Though there exists misconceptions about offshore bank accounts some of which are completely outrageous, the truth of the matter is that setting up an offshore bank account accords you a…
Most people associate offshore bank account with financial sophistication. The reality is that any person, including one with average financial might, can engage in offshore banking and open a bank…
A tax haven specifically refers to a state, a territory or a country that on a national level, taxes are not levied and if they are levied at all, the rate…
Financial sophistication is what offshore banking has come to be synonymous with. The fallacious belief that offshore accounts are a preserve of the filthy rich not to forget those engaged…
The fallacious belief and largely shared misconception is that opening an offshore bank account is about tax evasion. However, this couldn’t be further from the truth. The tumbling down of…
An offshore account specifically refers to a bank account that is opened in a country other than that of the owner/depositor. An offshore account is usually held in a jurisdiction…
Essentially, offshore bank accounts are generally opened under the name of offshore corporations or companies. The idea behind this is to basically increase privacy to the beneficial owner where the…