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Offshore Banking

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Companies and individuals have decided to move to offshore jurisdictions in order to obtain even more protection, the benefits of offshore banking secrecy, enjoy duty-free economic environment and reduce risks and costs. For example, the owner of an offshore company gets the opportunity to invest in securities, including global best performing funds are not available to citizens of the country where the investor. For example, American officials are limited, not by law, but practically all of the most efficient in the world of offshore mutual funds, participating in collective investments. In developing countries where financial markets are underdeveloped There are several opportunities for investment, so it is quite natural that these investors are looking for opportunities elsewhere.

Offshore account holders to access a complete set of banking products, which may not be available in their countries and may not appear for several decades. Another valuable benefits associated with offshore banking is privacy, which is often an integral part of the planning risks. Investors often seek anonymity, while offshore banks usually means greater confidentiality of business strategy.

Asset protection is also an important factor. Offshore banking centers and tax havens tend to have very credible and robust financial sector, which over decades of successful work for them. Therefore, the reliability of offshore assets and greatly enjoyed immunity from arrest and harassment litigation.

Taxation issues are one of the most important things that investors take into account the transition from the shore. Offshore companies are generally exempt from paying taxes in the country and residents of offshore banking, are also taxed with a zero rate. Offshore banking centers and tax havens tend to have very liberalize the economy with minimal bureaucracy and low regulatory burden. This allows offshore companies to be very flexible and ideally meet the requirements of investors.

Thus the advantages of going offshore, it may be noted that the most important factors are the low tax burden, which is so rare in developed countries, the anonymity, which is in great demand at present, reliable and secure economic and political conditions that may be about which there is speech in underdeveloped countries, and a liberal economy, which brings enhanced flexibility for investors.

We review the best of our offshore banking business opportunity or investment purposes in the market and recommend those that are, in our opinion, is best suited to meet your specific needs. Currently, we offer offshore bank accounts of St. Vincent, Antigua, British Virgin Islands, Dominica, who are four countries in the Caribbean.

We also present a well established bank in Cyprus, the UK largest bank in the Isle of Man (temporary unavaliable) and banks in Austria and Livta and Latvia. All these banks have a compliment of offshore jurisdictions that we recommend for offshore companies and accounting of the trading company, a business account or investment account. They all meet the highest standards of confidentiality and security which are fundamental elements in the selection of the offshore zone.

All of the above banks are offering offshore debit cards. All the off-shore accounts can be opened by courier, and not have to pay a personal visit to the place.

List of documents required for opening a bank account for an offshore company:

  • Checking the permanent address (a recent electricity bill or other utility bill) for each signatory, director * * shareholder;
  • Bank application completed and signed;
  • Certified copy of certificate of registration (we will provide this);
  • A certified copy of Memorandum and Articles of Association (we'll provide it);
  • Identification of a certified copy of passport for each signatory, director *, shareholder *. Some banks may accept a certified copy of a national photo ID (eg driver's or national identity card);
  • A certificate from the bank all signatories, directors and shareholders *;
  • Board resolution which appoints the authorized signatories (we prepare it).

Banks, for which we are an agent or represent will not open accounts for offshore companies involved in the following activities:

  1. Companies that offer alternative payment systems, such as, E-Gold, e-cash, etc.
  2. Businesses that need to be licensed in accordance with international standards, but they do not like:
    • Broker Dealers
    • Mutual and Hedge Funds
    • Trusts
    • Security Exchanges
    • Insurance companies and brokers
    • Banks
    • Online casino
  3. Businesses that intend to raise funds or capital from the public, selling unregistered securities or MLM programs.
  4. Companies whose business:
    • Adult sites
    • Selling fake diplomas
    • Churches and charitable organizations.
Last Updated ( Sunday, 11 April 2010 23:55 )  






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