Hello guys,
Can you please help me to understand clearly about offshore bank account.
1. Is it better to pay someone to help to create an offshore bank account or i could open it myself without any issues?
2. About taxes. So if you are from US and open an offshore bank account in another country, you paying taxes for US or for the country where the bank and your business is? Let's say US taxes are 30% and in Seychelles it's 20%, so if you have bank account and business in Seychelles, you paying 30% or 20% taxes?
I have seen some members saying that having offshore bank account is tax free?
Thanks in advance
Can you please help me to understand clearly about offshore bank account.
1. Is it better to pay someone to help to create an offshore bank account or i could open it myself without any issues?
2. About taxes. So if you are from US and open an offshore bank account in another country, you paying taxes for US or for the country where the bank and your business is? Let's say US taxes are 30% and in Seychelles it's 20%, so if you have bank account and business in Seychelles, you paying 30% or 20% taxes?
I have seen some members saying that having offshore bank account is tax free?
Thanks in advance