Tag: offshore bank account
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The Top 50 Banks for Offshore Banking
Offshore banking has long been associated with financial privacy, tax optimization, and asset protection. In recent years, it has gained popularity among individuals and businesses seeking to diversify their financial portfolios and secure their wealth. With a multitude of options available, it’s crucial to choose the right offshore bank to meet your specific needs. In…
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How much do you really know about offshore banking?
Skipton International has launched a quiz which aims to inform people about offshore savings. The quiz, which is hosted on the Skipton International website, tests savers’ knowledge of offshore banking, with answers explaining what an offshore account is, who can have one, and how someone can open one. Typical reasons for opening an offshore account…
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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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Offshore Bank Account For Mid-Size Clients
[box type=”info” style=”rounded”]BREDER SUASSO Sets New Standard In International Banking – Launches The First Offshore Bank Account For Mid-Size Clients With A Minimum Deposit Requirement, both private and corporate offshore accounts for corporations registered in any of the major offshore jurisdictions, such as Panama, Hong Kong, UK, Belize, BVI, Seychelles, and as fast as 72…
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What is FATCA?
FATCA, or the Foreign Account Tax Compliance Act was passed as part of the HIRE act of 2010. Designed to take United States tax compliance beyond the borders of the United States and into foreign territories to prevent the loss of potential billions of dollars in tax revenue, FATCA tightens compliancy standards and increases transparency…
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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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What are the IRS reporting requirements for an offshore account?
Most major countries impose taxes on the worldwide income of their permanent residents. Thus, you must report earnings from an offshore bank, securities or other financial account as you would any other income on your tax return. Some countries additionally require you to report the existence of offshore accounts; notably, the United States and Canada.…
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Liquidity Crisis
Hurricane Ivan ripped through the Cayman Islands at 150 miles an hour. I saw it on television with Bootstrap McDoogle. “No, no, no,” he said, sticking his head into his hands. “No one likes hurricanes,” I told him, “but it’s an act of God.” He said, “My money is in an offshore bank account there…