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In: Company Formation, Going Offshore

By definition, an offshore corporation is outside the legal jurisdiction of the country where its primary operations are located. Therefore, if you’re looking for a method to protect your finances from a volatile market, going global and incorporating your company in an offshore jurisdiction could be a viable solution. Take note that in order to be considered an offshore, your business needs to satisfy several criteria, such as: It must not conduct trade with the country it incorporates. It must incorporate itself outside the jurisdiction in which it conducts operations. It must pay the tax expenses/fees required by the countryRead More →

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In: Going Offshore, Offshore Banking

For many experienced industry leaders, setting up offshore companies is the norm. By doing so, such leaders are able to develop better platforms for the provision of services, for the protection of investments and for the development of more versatile business portfolios. When setting up an offshore company, it is also logical to set up offshore business accounts. However the set up of offshore business accounts is not limited to offshore companies, and many onshore companies also do this as part of the development of their business portfolios. The value of offshore banking If you conduct business internationally, you willRead More →

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In: Going Offshore, Offshore Banking, Offshore Investing

You have just landed a job in a foreign country and in a few weeks time, you and your family members have to relocate to the new workstation. Under the new environment, it is probable that you won’t have gathered enough information regarding the merits of off-shoring your finances. After all, most governments discourage their citizens who work onshore from investing in foreign countries. Rather, they encourage them to invest inwards. There are numerous reasons for this. For one, the government encourages its citizens to honor their reporting responsibilities, especially when it comes to taxes. The reason for this isRead More →

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In: Bahamas, Going Offshore

When you hear someone say “Bahamas” the first thing that comes to mind is beautiful beaches and the roar of the ocean. While Bahamas is one of the key holiday destinations for people who are intent on soaking up some sun, there is more to the Bahamas than this. Financial service in Bahamas Bahamas has a very well developed and mature financial services structure and key in this is the provision of offshore banking and financial services. While there is a plethora of commercial banks in the Bahamas, the focus is on all aspects of financial services including insurance, mutualRead More →

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In: Offshore Banking

There is no need to use the numerous middlemen websites that may be found using a search engine. Even the slick-looking ones are mostly fake. More and more banks are offering direct offshore bank accounts. Simply compile a list of banks in the country of interest and visit their websites. Opening an offshore bank account is similar to opening one on your main street; match their requirements, and you’re in. The only difference is that you are not present in person. 1. Is your country accepted? The first step is to determine whether they will accept your country’s citizens orRead More →

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In: Going Offshore, Offshore Banking

If you are an expatriate, chances are you would have set up a local bank account in your current country of residence, and that you conduct your current financial transactions from this bank account. In most countries, banking services now include internet banking which has become the best means of accessing your account, paying your bills, making investments and gaining access to a host of other financial services from the comfort of your home. Tips about internet banking security If internet banking is new to you, there are some very important tips that you may find useful to also ensureRead More →