What Is Offshore Banking And Bank Account?
If you want to invest in property, save some money tax-free, or form a
corporation, protecting your assets with an offshore bank account is a great
idea. You have a choice of which offshore bank you want to open an account
with. Your offshore banking and bank account should include an account package
that is tailored for your business needs.
There are hundreds of offshore banks in many different countries around the
world offering your choice when it comes to banking, corporate structures, and
help moving your assets. When choosing an offshore bank, you may want to get
references from satisfied customers, but you will definitely want to do your
homework and find out how many clients they have and how much they are worth
before you open a bank account with them.
When looking for an offshore bank, you want to find one that offers you more
than one jurisdiction and a wide range of multicurrency bank accounts. Some
clients prefer an anonymous ATM card that does not have their name printed on
it. They are able to withdraw money anonymously anytime they feel the need.
An offshore bank, bank account is usually in a low tax jurisdiction that
provides legal and financial advantage over banks in the US. The advantages of
having an offshore bank, bank account are: Strong privacy and secrecy, easy
access to deposits, less restrictive legal regulation, protection against local
financial instability, and low or no taxation.
Offshore banking has been linked with underground economy and organized crime,
by way of tax evasion and organized crime. However, offshore banking does not
prevent ones assets from being subject to personal income tax on accrued
interest. Certain people who meet complex requirements, and the personal income
tax of certain countries. If you are a US citizen and are subject to income tax
you are required to declare income on or be penalized. Offshore banks may
decide not to report income to other tax authorities and are not legally bound
to do so because they are protected by bank secrecy. The taxpayer is legally
bound to report all taxable income. There has been a demand for more regulation
on international finance concerning offshore banks, tax havens and clearing
houses, being accused of being a haven for the flow of illegal money.
Those who defend offshore banking claim the process is prompted by the desire
of regular banks and tax agencies to have access to the money in offshore
accounts, and not by security and financial concerns. They feel the domestic
banks are threatened by offshore banks and are trying to get rid of the
competition.
Offshore banks give a person access to politically and economically stable
jurisdictions. Those in areas where there is a risk of political turmoil who
fear they will have their assets frozen or seized. Some offshore banking bank
accounts operate with a lower cost base and can offer higher interest rates,
due to a lack of government intervention. Offshore finance is one of the few
industries, beside tourism, that remote island nations can engage in. This
could help developing countries create growth in their economies.
Interest is usually paid by offshore banks without tax deduction. This is an
advantage to individuals who do not pay tax on worldwide income. Some offshore
banks offer different services than domestic banks. Higher interest rates, and
anonymous bank accounts are a couple of the services offered by offshore banks.
What Is Lloyds TSB Offshore Internet Banking?
Lloyds TSB Bank has been in Dubai since 1977. They are a branch of Lloyds based
in the UK, and are a part of one of the most successful and largest banking
groups the world over. This is a trusted bank with a solid foundation and
strength.
Lloyds TSB offshore internet banking offers convenient ways to:
- View your statements
- Transfer money to other banks or accounts
- Check your balances and transactions
- Pay bills online
When you register with Lloyds TSB offshore bank, it will be secure and take
just a few minutes to complete. You will:
- Complete the online application
- Verify your signature by completing the Lloyds TSB Dubai Application and
return it to their branch.
- Download it online.
- Use the form sent to you as part of the application package.
- Visit the bank yourself.
Once the signed documents are received, you will be sent your activated member
ID.
Some precautions to take to keep your bank account secure:
- Do not write down or store your internet banking password or important
information about your account on your computer.
- Do not give your password or other information on your internet bank account.
The bank will never contact you for this information, so anyone who asks for
it is up to no good.
- If you think your password has been accessed by someone you need to change
the password immediately.
- Use a 6 to 15 character password and change it at regular intervals. Use a
mix of letters and numbers that you can memorize without writing them down.
Avoid passwords that would be easy for others to guess.
- Do not access your offshore internet bank account on a public computer where
others may be able to access your password.
- Do not change your password on a public computer.
- If you must access your account on a public computer, make sure there is
nobody watching you type in your information.
- This way you will be able to see any suspicious transactions.
- Make sure the first characters of the web address in your address bar is
changed from http to https -- the S means secure.
- Look for a small padlock icon, in the locked position, at the bottom right
side of your screen. This means a secure site.
- Make sure you always log off of your account when you are finished and close
your browser.
If you follow the above guidelines you will cut down the threat of identity
theft, and breathe easier about your internet banking accounts. As long as you
check your accounts often and remain diligent you should be able to steer clear
of internet fraud.
How Can I Take Advantage Of Offshore Banking?
If you are looking for:
- Offshore services
- An offshore company
- Offshore banking
- Offshore trusts
- Offshore investing
You need to look into internet offshore banking.
Offshore banking or offshore bank refer to the many investment and banking
institutions available in other countries and jurisdictions other than where
the depositor lives. The term offshore bank is for those banks located in
low-regulation, or low-taxation jurisdictions.
While you may find a few internet offshore banks that are unscrupulous. For the
most part these banks are sophisticated and stable with regulations tailored
toward the needs of their clients. Many of these jurisdictions depend on
foreign capital held in their banks as a primary economic factor.
One of the benefits of having an offshore banking account is that they are
located in tax havens that provide asset protection and confidentiality. These
jurisdictions also allow a looser restrictive rules when it comes to the types
of internet offshore accounts available. Offshore banking will usually allow a
reduction in tax regulations.
You will need to be sure the proper jurisdiction is selected for your personal
and business needs. Each depositor will have different needs when it comes to
offshore accounts. If you do your homework, it will be apparent that some
unscrupulous banks would not be right for you and your business dealings.
Anyone who knows anything about offshore banks, already knows that banks can
safeguard their money from civil, economic or political strife. They are also
confident that an offshore banking account will be an effective haven for
assets and funds to be safe, secure, and kept confidential.
Internet offshore banking will also allow you to check your transactions and
banking account balances online. This will also allow you to arrange for money
transfers online. You will have the same privileges that you would with any
regular internet banking site.
Not only are internet offshore banks a way to invest and protect your money,
there are also plenty of exchange companies out there. These companies usually
give better rates than the banks do. They offer different transfer systems and
the speed of transfer is what you will mainly need to pay for. These methods
are postal, bank to bank, telex, and telegraphic. Banks and exchange houses are
usually in competition. Both are speedy, accurate and reliable, but the
efficiency of a transaction also depends on the speed of the institution on the
receiving or sending end.
Electronic transfer is undoubtedly the quickest method to send or receive
money, though there will be delays if you are sending a currency that the other
institution does not normally deal with. It is simpler and quicker to send money
between banks that are affiliated. Many depositors have benefited from the safe,
confidential, and the low taxation environment of an internet offshore banking
account.
Is Offshore Banking Legal?
This is one of the frequently asked questions about offshore banking, and in
short, YES, offshore banking is legal. Offshore banking is so legal that, it's
always going to remain legal. Offshore banking is a benefit to all of society
and is indispensible. Using offshore banking for tax evasion purposes is what
is not legal, and that is usually what is associated with offshore banking in
general and is the cause of the misconception. Offshore banking is also
associated with criminal activities such as money laundering. This article will
clarify the distinction and examine why offshore banking will remain legal.
