Opening Offshore Bank Account Online, Safe, Legal & Anonymous Offshore Banking

by Elliot Clark on August 14, 2010

There are many reasons to open an Lloyds Offshore Bank Account In Sterling, US dollars or Euros online. The most important one I guess is related to saving on taxes. Another quite important issue that cannot be disregarded concerns the liability. Though, the laws differ from a tax haven to another still in many offshore centers offshore banking limits your creditor’s access to your financial means. And finally, safety and secrecy of your funds is also an important consideration.

While the majority think that offshore banking is actually an underground activity that is not quite true. Offshore banking is really legitimate. However, it works on different principle than ordinary banking activity. So, if you open a bank account in US the bank reports your income to the IRS. This does not happen in offshore jurisdictions. Your financial affairs and transactions remain private. This is done absolutely legally.

Still, you should keep in mind that if your main motivation for opening offshore bank account online is driven by an illegal act and though you will manage to ensure that your money will stay far away, you could still be charged with tax evasion. So there are some risks to consider. Additionally, there can be another risk that you have to consider. In some countries money deposited in a bank is insured by the government, like for example in the USA, not all offshore jurisdictions give the same insurance.

A general perception about offshore banking is that it is only for the very rich people. Not quite true. Ordinary people Opening Offshore Bank Account, Offshore Bankingare also eligible for opening offshore bank account online. The main thing in this context is that for opening offshore bank account online there is a requirement regarding the minimum deposit. It varies from bank to bank.

You can opt for different tax haven jurisdictions. In Europe I guess Swiss banks are the most famous. But there are other offshore jurisdictions here such as Luxembourg, Malta, Monaco, Ireland, Andorra etc. In the Caribbean region there are such tax havens as Panama, Antigua and Barbuda, Barbados, Cayman Islands, Bahamas, Belize, Anguilla and Bermuda. In Asia Singapore and Hon Kong are the biggest.

Wherever you open an offshore bank account you should remember that offshore banking is an international business and there is no need “to visit” your money as there is for example online offshore banking. So you can handle any transaction and manage your financial means via Internet.

It is very easy to open an Lloyds Offshore Bank Account In Sterling, US dollars or Euros online. You can do it in minutes. Usually you have to fill in an application form and send also some additional documents.

{ 1 comment }

joaquim desousa November 29, 2010 at 11:54 am

we want to open a bank account in cayman island/ also set up a trust company register in caymand island doing buisness in usa in real estate/please email us and let us know if you can assit us

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