Advice Offshore Personal Bank Account?

[On3]

Hi All,

I need some advice as to where and how to setup an offshore bank account or something similar.

My situation
I am an Australian and I will be moving to South Korea to work and I will be renting an apartment. The firm has informed me (other expats are doing) split my income into 2 bank accounts one local for taxes etc and the other offshore. The account has to be in my name.

I will be considering for a private ruling for non resident for tax purposes in Australia at the end of the year What do they consider for tax residency?

So I am after an account that doesn't report to Korea or Australia, but more so Australia if both isn't possible.

Thanks

 

[suzy]

You could simply use darks and EMI account for your tax free income account! Provide your firm with the IBAN account number for the darks account and you will have no troubles with the tax man.

Otherwise, open a Belize Company and EMI account as your second account and get your Money from the firm there, Again it will be tax free and it's easy to get the Money out 😉