The term offshore was originated from the British Channel Islands, tax havens
located literally offshore from the United Kingdom. Now the term is used to
refer to all tax havens whether islands or not. Technically, just moving your
money from an account in your country of residence to another jurisdiction is
considered offshore banking, even if it's not a tax haven. This is the main
reason why offshore banking will always be legal. How can it be illegal to move
money from one country to another?
Individuals and businesses, large or small, and even governments all have the
need to move money around the world. If moving money from one country to
another was illegal, our global economy would have serious problems and i don't
see how we could make it. We are constantly ordering items from eBay and some do
so from other countries. People use Paypal accounts to transfer funds when
ordering online. Governments are involved in import export activity and have to
pay for it somehow. So again, no one can stop you from taking your money to
another country; it is a legal and everyday process that will remain that way.
The thing that is NOT legal is banking offshore for tax evasion. Depending on
which country you reside in, it is usually illegal to take money out of the
country or making money overseas and never submitting it to your country of
residence or declaring it. as stated, this depends on your tax status and
country of residence. For instance, in the United States, the federal
government requires all citizens to declare all taxable assets regardless of
where they are located in the world. Failing to do so is committing a criminal
offense. There are ways around this though, such as expatriating for certain
amount of time to save on taxes. International companies can also reduce their
tax burden through using a slick network of offshore bank accounts and IBCs.
And another thing to keep in mind is that a lot of countries don't charge
income tax on money earned out of the country and brought in. They also don't
tax interest earned on accounts. So, if US citizens and UK and European
citizens can't even save tax through offshore banking, how can it be
beneficial? Saving on taxes is not the only advantage of using offshore banking
accounts. There are many other benefits, including but not limited to:
- Optimized account Privacy -- Protection from aggressive litigations
- More competitive account structures ad interest rates -- Global access to your
money
- Ability to bank in multiple currencies
- Access to global business opportunities
And not to forget that those who reside in countries with corrupt or unstable
economic systems have the opportunity to bank in an economically and
politically stable jurisdiction.
Some Advice On Offshore Banking
I'm sure we have all heard about online offshore banking. You still pay your
bills by mail and make deposits at your local bank. You may have shopped online
for a loan or a home mortgage, but you still would rather do business face to
face at a bank you trust.
With online banking you will still be dealing with your own bank, you are just
taking advantage of the convenience of banking without leaving home. You will
not have to write checks and send them through the mail. You can automate your
bill paying and have more time to enjoy your life.
Banks have used computer networks to automate their transactions for years. As
we know with our checking accounts, we receive a monthly statement instead of
the canceled checks. This is a record of our transactions without the time
consuming action and expense of getting all of the canceled checks together and
sending them. Banks have taken that automation a step further by offering you an
alternative to paper and postage.
Online offshore banking is becoming a popular alternative for those who have a
great deal of money and are looking for a tax shelter. Secure internet shopping
sites offer protection through a single password. This is not secure enough for
online offshore banking. Online banking offers secure sites and the sending of
information. Any information exchanged on an online offshore banking site,
including your password-is encrypted. This makes it impossible for a third
party to get or modify this information after it is sent.
Encryption, alone, will not safeguard against hackers gaining access to home
PCs and obtaining your password. A user must be very careful not to give out
their password or leave it laying around so that an unscrupulous party may be
able to get their hands on. Most online offshore banks add another layer of
security. The most widely used method is the use of transaction numbers, (TANs)
that are used only once. Another way to add a bit of security, is to use two
passwords which are entered at the beginning of every banking transactions, in
a random pattern. European countries provides the customer with a unique token,
a two factor authentication. Some banks offer digital certificates to
authenticate the transactions. Many European banks offer online banking to pay
a merchant directly from your account.
Many people steer clear of online offshore banking because they feel they would
be too vulnerable to fraud. No security measure is completely safe, but the
number of fraud cases is small. This could be because there are not a great
deal of internet bankers. The truth is, the number of fraud cases in
conventional banking are more widespread. A person who uses online banking must
be diligent about not giving out passwords or information about their accounts.
You need to be extra cautious when you are dealing with banks on the internet.
The most widely known instance of internet fraud is called phishing. This is
when an online banker is persuaded to give out their password to an unethical
party.
One must really be cautious when using online banking, but it is much more
convenient than regular banking methods.
How Can I Get In On Offshore Banking Investments?
Legislative amendments to allow for the formation of Private Trust Companies
has recently been introduced in the Bahamas. This demonstrates the government's
commitment to the delivery of superior financial services to all clients.
The government is talking with stockholders including International Banks and
Trust Companies, The Bahamas Financial Services Board among other financial
institutions. A recent seminar was held to discuss the use and review of
legislation as it pertains to Private Trust Companies.
A private trust company is formed for the purpose of acting as trustee of a
single trust. Most of the world's wealth is held by private individuals and
their families. The preservation of that wealth is what Private Wealth
Management is about. PWM for families involves the creation of programs to
generate wealth, protect wealth from predators, and control the transfer of
wealth from one generation to the next. These services are usually geared to
those individuals with a high net worth.
In 2003 the money owned by these individuals was around $29 Trillion and
expected to jump to $41 Trillion by 2008. When you are talking about someone
who will be interested in offshore banking investment it would most likely be
someone with an amount of $100,000 to $5 million. If an investor has less than
$100,000 to invest it is likely that offshore investing is right for them.
Nearly every bank with an inkling of being international offers a special rate
of interest to wealthier private depositors and name it private banking.
Minimums have fallen to under $10,000 in many instances. Many institutions are
catering to the customer with $20,000 to invest in the hope that they will have
$200,000 or $2 Million to invest in the future.
Offshore banking investment or private investment, usually means investment
management offered on a personalized level by the individual or company with
disposable wealth of over $100,000. You should exercise care when you are
thinking of opening a private banking account. You need to be sure it is the
type of bank you want to do business with. Private banking is not the same as
offshore banking. You will need to know the difference. Find out what any bank
hopes to gain from your business before you open any type of an account.
Private banking does not necessarily mean investment. Banks like to lend money
to rich people. If you deposit money with a private bank that is not
accompanied by lending or borrowing is usually going to charge you a fee. Many
times these banks are hoping for more involvement from wealthy depositors in
the future.
If you are a wealthy individual, you will undoubtedly be bombarded by offers
from many different banks who want you to deposit your money in their
institution. Whether you will choose an offshore or conventional bank will
depend on your residential status. If you plan to have residence in a low tax
area, or plan to do so in the near future, than you will probably want to do
business with an offshore bank.
You will need to know everything about the bank you choose before you become
involved with it. You will be able to choose the right bank for your particular
needs once you have looked into what they are able to offer you.
What Are The Offshore Banking Secrets To Make Huge Amounts Of Money?
In investigating offshore banking secrets to make huge amounts of money, I ran
across several articles that warned the information may be inaccurate. I am
reporting to you what I have gleaned from this information. It will be up to
you to check out the accuracy of this information before you make any major
decisions about your money and how to invest or bank it.
There are two types of high yield investment programs available. The first has
to do with offshore banking, secret international financial rules approved by
the US Federal Bank, or Treasury department. The second involves small
investments and trading in gold, currency, or futures.
