Category: Offshore Banks
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Foreign Financial Account for Gains and Accumulations of Capital Offshore
The Only Type of Foreign Financial Account that U.S. Individuals can use for Gains and Accumulations of Capital Offshore. Construct legally a tax compliant IRC 402(b) retirement plan in a way that is optically good for U.S. Persons so they are relaxed, they are U.S. Tax and reporting compliant and the bulk of their contributions…
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It’s about to become much easier to open a bank account in Hong Kong
It all started with 9/11. After the twin towers fell in 2001, the US government sprang into action to wage the global war on terrorism. Within days following the attack, Congress pushed through the USA PATRIOT Act, providing unprecedented authority to the US federal government. The legislation also gave several government agencies sweeping powers over…
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Offshore Savings Account
Skipton International, as of Friday 17 June, launched a new 1-year fixed product (offshore savings account) with one of the most competitive rates in the offshore market. The new bond which matures 30 June 2017, offers an interest rate of 1.40% AER and is open to new and existing customers. Managing Director Jim Coupe said,…
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Best Offshore Account
Skipton International won the Best Offshore Account provider category at the 2016 Moneyfacts Awards this week. This is the 3rd time Skipton International has won a Moneyfacts Award – one of the most prestigious awards in the finance industry. The Moneyfacts Awards involve an independent assessment of personal finance products with input from IFAs. [box type=”note”]Skipton…
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Offshore investments: Is it all that evil?
Panama Papers incident has demonised offshore investments Offshore investing has recently been demonised in the media, thanks to the release of the so-called Panama Papers. This case paints a picture of investors stashing their money with some illegal company located in an obscure location where the tax rate is next to nothing. While it’s true…
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How to open an offshore account
It’s a US Treasury, IRS and FATCA approved path which has been created to open an offshore account which has unlimited rights to global investment choices. Your US Trustee maintains your reporting and US Tax Compliance. There is no need for you to report to the IRS as the Trustee reports annually on your behalf…
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What’s Ailing the Largest Global Banks
Below is the latest KBRA comment on the travails affecting the largest global banks. Global capital levels are at the highest levels ever, but investor confidence in the big banks is at an all time low. Over a century ago, J.P. Morgan told a congressional hearing that commercial credit is not based upon money or…
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Three critical ways an offshore bank can protect you
Let’s take a moment to compare the offshore world today to before the Global Financial Crisis struck roughly eight years ago. In this short period of time, US federal government debt has DOUBLED. The Federal Reserve now holds $2.4 trillion of that debt, up from $479 billion. Interest rates, which were between 2-4%, are today…