About Australia
Australia has an enviable Western-style capitalist economy, with a per capita GDP on par with the four dominant West European economies. Australia's offshore banking sector is well established and offers competetive services. Rising output in the domestic economy, robust business and consumer confidence, and rising exports of raw materials and agricultural products are fueling the economy.
If you have $300,000 or more that you wish to protect click here for a free Australian Private Banking consultation. Our private bankers will advise you on the best way to secure your assets.
For a consultation about other offshore services in Australia please click here.
A question which often arises is whether to place excess cash in Australian or offshore term deposits. There isn't a simple answer because the situation is dynamic and you need to review your situation regularly. However, it is wrong to simply presume that offshore deposits offer better terms simply because they avoid the payment of the 10% withholding tax (WHT) applicable to interest earned in Australian by non-residents.
Australia has an enviable Western-style capitalist economy, with a per capita GDP on par with the four dominant West European economies. Australia's offshore banking sector is well established and offers competetive services. Rising output in the domestic economy, robust business and consumer confidence, and rising exports of raw materials and agricultural products are fueling the economy.
If you have $300,000 or more that you wish to protect click here for a free Australian Private Banking consultation. Our private bankers will advise you on the best way to secure your assets.
For a consultation about other offshore services in Australia please click here.
A question which often arises is whether to place excess cash in Australian or offshore term deposits. There isn't a simple answer because the situation is dynamic and you need to review your situation regularly. However, it is wrong to simply presume that offshore deposits offer better terms simply because they avoid the payment of the 10% withholding tax (WHT) applicable to interest earned in Australian by non-residents.