If you are contacted about participation in the first program, it will usually
involve an offshore bank or investment house. The person who is trying to get
you to buy in will claim there is a legal loophole in income taxes or
international lending. You will be solicited to buy into this program, being
told you will make huge profits within 30 to 90 days. When the 90 days passes
and you have seen no money, the person who got you involved will tell you to be
patient that the money is coming. This person will also ask you to sign up other
people, claiming the more people you can bring into the deal will help him to
pay you what you are owed. You need to realize there is no loophole in income
tax rules, nor are there any secret rules involving international lending. This
is fraud plain and simple, and if you participate in this scheme You may be
charged with attempted fraud. You need to steer clear of this scheme and notify
the authorities immediately.
The second investment program is about smaller amounts of money. These programs
say they will pay out 1-10% a day. Even up to 100% per month. It is important to
know that while a great deal of these programs are scams, some of them may be
legal. This usually involves day trading in the stock market, on futures, gold,
and currency. You could put in as little as $20 in the program and earn a
percent or so every business day. You will be allowed to withdraw the funds at
any time, although by leaving the money in, your earnings would grow and give
larger payoffs.
Experienced day traders actually do make anywhere from 1-20% each day. This
average is more like 2% a day. The money you pay into the program would be put
together with the money of other participants and invested by the day trader
using 50% margins, the trader could pay 1% daily to the investors and still
make money on the deal. If the trader is good at what he does, he could be
right about 80% of the time and never lose more than 3% of the investment on
bad trades. This program is workable and is not a scam, unless the day trader
does not plan on giving back any of the proceeds. You will have no way of
knowing which is true.
Another type of high yield investment program involves the selling of ebooks
and software. Invested money is put together and spent on advertising for the
sale of ebooks and other software that can be downloaded. It is run on the
principle that for every $100 spent in advertising, a return of $300 in revenue
will be realized. A payout of 50% a month can be realized for the investors.
This program can work, but there is a limit to how long it will last. The
market for the product will soon be saturated and the sales will decline. The
profits would wane and the program would have to be shut down. Those who got in
at the beginning will be the winners here.
These are a few of the many offshore banking secrets to make huge amounts of
money. Others can be found on the internet. Use caution when something sounds
too good to be true, as it probably is.
All About Offshore Banking
Offshore banking can be defined as using the services of a bank located in a
different jurisdiction or country than the depositor resides in. Offshore banks
are usually located in places considered as tax havens and also provide
additional confidentiality and security for the depositor.
The term offshore was originated from the British Channel Islands, tax havens
located literally offshore from the United Kingdom. These were the original tax
havens and they started the usage of the term offshore for describing the
industry. Those islands became major international banking centers because of
those tax benefits and regulations. They were optimal places to hold assets
abroad or save and invest.
Offshore bank accounts are often less regulated than domestic banks due to
fewer restrictions from their governments. This allows for more types of
offshore banking accounts and ways in which they can be manipulated.
Offshore banking has become a major worldwide business that circulates $2
Trillion every day. That's a far shot from just a few decades ago where there
was a very limited number of offshore financial centers, which were usually
surrounded by myths of drug money and illegal activity.
What services are available?
Just like with your regular domestic banks, you can obtain a full spectrum of
services can be obtained from your offshore banking center.
These services include personal and corporate checking and savings accounts.
These offshore financial centers also offer secure internet banking facilities
that allow for wire and electronic funds transfers, debit and ATM cards which
are accepted worldwide, credit cards, Loans and mortgages. Some even go so far
as offer Anonymous numbered accounts to provide for extra confidentiality.
Investment management and custody is also provided by some banks. They also
have Corporate Administration services, trustee services, fund management and
foreign exchange. Banks tend to specialize between retail and private banking,
so all the listed services might not be available at every bank. retail banks
tend to be more economical and offer standard services. Private banking
services, while more costly than their retail counterparts, tend to offer more
personalized services for their clients.
Advantages
Privacy is the first to come to mind, considering that offshore entities have
no obligation to release any of your personal or business information. Unless
evidence can be shown proving your involvement in criminal activity, your
information will not be given to any governing body or tax authority. Pretty
much, they can't sue for or seize things which they don't know exist.
Because of offshore banking centers usually being located in Tax havens, your
assets can grow almost free from any form of taxation. Thus, tax efficiency is
another important benefit of holding assets overseas. This does not mean that
you can avoid taxes altogether. There may be tax liability when trying to
retrieve your assets to your country of residence.
Asset Protection is another one of the main benefits offered by offshore
banking services. Holding offshore accounts gives you protection from Invasive
bureaucracy, lawsuits, and it also protects your assets from seizures.
Why Should I Consider Lloyds Offshore Banking?
When you invest with Lloyds Offshore Private Banking, you will receive personal
service from a dedicated relationship manager. Lloyds experienced investment
team is based in the Channel Islands. This offshore bank uses a disciplined
approach to ensure that their portfolios have a balanced selection of
investments at all times.
Lloyds has an excellent network of accounts, and legal framework with an
assortment of financial and legal advisors. With offices in Jersey and
Guernsey, we operate from two of the leading offshore centers in the world.
The offshore banking services Lloyds offshore bank provides are of the highest
levels of discretion. They have an understanding of a clients special banking
needs and are committed to delivering the best in personal service. Lloyds also
have offshore banks in the Channel Islands, and the Isle of Man, with offices in
Dubai, Hong Kong, and Miami.
You will have the support of a professional team experienced in helping Lloyds
offshore banking customers, make the most of financial opportunities available.
With a Lloyds offshore banking account, you will be able to:
- View your banking and loan accounts.
- Join 98% of customers who say internet banking saves time.
- Pay bills online.
Banking online is a convenient way to check your balances and transactions,
view your statements, and transfer money between accounts.
Lloyds offshore banking has employees who specialize in servicing the needs of
private customers who are not residents of the UK, and who will benefit most
from Lloyds offshore banking and investment services.
Lloyds offshore is also able to assist with financial service requirements of
those who are residents in the Cannel Islands or the Isle of Man, but most
services of their offshore bank do not apply to UK residents. If other
international citizens who want access to one of the premier British bank,
Lloyds offshore banking division is a great option to explore.
Each Lloyds offshore banking client is assigned an advisor who will get to know
the customer and their needs. They will do everything possible to assure that
their needs are carried out to the letter. This assures the highest quality of
personalized customer service. Private banking is wonderful for customers who
don't have time or the inclination to manage investment assets or would rather
have an expert guide their decisions.
Lloyds offshore banking also has a range of offshore funds including, gilt
funds, income generating funds, money funds, money market accounts. The latter
fall into categories, fixed term, and instant access, are two of the types of
money market accounts available.
Finally, Lloyds offshore banking offers, expert financial services, and wealth
and portfolio management. Lloyds offshore division has unlimited access to the
service and advantages of the whole of Lloyds.
There are really so many reasons you should open a Lloyds offshore banking
account. If you are thinking of opening an offshore account at all, make sure
you include Lloyds offshore banks in your research. You will see Lloyds is
among the finest offshore banks you will find.
