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/
Protecting your investment with an offshore bank account is an excellent idea if you want to form a corporation, save some money tax-free or invest in property. You have ample of choices if you want to set up an offshore bank account in a foreign country. While searching, you need to find one that offers you more than a jurisdiction with a wide range service such as of multi-currency bank accounts, online secure banking and offshore credit card access.
When you set up an offshore bank account, you have easy access to deposits, less restricted legal guidelines, security against local financial instability and low or no taxation. Offshore banking gives individuals and businesses access to politically and economically stable jurisdictions. Those residing in areas that are subject to a risk of potential turmoil with fear their assets would be seized or frozen can benefit from setting up an offshore bank account.
You may find opening an offshore bank account little bit cumbersome. But with the help of a professional financial education advisor, you can make this process easy and quick. They provide turnkey solutions and have established relations with many foreign banks. They will analyze your requirements, your business types and other details to provide you customized solutions.
Get started. Contact a professional financial education advisor today.
There are many myths related to offshore banking and one of the most famous is only related to high level of financial sophistications. However, the reality is just opposite. Today an average person too can set up an offshore bank account with just a few hours of work At the present time, the biggest hurdle is to choose the right offshore jurisdiction. Each offshore jurisdiction has its own requirements which you need to find out through your research and choose a jurisdiction specific to requirements. Once you decide on a jurisdiction, there are a few basic requirements which you need to fulfill.
The basic requirements of opening an offshore bank account are similar to opening a bank account in your home country. They will ask for your personal information and other details such as address proof, citizenship, and other related information. You may also need to submit a copy of your passport, driving license or any other relevant identification certificate to verify your personal information. Some offshore banks may also ask you to submit copies of your utility bills or other similar documents. On addition to this, due to a wide range of identification documents, some banks may ask for additional verification documents too. They can ask for financial reference documents from your current bank and ask for nature of transactions you wish to process through the account, you may also have to verify your investment income and provide sales contracts and other documents.
Apart from this, unlike domestic banks, offshore banks will also offer you an option to choose a currency to hold your account. Remember, it is very vital to choose a relevant currency and merchant processing services may also be an option if you wish to accept VISA/MC transactions in order to keep your business growing.
Read more at : http://www.confidentialbanking.com
An IBC is for anyone who wants to engage in international trade or investments. It is also for those who want to hold assets or want to set up an offshore bank account. Today many businesses are planning to set up an IBC in Belize for asset protection and confidentiality.
There are many reasons why you should think to set up a Belize IBC. It allows you to conduct business without using your name, avoid paying local taxes, protect your assets, and maintain your privacy because shareholders and directors are not registered at the registry in Belize. You will have banking systems available for your Belize IBC, hold accounts in any currency and own vessels under the IBC name. The best part is you can set up Belize IBC within 24 hours.
Setting up an IBC in Belize also comes with a few limitations. You cannot engage in any business in the name of your IBC, within Belize. You cannot own real estate in Belize or cannot allow locals to hold shares in an IBC unless it is in a nominee capacity.
You can set up Belize IBC with the help of a service provider that deals in the industry of offshore company formation, high risk merchant processing, IBC formations and offshore jurisdiction.
Panama is highly considered as one of the most respected and robust business hubs in the world. It has largest per capital income in Central America. The main elements that add to the development of this jurisdiction as an important commerce and financial center are its excellent banking system, advanced infrastructure, well-educated professionals, low levels of administration, and advanced telecommunication systems. It has the second largest banking system in the world giving a golden opportunity for global companies to set up an offshore bank account and company. This jurisdiction is highly sought-after among businesses that seek optimal tax planning and asset protection solutions.
It is a sensible step to set up a Panama IBC. For setting up an IBC here, you need a minimum of three directors. Nominee directors and shareholders are also allowed. It allows any person or a legal entity of any nationality to become a shareholder. The IBCs here require three officers for the position of president, treasurer, and secretary. An officer can hold more than one position but the president and the secretary should not be the same person. When you set up Panama IBC, there will be no foreign exchange controls or restrictions on the free movement of the currency. Also, there will be no need to submit annual accounts, records or audits. The directors and shareholders will get the flexibility to hold meetings anywhere in the world.
Looking at the features of setting up a Panama IBC, you will definitely think to know more about the process. Take help of a professional company that helps businesses in this process.
Read more at : www.confidentialbanking.com