risk merchant account is right for you. According to experts operating in the market of offshore merchant accounts, it is the best procedure to take a high risk business to the next level.
In the business world, there are many businesses that are considered risky. High risk processors will provide you solutions for your high risk business as they have vast knowledge and experience pertaining to offshore credit card processing. These service providers have the policy to target high risk businesses with an offshore bank that accept a wide array of different high risk merchants.
An approval for opening a high risk merchant account solely depends upon the policy. If the guidelines are strict, you may have trouble getting approved with processing history. Have all required KYC, processing history and a good update to date professional website is a must.
The fees for high risk accounts are higher than other standard merchant accounts. For example – if you are paying an anticipated card processing fee of around 1.5% to 2.5% for a standard account, you might expect to pay around 5% to 12 % as a high risk merchant.
If you are planning to set up merchant accounts in an offshore jurisdiction, its right time to get in touch with an expert helping businesses in this process.
Many may think it is irrelevant toset up an offshore bank account. But the real situation is quite different because of many businesses, individuals indulge in offshore merchant processing and other offshore business transactions know the real benefits of offshore banking.
According to many, the money in an offshore bank is not safe as it has global visibility. But remember when you set up an offshore bank account, all your personal details are kept confidential. The offshore bank is a separate legal entity subject to different laws and jurisdictions. In some jurisdictions, it is punishable to disclose any personal information of the investors, depositors or the clients.
Again it is a myth that physical appearance is necessary when you want to set up an offshore bank account. The clients do not have to be present in-person while opening a bank account in a foreign land. As a client, you just need to provide documents to prove your identity. Also, there is a myth that an offshore bank account needs heavy deposits. Not all banks require heavy deposits. Still, there are banks that are interested in regular middle-class customers with less initial deposit requirements.
Hope you found the above information. Contact an expert offshore merchant processingservice provider to help you open a bank account in an offshore jurisdiction.
Deciding where to incorporate an offshore corporation with a number of offshore jurisdiction and various company types can be really a tough decision. Each offshore jurisdiction along with its various company types carries a unique set of benefits and advantages. Setting up an offshore company needs an in-depth knowledge of several aspects such as jurisdictions, merchant processing services, types of a merchant account, etc.
An offshore company is a company registered outside one’s home country with the purpose of operating outside the country or to manage wealth and fund or asset protections. Like other businesses offshore businesses too may enter into contracts, open bank accounts, buy and sell products and services. A typical offshore company also known as an IBC (International Business Company) delivers you a number of benefits while practicing your business but also require carrying on business outside their home jurisdiction.
Now, here are some of the factors which can help you choose the best offshore jurisdiction depending on your business needs.
Currency control regulations
Types of company formation
Merchant processing services
Proximity to offshore banking
These are some of the most important aspects which need to be considered while setting up an offshore company. There are a number of jurisdictions which offer a wide range of offshore company formations with complete merchant processing services be it high risk or low risk. Each jurisdiction has its own set of benefits, banking laws, and advantages.
Lastly, the best way to move your business offshore would be to take assistance from an offshore service provider. A competent and trusted service provider will provide you complete knowledge and will also assist you throughout the entire process.
If you are looking for a legal protection of your assets and identity then no other jurisdiction would be the best choice other than Panama. Panama IBC can provide legal protection of assets and identity. It offers some of the strictest banking and financial secrecy laws available across the world. A Panama IBC is an ideal jurisdiction for merchants and businessman to operate an offshore corporation.
Panama IBC uses what we consider being some of the most solid banking and corporate bank secrecy laws around the world. If you are planning to set up an offshore company in an independent offshore jurisdiction then you must consider Panama offshore jurisdiction. Panama incorporation can be set up for international trades, to settle trusts or foundations, to hold ownership of real estate, intellectual property or to hold any other type of asset. It can be used by any individual from any part of the world interested in global asset protection, privacy, investment diversification, and affordability.
