Category: Offshore Banks
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Low-Tax European Company Formation With Guaranteed Bank Account Now Available
The term ‘low-tax’ is seldom used in conjunction with any non-offshore European jurisdiction – and yet having a company based and operational from within the European Union is highly desirable for many reasons and for many businesses. For example, if you deal with clients, distributors, suppliers or resellers in Europe, they will prefer to be…
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Abbey International reduces minimum balance for Fixed Deposit Contracts
Abbey International, the Jersey based offshore bank has reduced the minimum balance requirement on its 12 and 18 month Fixed Deposit Contracts to £50,000, making these popular accounts significantly more accessible to a wider audience of offshore clients. Currently, a fixed rate of 3.10% gross/AER is offered over 18 months, with 3.00%gross/AER payable over 12…
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There are Three Reasons Why it is Better to Invest Offshore
There are three basic reasons why investing offshore is typically better than investment in an individual’s country of origin. These reasons are a higher rate of return on investment, lower taxation, and less paperwork Offshore investments typically provide a higher rate of return on investment, lower overall taxation, and less cumbersome regulation than investment in…
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Why Go Offshore With Your Savings and Banking?
Offshore Savings Accounts Can Offer Valuable Tax Savings ST PETER PORT, Guernsey, April 30, 2010 – Each year, according to the Institute of Public Policy Research (IPPR), around 400,000 UK nationals move abroad to work or retire. Opening an offshore savings account could bring significant tax benefits once they cease being UK residents for tax…
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Offshore Credit Cards
One of the problems most investors come across once they have moved offshore is how to repatriate their offshore funds. Sending wires directly back to your home bank account could involve dangerous invasions of privacy, whereas physically going to your offshore bank and withdrawing cash may also breach customs restrictions and invite the risk of…
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Expat Explorer Returns Again in 2010
Calling Expats Everywhere – Make Sure You Have Your Say! LONDON, April 27, 2010 – This week marks the official launch of Expat Explorer – the largest global survey of expats – where expats from all over the world can have their say about life as an expat and the challenges and opportunities they face…
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Global Problem for Bank Workers
UNI Global Union: Bank workers Demand Their Rights at Demonstration in Frankfurt [box]”Fair Banking Advice? Fair Working Conditions? NOW!”[/box] European bank workers demonstrated in front of the headquarters of the European Central Bank in Frankfurt this past week to call for a radical change in the sales practices of financial service providers. UNI Finance Global…
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IFC International Newslinks
UBS Client Pleads Guilty to Tax Fraud A wealthy client of the Swiss bank UBS pleaded guilty on Monday to tax fraud, the ninth American caught up in an investigation of the bank’s offshore private banking services, The New York Times’s Lynnley Browning reports. The bank client, Harry Abrahamsen, of Oradell, N.J., pleaded guilty in…
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Impact Of Tax Amnesties On Offshore Financial Services
A new report provides detailed analysis of the Finance and Banking market This report introduces Datamonitor’s proprietary Tax Amnesty Assessment Index. It is a quantifiable assessment framework of 15 criteria, grouped within five critical amnesty conditions, that can be used by offshore banks to determine the likely impact of any announced amnesty on their assets…