Offshore bank accounts are those that are opened in banks located in countries or territories subject to little or no tax, known as tax havens or offshore jurisdictions. Their tax regime attracts numerous businessmen and investors from all over the world, who also want complete privacy and anonymity. Most of these territories enjoy strict bank secrecy protected by law.
The jurisdictions that offer the best advantages for open an offshore bank account or for form offshore companies are Panama, Belize, Hong Kong, Jersey, Guernsey or Isle of Man. Ask us about the complete list of jurisdictions where to register and invest.
Each filtering bag aspects of offshore bank accounts are:
-Offshore bank accounts are tax free for individuals and non-resident companies, thus reducing the tax burden, since you save on paying taxes
-They benefit from strict banking and commercial secrecy established by law. It is punishable by imprisonment if bank secrecy is breached. These jurisdictions do not usually sign tax information exchange treaties with high taxation countries.
-There is little banking regulation in these territories, although they are jurisdictions with great political and economic stability, which are committed to tranquility and security, to avoid capital flight. There are no exchange controls and there is great freedom in the movement of goods
-Few requirements are required for opening an offshore bank account. They offer customer service, advice and account management in various languages: Spanish, English, French, German, Russian and Chinese, 24 hours a day, 365 days a year.
At Foster Swiss, international private banking tax consultants, we recommend open an offshore bank account, an ideal option for the protection of assets and the search for security and Privacy. Pay less taxes and get more benefits.
Settle in jurisdictions where Banking secrecy, freedom of movement and enjoy low bank and incorporation costs.
For more information on aspects of offshore bank accounts, write U.S.
International Private Banking Consultants
Specialists in International Taxation and Offshore Companies