Tell Me About Offshore Stock Trading And Online Banking?
When you are thinking about offshore stock trading and online banking you might
consider The Commonwealth of Dominica. Dominica offers one of the best tax
havens, and offer offshore banking and asset protection in total secrecy.
Dominica has some of the newest offshore legislation in the world and is more
advanced than most other jurisdictions, technologically.
All offshore bank accounts will be opened in the name of your offshore company,
with help from their law offices and Dominica's new company formation process.
Your International Business Company will be incorporated with the documents
sent back to you by courier within a few days. You may have bearer shares with
only one director of your company for incorporation.
You will also have your choice of offshore banks in 5 jurisdictions, including
Dominica, for offshore stock trading and online banking. You will have internet
access to your account from anywhere in the world. You will also receive free
brokerage account documents as part of your account package.
Why should you choose an offshore stock trading, online banking, offshore
company in Dominica? You will need only one director and one shareholder to get
you registered as a company, director and shareholder can be the same person. A
company secretary is not required by law. Bearer shares and non par value
shares are allowed. There is no limitation to the value of Share Capitol and
incorporation and annual fees are not dependant upon the Share Capital amount.
The annual fee is due on the day the company was incorporated. Share capital
can be in any currency, and the State guarantees tax exemption for a minimum of
20 years. Annual shareholder meetings can be held in any country in the world
and there is no need to come to Dominica to incorporate your company or conduct
business.
You should choose Offshore Company in Dominica because there are no taxation
treaties with other countries so there is no need to exchange information with
other tax authorities. You will be able to choose from a wide variety of names
for your new company. Dominica offers the lowest prices on the market for IBC
incorporations and offshore services. Significant discounts are available for
clients who buy package services. You can incorporate online and pay online
with Visa, Master Card, Discover or American Express; if you want to remain
anonymous, you can pay by Western Union, Wire Transfer, or Money Gram. There is
also an option to pay by wire transfer.
The process of incorporation with Dominica will not take more than 24 hours.
Your company will be incorporated with the Government Agent with years of
experience in offshore services. You will incorporate a company from the
country of origin, there will be no middle man. This will save you money and
make all of your business activities confidential. If you are serious about
becoming incorporated in Dominica, you will be able to choose from many
packages they offer for offshore stock trading and online banking.
Tell Me About Mauritus Offshore Banking
The HSBC Bank located in Mauritius offer offshore multi-currency accounts, high
yielding personal and fixed term accounts in all major currencies including the
US dollar, UK Pound Sterling, the Euro, and the South African Rand. Accrued
interest is free of withholding tax. Tiered interest rate schedule with rates
adjusted periodically. The HSBC electronic banking system delivers the highest
quality international money transmission services. The latest banking
technology is implemented and includes communications and payment systems
allowing for fast identification and credit of remittances in all major
currencies.
HSBC offers a comprehensive range of trade finance facilities and services.
These services cater to the needs of offshore trading companies (see the
website for details). Mauritius offshore banking offers a wide range of
multicurrency corporate lending services, including bills discounting,
syndicated and cross-border loans, project and capital finance, and short to
medium term finance.
Barclays Offshore Banking Unit in Mauritius is a full branch of Barclays Bank
Plc, United Kingdom. Barclays Mauritius, maintains about 2500 corporate and
personal accounts. Bank services include international inward and outward
payments, interest bearing call accounts, structured investments, currency,
multi-currency check books, foreign exchange and custody services.
The Hong Kong Shanghai Banking Corporation offshore banking unit, in Mauritius,
operates as a branch of the Hong Kong Shanghai Banking Limited and as a member
of the HSBC group. Services include personal banking, trade finance, corporate
and investment banking, electronic banking, cash management, treasury and
foreign exchange and securities custody and clearing services.
These Mauritius Offshore Banking Units have departments with people who are
familiar with all of your personal and professional banking needs. They will
take away some of the confusion by helping you choose the account package that
is right for you. There are fees for these services but they are usually
modest. Mauritius also has affiliates in the Seychelles. Their partners are
Barclays and Nouvobang. Many of their clients bank with Barclays in the Isle of
Man, and in London. The Barclays group has been in commercial banking for over
300 years and have a strong credit rating and a worldwide reputation for its
vast range of services. In Luxembourg they work with Dexia Banque
Internationale a Luxembourg SA. This is a full service bank started in 1865
with a multi-national staff. They specialize in the needs of businesses for
confidential banking. In Switzerland they work with many banks, including Union
Bank of Switzerland.
The fact is that you will be able to choose which bank you want to work with.
You can research each bank and what they have to offer in the way of offshore
banking accounts. When you choose the right offshore bank you may be able to
customize the perfect offshore bank account package for your situation. A
Mauritius offshore banking account may be just the account you have been
looking for to serve all of your personal and professional needs. As you can
see, there are many Mauritius banks to choose from so you will have an array of
bank account packages to choose from.
What IsS Offshore Stock Trading And Online Banking?
When you think of making an investment, you want the best return possible. You
might find an investment that does well for a while and then takes a drastic
down-turn. Investments can be a bit risky, but who ever got anywhere by not
taking a chance. There are investments available that regularly return between
30% and more than 100%.
Where can you find these investments and be sure they are not scams. You may
want to seek out an investment advisor that has a proven track record. Trident
Press is one of the best. Trident Press publishes information on the 150 best
investments in the world. Many of these investments allow you to invest as
little as $1000.
Hundreds of hours are spent tracking down the best investments in the world.
Information is gleaned from top brokers and analysts. Only the best investments
are included in the information from Trident press. Many of these investments
have to do with offshore stock trading.
Here are a few of the tips you will find in the High Yield Investment
Books -- volumes 1 and 2.
- The best investment fund in the world -- well over 100% pa.
- Over 40 fund investments with returns of over 50%.
- Offshore Brokers who will protect your privacy.
- Hong Kong fund returning over 100% pa.
- Private Swiss Annuities.
- Buying Real Estate at a big discount.
These books are also available as an e-book.
Offshore stock trading and online banking would be a great asset to your
finances. Foreign countries that are favorable for investment have certain laws
that will give an advantage to an investor. These laws take the form of local
no-tax or low-tax on investment income, no matter the investors place of
residence.
Everyone wants a good return on their investment, one such investment is the
Momentum Assetmaster Fund. This London hedge fund was started in 1991 and has
averaged 12.54% yearly upturn since it started. Cuttyhunk Fund Ltd. was started
in 1997, and has never had a loss, returns have been 21% annually. These are
only two of the many offshore stock trading and online banking investment.
Offshore stock trading and online banking has many benefits. Tax planning and
estate planning are a couple of positive benefits. You can invest offshore and
onshore, the choice is yours. Many offshore banks offer stock portfolios for
your investment needs, online.
The Dominican Republic offers fixed income and growth investments. You will not
need to travel there to invest. You can use your home computer or phone the
online banks. Do not use your home phone, use a public phone and a calling card
to prevent theft.
The main reasons to having offshore stock investments are:
Asset Protection -- Protects against claims from bankruptcy creditors, and other
people having an interest in your money.
Estate planning -- Saving investment income and long term benefits on a
favorable tax basis.
There are so many reasons you should invest in offshore stock trading and
online banking.
