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Offshore bank accounts.
Smart people around the world today are moving their assets offshore: why
do they make this move?
There are many
reasons; some are tired of the situation in
their home country, to broaden career prospects, protect their privacy, secure their assets and
minimize taxation.
Why do people move assets offshore?
Because governments
exist to collect and increase taxes: you have no control over future tax rates,
or currency devaluation that can destroy your savings, you can take charge of your future by accumulating wealth
offshore.
Regain your
Personal Privacy.
Every day your personal data is collected by federal; state and
local governments, census, credit bureaus, insurance and financial
institutions.
Records held include tax returns; licenses, business registrations, marital
status, real estate deeds, court documents,
credit reports, phone records, medical histories, insurance applications.
Limited Legal Protection
Government has now achieved total knowledge of your assets;
you the rightful owner of this information have no control over
how this data is collected or revealed, governments now actually sell your
private information for a fee.
Your private information is not private: your assets are easily
detected as target for law suits, damages, professional
negligence and nuisance suits, retirement alone cannot protect you from
future lawsuits.
Secure your assets
Not convinced that offshore financial planning is right for you;
one example is why risk government appropriating your estate, there is no guarantee unwarranted future disputes may deprive your family or heirs
of their inheritance.
Retirement
Being retired cannot protect you from future
lawsuits; companies or individuals may decide to sue you in the future; offshore financial planning
can stop people gaining easy access to your personal and private
financial information.
Selecting an Offshore Bank
Pay competitive interest rates without
withholding tax deductions: choice of Euro, UK pounds, US dollar offshore accounts,
be able to fulfil all your day to day banking
needs, available 24/7
for Internet banking.
Your first choice should be an offshore bank is located in
a country where banking, business and tax laws offer confidentiality, anonymity,
plus favourable tax treatment essential for your retirement needs.
Setting up financial arrangements offshore to shelter your
assets; your estate planning for the future income will result in greater
peace of mind.
Singapore for example in common with many
offshore financial centres grants exemption of tax on interest on bank
deposits, foreign income earned by individuals.
Share dividends received on
non-Singaporeans securities are exempt from Singapore taxes with no
capital gains tax nor estate duty on bank deposits and investments....[go
to Singapore taxation details]
Offshore
banking is an important financial tool for tax planning for both
individuals and companies usually not available in your country of
residence.
Reducing your tax and securing your assets are legitimate and perfectly legal;
in fact it is the duty of care required of all company directors to reduce
tax and improve profits.
[Compare other countries tax rates]
It is sound financial decision by individuals and companies
to use offshore banking as an financial tool for tax planning as a part of their overall financial strategy.
Each
country has its own requirements for reporting and paying taxes on income
earned overseas: tax advantages vary between host
countries with offshore banking facilities.
Nations with
offshore banking facilities have strict confidentiality requirements:
these differ between countries so location
will depend on the type of assets you hold, or will be acquiring, and your
individual goals.
[learn how moving assets offshore can protect
your privacy].
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