To bank offshore or onshore what is best?

[orangeye]

Say I have a offshore company but pay my personal income tax as usual but only interested in my privacy due to the nature of my business, would it be a wise decission to bank onshore?


I've been looking at the rates and fees the different offshore banks offer and I must say honestly, that's a "ripp-off" it seems they know that the majority of their clients are fraud one way or another and just take as much money as they can as it is possible.


So may reason should be clear to go onshore. What do you think?

 

[JohnLocke]

You can bank in Cyprus or the Seychelles, the latter you can do personally the first we recommend you to incorporate a Seychelles company(non EU entiry) to protect your privacy.

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[nastathin]

Offshore banking is best for privacy I'm damn sure about that 🙂