If you want to invest in property, save some money tax-free, or form a
corporation, protecting your assets with an offshore bank account is a great
idea. You have a choice of which offshore bank you want to open an account
with. Your offshore banking and bank account should include an account package
that is tailored for your business needs.
There are hundreds of offshore banks in many different countries around the
world offering your choice when it comes to banking, corporate structures, and
help moving your assets. When choosing an offshore bank, you may want to get
references from satisfied customers, but you will definitely want to do your
homework and find out how many clients they have and how much they are worth
before you open a bank account with them.
When looking for an offshore bank, you want to find one that offers you more
than one jurisdiction and a wide range of multicurrency bank accounts. Some
clients prefer an anonymous ATM card that does not have their name printed on
it. They are able to withdraw money anonymously anytime they feel the need.
An offshore bank, bank account is usually in a low tax jurisdiction that
provides legal and financial advantage over banks in the US. The advantages of
having an offshore bank, bank account are: Strong privacy and secrecy, easy
access to deposits, less restrictive legal regulation, protection against local
financial instability, and low or no taxation.
Offshore banking has been linked with underground economy and organized crime,
by way of tax evasion and organized crime. However, offshore banking does not
prevent ones assets from being subject to personal income tax on accrued
interest. Certain people who meet complex requirements, and the personal income
tax of certain countries. If you are a US citizen and are subject to income tax
you are required to declare income on or be penalized. Offshore banks may
decide not to report income to other tax authorities and are not legally bound
to do so because they are protected by bank secrecy. The taxpayer is legally
bound to report all taxable income. There has been a demand for more regulation
on international finance concerning offshore banks, tax havens and clearing
houses, being accused of being a haven for the flow of illegal money.
Those who defend offshore banking claim the process is prompted by the desire
of regular banks and tax agencies to have access to the money in offshore
accounts, and not by security and financial concerns. They feel the domestic
banks are threatened by offshore banks and are trying to get rid of the
competition.
Offshore banks give a person access to politically and economically stable
jurisdictions. Those in areas where there is a risk of political turmoil who
fear they will have their assets frozen or seized. Some offshore banking bank
accounts operate with a lower cost base and can offer higher interest rates,
due to a lack of government intervention. Offshore finance is one of the few
industries, beside tourism, that remote island nations can engage in. This
could help developing countries create growth in their economies.
Interest is usually paid by offshore banks without tax deduction. This is an
advantage to individuals who do not pay tax on worldwide income. Some offshore
banks offer different services than domestic banks. Higher interest rates, and
anonymous bank accounts are a couple of the services offered by offshore banks.
What Is Lloyds TSB Offshore Internet Banking?
Lloyds TSB Bank has been in Dubai since 1977. They are a branch of Lloyds based
in the UK, and are a part of one of the most successful and largest banking
groups the world over. This is a trusted bank with a solid foundation and
strength.
Lloyds TSB offshore internet banking offers convenient ways to:
- View your statements
- Transfer money to other banks or accounts
- Check your balances and transactions
- Pay bills online
When you register with Lloyds TSB offshore bank, it will be secure and take
just a few minutes to complete. You will:
- Complete the online application
- Verify your signature by completing the Lloyds TSB Dubai Application and
return it to their branch.
- Download it online.
- Use the form sent to you as part of the application package.
- Visit the bank yourself.
Once the signed documents are received, you will be sent your activated member
ID.
Some precautions to take to keep your bank account secure:
- Do not write down or store your internet banking password or important
information about your account on your computer.
- Do not give your password or other information on your internet bank account.
The bank will never contact you for this information, so anyone who asks for
it is up to no good.
- If you think your password has been accessed by someone you need to change
the password immediately.
- Use a 6 to 15 character password and change it at regular intervals. Use a
mix of letters and numbers that you can memorize without writing them down.
Avoid passwords that would be easy for others to guess.
- Do not access your offshore internet bank account on a public computer where
others may be able to access your password.
- Do not change your password on a public computer.
- If you must access your account on a public computer, make sure there is
nobody watching you type in your information.
- This way you will be able to see any suspicious transactions.
- Make sure the first characters of the web address in your address bar is
changed from http to https -- the S means secure.
- Look for a small padlock icon, in the locked position, at the bottom right
side of your screen. This means a secure site.
- Make sure you always log off of your account when you are finished and close
your browser.
If you follow the above guidelines you will cut down the threat of identity
theft, and breathe easier about your internet banking accounts. As long as you
check your accounts often and remain diligent you should be able to steer clear
of internet fraud.
How Can I Take Advantage Of Offshore Banking?
If you are looking for:
- Offshore services
- An offshore company
- Offshore banking
- Offshore trusts
- Offshore investing
You need to look into internet offshore banking.
Offshore banking or offshore bank refer to the many investment and banking
institutions available in other countries and jurisdictions other than where
the depositor lives. The term offshore bank is for those banks located in
low-regulation, or low-taxation jurisdictions.
While you may find a few internet offshore banks that are unscrupulous. For the
most part these banks are sophisticated and stable with regulations tailored
toward the needs of their clients. Many of these jurisdictions depend on
foreign capital held in their banks as a primary economic factor.
One of the benefits of having an offshore banking account is that they are
located in tax havens that provide asset protection and confidentiality. These
jurisdictions also allow a looser restrictive rules when it comes to the types
of internet offshore accounts available. Offshore banking will usually allow a
reduction in tax regulations.
You will need to be sure the proper jurisdiction is selected for your personal
and business needs. Each depositor will have different needs when it comes to
offshore accounts. If you do your homework, it will be apparent that some
unscrupulous banks would not be right for you and your business dealings.
Anyone who knows anything about offshore banks, already knows that banks can
safeguard their money from civil, economic or political strife. They are also
confident that an offshore banking account will be an effective haven for
assets and funds to be safe, secure, and kept confidential.
Internet offshore banking will also allow you to check your transactions and
banking account balances online. This will also allow you to arrange for money
transfers online. You will have the same privileges that you would with any
regular internet banking site.
Not only are internet offshore banks a way to invest and protect your money,
there are also plenty of exchange companies out there. These companies usually
give better rates than the banks do. They offer different transfer systems and
the speed of transfer is what you will mainly need to pay for. These methods
are postal, bank to bank, telex, and telegraphic. Banks and exchange houses are
usually in competition. Both are speedy, accurate and reliable, but the
efficiency of a transaction also depends on the speed of the institution on the
receiving or sending end.
Electronic transfer is undoubtedly the quickest method to send or receive
money, though there will be delays if you are sending a currency that the other
institution does not normally deal with. It is simpler and quicker to send money
between banks that are affiliated. Many depositors have benefited from the safe,
confidential, and the low taxation environment of an internet offshore banking
account.
Is Offshore Banking Legal?
This is one of the frequently asked questions about offshore banking, and in
short, YES, offshore banking is legal. Offshore banking is so legal that, it's
always going to remain legal. Offshore banking is a benefit to all of society
and is indispensible. Using offshore banking for tax evasion purposes is what
is not legal, and that is usually what is associated with offshore banking in
general and is the cause of the misconception. Offshore banking is also
associated with criminal activities such as money laundering. This article will
clarify the distinction and examine why offshore banking will remain legal.
