Banking

Off Shore Banking

Off Shore Banking

What is it? Banking in a country you don’t have residency in. For most “havens,” if you have income generated “off shore” there is no tax to be paid on that income. Before you make a commitment, be sure to check each one to see what the tax implications are. Some countries have been excellent in the past, but have now changed their positions with regard to the USA and TIEAs. Also good planning to have your LLC or IBC in a different country from where you live AND from where you bank is.

Is it for You?

Could be, depends upon your goals and plans. Choose your country wisely, many have no or low tax requirements for off shore corporations — LLCs and IBCs →. Some off shore banks require your physical presence to open the accounts, some don’t.  Some require a notarized copy of your passport, some just require a government ID or  Driver’s License, perhaps a utility or other bill to your address. Each country has it’s own specific requirements. Another VERY important thing to remember is NEVER put all your eggs in one basket; use several bank accounts in different countries, where you can hold your funds in various currency types — never keep it all in just one. Also, silver, gold and other precious metals will be good for getting what you want. We have contacts for private banking in the following countries:

  • Andorra
  • Chile
  • Belize
  • Guatemala
  • Gibralter
  • Mongolia
  • Monaco

Don’t forget about residency! It’s a great way to provide asset protection. Ask us about residency programs! Here is a good list of  “havens”  and with whom they share TIEAs (Tax Information Exchange Agreements): (as of September 2012)

Andorra
Anguilla
Bahamas
Belize
Cook Islands
Guatemala
Guernsey
Hong Kong
Isle of Man
Jersey
Lichtenstein
Luxembourg
Monaco
Panama
Nevis Saint Kitts
Saint Vincent Grenadines
San Marino
Seychelles
Singapore
Switzerland

 

CONTACT US NOW FOR PROFESSIONAL ACTION IN OBTAINING:

  • OFFSHORE BANK ACCOUNTS

  • OFFSHORE BROKERAGE ACCOUNTS

  • OFFSHORE TRUST SETUP

  • OFFSHORE LLC/CORP/IBC SET UP

  • SELF-DIRECTED IRA

  • THIRD PARTY DESIGNEE SERVICE

  • MAIL DROP SERVICE

  • PROFESSIONAL TAX SERVICES

  • ACCOUNTING SERVICES

Email: admin@expatglobalventures.com and Dagny will get you connected to the right people for the right situation! Totally confidential and tailored to YOUR circumstances! Contact us NOW!

Leave a Reply

You must be logged in to post a comment.

Disclaimer: We do not give tax nor legal advice. The following information is offered only as a point of view. You are encouraged to evaluate this information and act according to your own reasoning and conclusions. Because we encourage independent thought and personal responsibility, we do not accept credit nor liability for the use or misuse of this information.