Tailor-made corporate kit with stock certificates, corporate seal and some other legal documents
Resident registered agent
Physical address for office
Nominee corporate services
General power of attorney
Original as well as certified English translated documents
Other necessary documents
Offshore jurisdiction Panama has absolutely no exchange control or currency restrictions. It is the host of world’s largest banking centers and offers a number of relaxed and flexible banking laws which make it easier to move funds in and out of Panama.
Why set up Panama IBC
Inexpensive annual support
No minimum paid capital required
No foreign exchange control
Anyone can become a shareholder
No time limit in which authorized capital must be fully paid
Panama offshore jurisdiction also offers one of the most useful asset protection and estate planning vehicle – the Panama Private Interest Foundation.
Setting up Panama Corporation is simple, quick and cost-effective and usually takes 4-6 days. With Panama Corporation, you can open an offshore bank account as well as brokerage account to trade stocks, bonds, commodities, and much more. You can give your Panama Corporation any name in any language along with a legal ending such as Incorporated, Corporation, Inc, etc.
The best option is to get assistance from an offshore service provider and have a complete in-depth knowledge and understanding about Panama offshore jurisdiction. These service providers can also help you in easy and hassle-free set up of your Panama IBC.
Offshore merchant accounts prove to be a great way when you are looking for options to manage your money and take credit card payments. These offshore merchant accounts offer you a reliable and secure way to process high-risk and low-risk merchant accounts alike with suitable offshore merchant account processing services.
Similar to traditional merchant accounts, these offshore merchant accounts are located outside one’s home country. The main motto of these accounts is to provide an easy, reliable and secure payment processing for high-risk and low-risk businesses. These merchant accounts are specially set up to hold funds raised through credit card and debit card processing. If your business is associated to web design/hosting, online dating, e-cigarettes, Forex trading, nutraceuticals, etc, then there is no alternative to offshore merchant accounts.
Now, if you are considering opening an offshore merchant account, then firstly, you should know in which category your business falls. Depending upon the chances of risks, offshore merchant accounts are widely classified into two categories – high-risk merchant account and low-risk merchant account. And, accordingly you are provided with the processing services i.e. high-risk merchant processing services or low-risk merchant services.
These risks are assessed by the service providers based on several aspects such as a type of business, credit history, business model, etc. However, obtaining offshore merchant account processing services can be considerably easier as offshore banks and jurisdictions have fewer restrictions and flexible banking laws.
On a closing note, the only thing you require is a complete understanding of merchant accounts, processing services, and jurisdictions.
The tremendous increase in the global foreign currency exchange markets has triggered the interests of traders and investors alike. With the ample currencies available and trade volumes touching trillions of dollars, forex market offers an easy way to take benefits of inherent leverage and volatility and make a recognizable return. Due to this many traders and investors have already started up opening forex accounts in various jurisdictions.
A forex account is basically an account that is used to hold and trade foreign currencies. This type of account is set up with a purpose of making the profit from fluctuations in currency values. Opening a forex account is very similar to opening a bank account. A minimum deposit and an ID are the prerequisites for setting up a forex account. The first step required in opening an offshore forex accountis selecting a broker, which can be easily accessed from numerous sites and companies providing assistance in setting up an offshore bank account or offshore formations. However, the fees and commissions, minimum balance required to operate the account, efficiencies of the service providers are some of the points to keep in mind while selecting the broker or consultant company. Along with this, the documentation required these days are also quite straightforward with minor variations depending upon the selected jurisdiction. It takes few days to open up the forex account and you also need to fill up a questionnaire about your intention due to financial regulations.
Forex leverage is a standard for most forex trading accounts. It delivers you to the ability to make trades on open forex market by using only a fraction of the actual trade amount. But it also has its upside and downside and needs to be handled very carefully. The upside of forex accounts or forex leverage is that you can make trades that are larger than the amount in your account and on the other hand you can also easily lose a large amount if you don’t trade carefully. So, forex trading is an interesting venture if not taken lightly. You need to manage and calculate your risks and check your emotions.