The term offshore was originated from the British Channel Islands, tax havens
located literally offshore from the United Kingdom. Now the term is used to
refer to all tax havens whether islands or not. Technically, just moving your
money from an account in your country of residence to another jurisdiction is
considered offshore banking, even if it's not a tax haven. This is the main
reason why offshore banking will always be legal. How can it be illegal to move
money from one country to another?
Individuals and businesses, large or small, and even governments all have the
need to move money around the world. If moving money from one country to
another was illegal, our global economy would have serious problems and i don't
see how we could make it. We are constantly ordering items from eBay and some do
so from other countries. People use Paypal accounts to transfer funds when
ordering online. Governments are involved in import export activity and have to
pay for it somehow. So again, no one can stop you from taking your money to
another country; it is a legal and everyday process that will remain that way.
The thing that is NOT legal is banking offshore for tax evasion. Depending on
which country you reside in, it is usually illegal to take money out of the
country or making money overseas and never submitting it to your country of
residence or declaring it. as stated, this depends on your tax status and
country of residence. For instance, in the United States, the federal
government requires all citizens to declare all taxable assets regardless of
where they are located in the world. Failing to do so is committing a criminal
offense. There are ways around this though, such as expatriating for certain
amount of time to save on taxes. International companies can also reduce their
tax burden through using a slick network of offshore bank accounts and IBCs.
And another thing to keep in mind is that a lot of countries don't charge
income tax on money earned out of the country and brought in. They also don't
tax interest earned on accounts. So, if US citizens and UK and European
citizens can't even save tax through offshore banking, how can it be
beneficial? Saving on taxes is not the only advantage of using offshore banking
accounts. There are many other benefits, including but not limited to:
- Optimized account Privacy -- Protection from aggressive litigations
- More competitive account structures ad interest rates -- Global access to your
money
- Ability to bank in multiple currencies
- Access to global business opportunities
And not to forget that those who reside in countries with corrupt or unstable
economic systems have the opportunity to bank in an economically and
politically stable jurisdiction.
Some Advice On Offshore Banking
I'm sure we have all heard about online offshore banking. You still pay your
bills by mail and make deposits at your local bank. You may have shopped online
for a loan or a home mortgage, but you still would rather do business face to
face at a bank you trust.
With online banking you will still be dealing with your own bank, you are just
taking advantage of the convenience of banking without leaving home. You will
not have to write checks and send them through the mail. You can automate your
bill paying and have more time to enjoy your life.
Banks have used computer networks to automate their transactions for years. As
we know with our checking accounts, we receive a monthly statement instead of
the canceled checks. This is a record of our transactions without the time
consuming action and expense of getting all of the canceled checks together and
sending them. Banks have taken that automation a step further by offering you an
alternative to paper and postage.
Online offshore banking is becoming a popular alternative for those who have a
great deal of money and are looking for a tax shelter. Secure internet shopping
sites offer protection through a single password. This is not secure enough for
online offshore banking. Online banking offers secure sites and the sending of
information. Any information exchanged on an online offshore banking site,
including your password-is encrypted. This makes it impossible for a third
party to get or modify this information after it is sent.
Encryption, alone, will not safeguard against hackers gaining access to home
PCs and obtaining your password. A user must be very careful not to give out
their password or leave it laying around so that an unscrupulous party may be
able to get their hands on. Most online offshore banks add another layer of
security. The most widely used method is the use of transaction numbers, (TANs)
that are used only once. Another way to add a bit of security, is to use two
passwords which are entered at the beginning of every banking transactions, in
a random pattern. European countries provides the customer with a unique token,
a two factor authentication. Some banks offer digital certificates to
authenticate the transactions. Many European banks offer online banking to pay
a merchant directly from your account.
Many people steer clear of online offshore banking because they feel they would
be too vulnerable to fraud. No security measure is completely safe, but the
number of fraud cases is small. This could be because there are not a great
deal of internet bankers. The truth is, the number of fraud cases in
conventional banking are more widespread. A person who uses online banking must
be diligent about not giving out passwords or information about their accounts.
You need to be extra cautious when you are dealing with banks on the internet.
The most widely known instance of internet fraud is called phishing. This is
when an online banker is persuaded to give out their password to an unethical
party.
One must really be cautious when using online banking, but it is much more
convenient than regular banking methods.
How Can I Get In On Offshore Banking Investments?
Legislative amendments to allow for the formation of Private Trust Companies
has recently been introduced in the Bahamas. This demonstrates the government's
commitment to the delivery of superior financial services to all clients.
The government is talking with stockholders including International Banks and
Trust Companies, The Bahamas Financial Services Board among other financial
institutions. A recent seminar was held to discuss the use and review of
legislation as it pertains to Private Trust Companies.
A private trust company is formed for the purpose of acting as trustee of a
single trust. Most of the world's wealth is held by private individuals and
their families. The preservation of that wealth is what Private Wealth
Management is about. PWM for families involves the creation of programs to
generate wealth, protect wealth from predators, and control the transfer of
wealth from one generation to the next. These services are usually geared to
those individuals with a high net worth.
In 2003 the money owned by these individuals was around $29 Trillion and
expected to jump to $41 Trillion by 2008. When you are talking about someone
who will be interested in offshore banking investment it would most likely be
someone with an amount of $100,000 to $5 million. If an investor has less than
$100,000 to invest it is likely that offshore investing is right for them.
Nearly every bank with an inkling of being international offers a special rate
of interest to wealthier private depositors and name it private banking.
Minimums have fallen to under $10,000 in many instances. Many institutions are
catering to the customer with $20,000 to invest in the hope that they will have
$200,000 or $2 Million to invest in the future.
Offshore banking investment or private investment, usually means investment
management offered on a personalized level by the individual or company with
disposable wealth of over $100,000. You should exercise care when you are
thinking of opening a private banking account. You need to be sure it is the
type of bank you want to do business with. Private banking is not the same as
offshore banking. You will need to know the difference. Find out what any bank
hopes to gain from your business before you open any type of an account.
Private banking does not necessarily mean investment. Banks like to lend money
to rich people. If you deposit money with a private bank that is not
accompanied by lending or borrowing is usually going to charge you a fee. Many
times these banks are hoping for more involvement from wealthy depositors in
the future.
If you are a wealthy individual, you will undoubtedly be bombarded by offers
from many different banks who want you to deposit your money in their
institution. Whether you will choose an offshore or conventional bank will
depend on your residential status. If you plan to have residence in a low tax
area, or plan to do so in the near future, than you will probably want to do
business with an offshore bank.
You will need to know everything about the bank you choose before you become
involved with it. You will be able to choose the right bank for your particular
needs once you have looked into what they are able to offer you.
What Are The Offshore Banking Secrets To Make Huge Amounts Of Money?
In investigating offshore banking secrets to make huge amounts of money, I ran
across several articles that warned the information may be inaccurate. I am
reporting to you what I have gleaned from this information. It will be up to
you to check out the accuracy of this information before you make any major
decisions about your money and how to invest or bank it.
There are two types of high yield investment programs available. The first has
to do with offshore banking, secret international financial rules approved by
the US Federal Bank, or Treasury department. The second involves small
investments and trading in gold, currency, or futures.
