What Is Offshore Banking
- Thread starter JohnLocke
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As soon as something illegal is going on there you get troubles. This apply for onshore and offshore banks!
Long time not reading about all my options, I still own an old Seychelles company banking I lost because I didn't renewed the company on time! Now I read lots about Belize, Bahamas and Mauritius offshore banking. This seems to be an good alternative to Cyprus banking.
Thank you, great share really. May I ask what is it you are looking for at an offshore bank to make sure they an be trusted and that you get your money when you request it?
How can you avoid the bank to start a review of your accounts so they will put your money on hold?
How can you avoid the bank to start a review of your accounts so they will put your money on hold?
Yeah if you want something else than Cyprus you can go with a Belize bank otherwise you can just open an account in all 3 countries so you get covered in case something should happen with one bank you can switch to the next.
You keep the ball low, means you don't start moving in or out high amounts but get started slowly.
when you consider an offshore bank account you want to make sure that the bank has it's own swift code and they provide fast Internet banking in English. I have just seen something that was terrible bad from an bank in the Caribbean total crap.
I have not seen any interest to be paid for holding an account anywhere in any offshore jurisdiction yet. The whole thing is that the banks earn on people that want their money to stick on their bank and they know it.
You can't contact any of the banks directly in Cyprus for account opening you need to find an introducer for this purpose. They will
According to Forbes, more than half of the global assets are in offshore jurisdictions. Even with the tightening tax laws, you are at serious advantage of tax reduction. Apart from that, offshore banking offers benefits such as asset protection and confidentiality. Investor also gets to invest in multiple currencies. Those are the simple points I summed up after reading several guides here. Correct me if I am wrong.
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