Offshore banking is a bank account outside the country in which one reside. People who need these account for multiple reasons like tax proven, politic problem, or a variety of reasons.Offshore banking can protect their assets from own country lawsuits and bankruptcy, creditors and judgments, also use on tax saving and business expansion.
We continue to update this topic. Our interest is to give Client the best way to manage their asstes.how, where to and why to open an offshore bank account.We also discuss laws, definitions and meanings. We will review basic to advanced information in the free online book you will see below.
Offshore Banking pros and cons
offshore banking can be a perfectly legal way to make managing your money more convenient and flexible while you are abroad. In our guide, we discuss the pros and cons of offshore banking
Offshore Banking Pros:
Reasonable tax are welcome for all society, unfortunately today we see social wealth are wasting on unnecessary spend and getting increased tax rate day by day government apartment offer low efficiency service, so why we pay tax to do nothing?
Assets base on all labor result by person’s life, question is how you keep your assets under protect? , many west countries they have fully democratic law to support people’s property, but still some country can be happened any risk
Some government will do research and investigation they own territory’s people to know own Civilian’s financial condition, without your agreement or by political issue etc
as we know privacy law are getting strict day by day, but still not enough.
Current investment today are unlimited , keep assets in own country meaning high tax and inconvenience
Any country in some moment can happen any boycott or political event to prevent such accident there the best way is Offshore Banking
Offshore Banking Cons:
Potential lossing or bank bankrupt
Offshore banking is meaning you have undertaken law issued by other country which mean you have to carefully review every low condition , when bank bankrupt you are possibly losing your assets.
unsafe bank regulation
In normal condition your assets are under government regulation, they usually have saving protection or safety priority debt paying creditor.
Once you happened accident you and your family could be hardly reached your assets