If you are contacted about participation in the first program, it will usually
involve an offshore bank or investment house. The person who is trying to get
you to buy in will claim there is a legal loophole in income taxes or
international lending. You will be solicited to buy into this program, being
told you will make huge profits within 30 to 90 days. When the 90 days passes
and you have seen no money, the person who got you involved will tell you to be
patient that the money is coming. This person will also ask you to sign up other
people, claiming the more people you can bring into the deal will help him to
pay you what you are owed. You need to realize there is no loophole in income
tax rules, nor are there any secret rules involving international lending. This
is fraud plain and simple, and if you participate in this scheme You may be
charged with attempted fraud. You need to steer clear of this scheme and notify
the authorities immediately.
The second investment program is about smaller amounts of money. These programs
say they will pay out 1-10% a day. Even up to 100% per month. It is important to
know that while a great deal of these programs are scams, some of them may be
legal. This usually involves day trading in the stock market, on futures, gold,
and currency. You could put in as little as $20 in the program and earn a
percent or so every business day. You will be allowed to withdraw the funds at
any time, although by leaving the money in, your earnings would grow and give
larger payoffs.
Experienced day traders actually do make anywhere from 1-20% each day. This
average is more like 2% a day. The money you pay into the program would be put
together with the money of other participants and invested by the day trader
using 50% margins, the trader could pay 1% daily to the investors and still
make money on the deal. If the trader is good at what he does, he could be
right about 80% of the time and never lose more than 3% of the investment on
bad trades. This program is workable and is not a scam, unless the day trader
does not plan on giving back any of the proceeds. You will have no way of
knowing which is true.
Another type of high yield investment program involves the selling of ebooks
and software. Invested money is put together and spent on advertising for the
sale of ebooks and other software that can be downloaded. It is run on the
principle that for every $100 spent in advertising, a return of $300 in revenue
will be realized. A payout of 50% a month can be realized for the investors.
This program can work, but there is a limit to how long it will last. The
market for the product will soon be saturated and the sales will decline. The
profits would wane and the program would have to be shut down. Those who got in
at the beginning will be the winners here.
These are a few of the many offshore banking secrets to make huge amounts of
money. Others can be found on the internet. Use caution when something sounds
too good to be true, as it probably is.
All About Offshore Banking
Offshore banking can be defined as using the services of a bank located in a
different jurisdiction or country than the depositor resides in. Offshore banks
are usually located in places considered as tax havens and also provide
additional confidentiality and security for the depositor.
The term offshore was originated from the British Channel Islands, tax havens
located literally offshore from the United Kingdom. These were the original tax
havens and they started the usage of the term offshore for describing the
industry. Those islands became major international banking centers because of
those tax benefits and regulations. They were optimal places to hold assets
abroad or save and invest.
Offshore bank accounts are often less regulated than domestic banks due to
fewer restrictions from their governments. This allows for more types of
offshore banking accounts and ways in which they can be manipulated.
Offshore banking has become a major worldwide business that circulates $2
Trillion every day. That's a far shot from just a few decades ago where there
was a very limited number of offshore financial centers, which were usually
surrounded by myths of drug money and illegal activity.
What services are available?
Just like with your regular domestic banks, you can obtain a full spectrum of
services can be obtained from your offshore banking center.
These services include personal and corporate checking and savings accounts.
These offshore financial centers also offer secure internet banking facilities
that allow for wire and electronic funds transfers, debit and ATM cards which
are accepted worldwide, credit cards, Loans and mortgages. Some even go so far
as offer Anonymous numbered accounts to provide for extra confidentiality.
Investment management and custody is also provided by some banks. They also
have Corporate Administration services, trustee services, fund management and
foreign exchange. Banks tend to specialize between retail and private banking,
so all the listed services might not be available at every bank. retail banks
tend to be more economical and offer standard services. Private banking
services, while more costly than their retail counterparts, tend to offer more
personalized services for their clients.
Advantages
Privacy is the first to come to mind, considering that offshore entities have
no obligation to release any of your personal or business information. Unless
evidence can be shown proving your involvement in criminal activity, your
information will not be given to any governing body or tax authority. Pretty
much, they can't sue for or seize things which they don't know exist.
Because of offshore banking centers usually being located in Tax havens, your
assets can grow almost free from any form of taxation. Thus, tax efficiency is
another important benefit of holding assets overseas. This does not mean that
you can avoid taxes altogether. There may be tax liability when trying to
retrieve your assets to your country of residence.
Asset Protection is another one of the main benefits offered by offshore
banking services. Holding offshore accounts gives you protection from Invasive
bureaucracy, lawsuits, and it also protects your assets from seizures.
Why Should I Consider Lloyds Offshore Banking?
When you invest with Lloyds Offshore Private Banking, you will receive personal
service from a dedicated relationship manager. Lloyds experienced investment
team is based in the Channel Islands. This offshore bank uses a disciplined
approach to ensure that their portfolios have a balanced selection of
investments at all times.
Lloyds has an excellent network of accounts, and legal framework with an
assortment of financial and legal advisors. With offices in Jersey and
Guernsey, we operate from two of the leading offshore centers in the world.
The offshore banking services Lloyds offshore bank provides are of the highest
levels of discretion. They have an understanding of a clients special banking
needs and are committed to delivering the best in personal service. Lloyds also
have offshore banks in the Channel Islands, and the Isle of Man, with offices in
Dubai, Hong Kong, and Miami.
You will have the support of a professional team experienced in helping Lloyds
offshore banking customers, make the most of financial opportunities available.
With a Lloyds offshore banking account, you will be able to:
- View your banking and loan accounts.
- Join 98% of customers who say internet banking saves time.
- Pay bills online.
Banking online is a convenient way to check your balances and transactions,
view your statements, and transfer money between accounts.
Lloyds offshore banking has employees who specialize in servicing the needs of
private customers who are not residents of the UK, and who will benefit most
from Lloyds offshore banking and investment services.
Lloyds offshore is also able to assist with financial service requirements of
those who are residents in the Cannel Islands or the Isle of Man, but most
services of their offshore bank do not apply to UK residents. If other
international citizens who want access to one of the premier British bank,
Lloyds offshore banking division is a great option to explore.
Each Lloyds offshore banking client is assigned an advisor who will get to know
the customer and their needs. They will do everything possible to assure that
their needs are carried out to the letter. This assures the highest quality of
personalized customer service. Private banking is wonderful for customers who
don't have time or the inclination to manage investment assets or would rather
have an expert guide their decisions.
Lloyds offshore banking also has a range of offshore funds including, gilt
funds, income generating funds, money funds, money market accounts. The latter
fall into categories, fixed term, and instant access, are two of the types of
money market accounts available.
Finally, Lloyds offshore banking offers, expert financial services, and wealth
and portfolio management. Lloyds offshore division has unlimited access to the
service and advantages of the whole of Lloyds.
There are really so many reasons you should open a Lloyds offshore banking
account. If you are thinking of opening an offshore account at all, make sure
you include Lloyds offshore banks in your research. You will see Lloyds is
among the finest offshore banks you will find.
Tell Me About Offshore Stock Trading And Online Banking?
