Choosing the right bank account can be a daunting process when placing your money offshore. The main reason for going offshore in the first instance is to enjoy the tax-free returns, the high level of investor protection and for some the most important key factor – confidentiality.
Offshore Banking offers the international investor an environment where he/she can manage his/her affairs in the most efficient manner possible. It is likely that you require a local account in the country in which you live for day-to-day or business costs. However, the bulk of your capital is better served offshore. Most accounts have the same facilities like Visa, DD or standing orders etc but you should be careful on your selection for business services. When you are an expatriate or you have overseas business interests it makes financial sense to place your funds offshore and finding the right bank or building society requires effort.
Contact one of our fully qualified advisers today for personal advice on the options available to you.