On a closing note, you should be very much careful while selecting a jurisdiction to set up an offshore bank accountand opening up an offshore forex account and while using the leverage. The main reason brokers offer forex leverage is because it increases the bottom line of brokers irrespective of win or loss of the trade. There is majority of traders who have failed just because of these facts and standards.
Forex trading is nothing but a way to quickly get rich if monitored effectively. So, take your time, trade at a slow and steady rate and taste the success.
The hardest part of setting up an offshore merchant account is to find the acquiring bank. It is very much difficult for a small business owner to find a bank that can handle all their credit card transactions and processing.
An offshore merchant account is similar to traditional merchant accounts but is set up with a bank outside your residential country. These offer varieties of payment processing options available to merchants whose business falls in high-risk categories. These offshore merchant accounts are perfect for high-risk industries including nutraceuticals, online dating, financial services, e-cigarettes and other such businesses.
There are a number of merchant account service providers who offer a wide range of real-time and powerful offshore credit card processing solutions to high-risk business merchants and traders. These services generally include setting up merchant accounts and acquiring favorable processing solutions through relevant acquiring banks. In addition to this, these also provide credit and debit card payment, e-commerce solutions, payment gateways, fraud protection, and many others to high-risk merchants. This enables online merchants to process in multiple currencies and supports several credit cards.
So choose a reliable and efficient merchant account service provider from the bunch of them available on the Internet today and increase your sales and boost up your profit with their services. Although, these offshore merchant account services are a better solution for businesses without any other viable option but these carry a fair amount of risk too with them. So ensure you have a complete depth of knowledge and understanding about offshore credit card processing services to make your business a success story.
With the increasing number of professionals and merchants opting for transient lifestyle the desire to invest in offshore is becoming increasingly popular. Offshore investments provide several advantages for expatriates working and living abroad and hence is becoming most common viable investment solution. The offshore investment accounts are the best solutions to match their international mobility and are also being considered as the best solution to retirement planning.
The key driver of the ever-growing popularity of offshore investment account is the need for flexibility, privacy and access to global markets.
Investors may have their investment scattered all around the world. They many lose tracks of their investments and are often presented with logistics issues when trying to gain access or manage the investment after leaving that particular jurisdiction. However, offshore investment accounts can help in solving and simplifying these issues. In addition to this, offshore investments today are considered best from international wealth management.
Offshore investments offer variety of benefits such as:
• High level of confidentiality and privacy of bank accounts and its details
• They allow you to manage your investment from anywhere across the world
• Offers higher returns
• Offers asset protection. Since your offshore investment account is protected by privacy laws, it helps in protecting your assets from being seized
One can choose from a number of offshore investment providers, toset up an offshore bank accountand use its various advantages. A number of service providers offer stable offshore trading accounts at with rates and terms. It is important to remember to have a complete understanding and knowledge of each service providers and offshore accounts provider to successfully utilize your capital investment.
The meaning of the word “offshore” in simplest form means situated abroad and in terms of the banking sector, it relates to banking in a different country or jurisdiction to your country of residence. Many business owners, corporate bodies, and individuals are showing more interest in offshore investment as it offers a host of benefits including increased protection of wealth to getting handsome tax benefits.
By establishing Offshore investment accounts, you can manage your money in a vast range of world currencies across the world. You can also get access to several types of financial investments and financial products that may not be available in your country. Along with these benefits, offshore investment accounts also help you protect your wealth in a smart way. Your wealth will be protected as you will be banking or putting your money in highly regulated safe and secure markets.
In a nutshell, we can say that offshore investment accounts are crafted to meet the financial needs of corporate bodies and private individuals. They perfectly make sense if you are concerned more about privacy, accessing investment opportunities globally and maximizing income from different investment schemes. These accounts are also a great help for those who are running online stores. This facility helps customers to make payments and direct collection and processing of payments through an offshore bank.
If you too are interested in offshore investment or opening offshore investment accounts, you should get in touch with a professional company that offers Merchant processing services and helps corporate bodies and individuals with opening offshore investment accounts.