When you are thinking about offshore stock trading and online banking you might
consider The Commonwealth of Dominica. Dominica offers one of the best tax
havens, and offer offshore banking and asset protection in total secrecy.
Dominica has some of the newest offshore legislation in the world and is more
advanced than most other jurisdictions, technologically.
All offshore bank accounts will be opened in the name of your offshore company,
with help from their law offices and Dominica's new company formation process.
Your International Business Company will be incorporated with the documents
sent back to you by courier within a few days. You may have bearer shares with
only one director of your company for incorporation.
You will also have your choice of offshore banks in 5 jurisdictions, including
Dominica, for offshore stock trading and online banking. You will have internet
access to your account from anywhere in the world. You will also receive free
brokerage account documents as part of your account package.
Why should you choose an offshore stock trading, online banking, offshore
company in Dominica? You will need only one director and one shareholder to get
you registered as a company, director and shareholder can be the same person. A
company secretary is not required by law. Bearer shares and non par value
shares are allowed. There is no limitation to the value of Share Capitol and
incorporation and annual fees are not dependant upon the Share Capital amount.
The annual fee is due on the day the company was incorporated. Share capital
can be in any currency, and the State guarantees tax exemption for a minimum of
20 years. Annual shareholder meetings can be held in any country in the world
and there is no need to come to Dominica to incorporate your company or conduct
business.
You should choose Offshore Company in Dominica because there are no taxation
treaties with other countries so there is no need to exchange information with
other tax authorities. You will be able to choose from a wide variety of names
for your new company. Dominica offers the lowest prices on the market for IBC
incorporations and offshore services. Significant discounts are available for
clients who buy package services. You can incorporate online and pay online
with Visa, Master Card, Discover or American Express; if you want to remain
anonymous, you can pay by Western Union, Wire Transfer, or Money Gram. There is
also an option to pay by wire transfer.
The process of incorporation with Dominica will not take more than 24 hours.
Your company will be incorporated with the Government Agent with years of
experience in offshore services. You will incorporate a company from the
country of origin, there will be no middle man. This will save you money and
make all of your business activities confidential. If you are serious about
becoming incorporated in Dominica, you will be able to choose from many
packages they offer for offshore stock trading and online banking.
Tell Me About Mauritus Offshore Banking
The HSBC Bank located in Mauritius offer offshore multi-currency accounts, high
yielding personal and fixed term accounts in all major currencies including the
US dollar, UK Pound Sterling, the Euro, and the South African Rand. Accrued
interest is free of withholding tax. Tiered interest rate schedule with rates
adjusted periodically. The HSBC electronic banking system delivers the highest
quality international money transmission services. The latest banking
technology is implemented and includes communications and payment systems
allowing for fast identification and credit of remittances in all major
currencies.
HSBC offers a comprehensive range of trade finance facilities and services.
These services cater to the needs of offshore trading companies (see the
website for details). Mauritius offshore banking offers a wide range of
multicurrency corporate lending services, including bills discounting,
syndicated and cross-border loans, project and capital finance, and short to
medium term finance.
Barclays Offshore Banking Unit in Mauritius is a full branch of Barclays Bank
Plc, United Kingdom. Barclays Mauritius, maintains about 2500 corporate and
personal accounts. Bank services include international inward and outward
payments, interest bearing call accounts, structured investments, currency,
multi-currency check books, foreign exchange and custody services.
The Hong Kong Shanghai Banking Corporation offshore banking unit, in Mauritius,
operates as a branch of the Hong Kong Shanghai Banking Limited and as a member
of the HSBC group. Services include personal banking, trade finance, corporate
and investment banking, electronic banking, cash management, treasury and
foreign exchange and securities custody and clearing services.
These Mauritius Offshore Banking Units have departments with people who are
familiar with all of your personal and professional banking needs. They will
take away some of the confusion by helping you choose the account package that
is right for you. There are fees for these services but they are usually
modest. Mauritius also has affiliates in the Seychelles. Their partners are
Barclays and Nouvobang. Many of their clients bank with Barclays in the Isle of
Man, and in London. The Barclays group has been in commercial banking for over
300 years and have a strong credit rating and a worldwide reputation for its
vast range of services. In Luxembourg they work with Dexia Banque
Internationale a Luxembourg SA. This is a full service bank started in 1865
with a multi-national staff. They specialize in the needs of businesses for
confidential banking. In Switzerland they work with many banks, including Union
Bank of Switzerland.
The fact is that you will be able to choose which bank you want to work with.
You can research each bank and what they have to offer in the way of offshore
banking accounts. When you choose the right offshore bank you may be able to
customize the perfect offshore bank account package for your situation. A
Mauritius offshore banking account may be just the account you have been
looking for to serve all of your personal and professional needs. As you can
see, there are many Mauritius banks to choose from so you will have an array of
bank account packages to choose from.
What IsS Offshore Stock Trading And Online Banking?
When you think of making an investment, you want the best return possible. You
might find an investment that does well for a while and then takes a drastic
down-turn. Investments can be a bit risky, but who ever got anywhere by not
taking a chance. There are investments available that regularly return between
30% and more than 100%.
Where can you find these investments and be sure they are not scams. You may
want to seek out an investment advisor that has a proven track record. Trident
Press is one of the best. Trident Press publishes information on the 150 best
investments in the world. Many of these investments allow you to invest as
little as $1000.
Hundreds of hours are spent tracking down the best investments in the world.
Information is gleaned from top brokers and analysts. Only the best investments
are included in the information from Trident press. Many of these investments
have to do with offshore stock trading.
Here are a few of the tips you will find in the High Yield Investment
Books -- volumes 1 and 2.
- The best investment fund in the world -- well over 100% pa.
- Over 40 fund investments with returns of over 50%.
- Offshore Brokers who will protect your privacy.
- Hong Kong fund returning over 100% pa.
- Private Swiss Annuities.
- Buying Real Estate at a big discount.
These books are also available as an e-book.
Offshore stock trading and online banking would be a great asset to your
finances. Foreign countries that are favorable for investment have certain laws
that will give an advantage to an investor. These laws take the form of local
no-tax or low-tax on investment income, no matter the investors place of
residence.
Everyone wants a good return on their investment, one such investment is the
Momentum Assetmaster Fund. This London hedge fund was started in 1991 and has
averaged 12.54% yearly upturn since it started. Cuttyhunk Fund Ltd. was started
in 1997, and has never had a loss, returns have been 21% annually. These are
only two of the many offshore stock trading and online banking investment.
Offshore stock trading and online banking has many benefits. Tax planning and
estate planning are a couple of positive benefits. You can invest offshore and
onshore, the choice is yours. Many offshore banks offer stock portfolios for
your investment needs, online.
The Dominican Republic offers fixed income and growth investments. You will not
need to travel there to invest. You can use your home computer or phone the
online banks. Do not use your home phone, use a public phone and a calling card
to prevent theft.
The main reasons to having offshore stock investments are:
Asset Protection -- Protects against claims from bankruptcy creditors, and other
people having an interest in your money.
Estate planning -- Saving investment income and long term benefits on a
favorable tax basis.
There are so many reasons you should invest in offshore stock trading and
online banking.
