The,Real,Truth,About,Offshore, finance, share, loan The Real Truth About Offshore Bank Accounts
If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
Have you ever joked about putting your money in a Swiss bankaccount? Haven't we all, at one time or another, thoughtabout how wonderful it would be to stash our cash somewhereoutside the country?Well, lots of North American entrepreneurs aren't justjoking about it, they're doing it. And in lots of otheroffshore locations besides Switzerland, too.Did you know that it's perfectly legal to put YOUR moneywherever you want? Traditionally, offshore bank accountshave only been an option for the very wealthy or for largemulti-national corporations, but that's changing. There arenow some real advantages for any entrepreneur to considerplacing at least a portion of their hard-earned cash inoffshore bank accounts.The first and most obvious reason to place your moneyoffshore is the substantial tax benefits. Many countries areunderstandably proud of their 'tax haven' status and secrecyprovisions, and have developed numerous user-friendlyfinancial vehicles to help entrepreneurs from all over theworld safeguard their money. In many cases, you are invitedto invest your money rather than just 'park' it, resultingin boosts to that country's economy - a welcome bonus forthe country, and a way for you to feel good about yourdecision to take your money offshore.Some offshore institutions even allow you to become a memberof an investment 'consortium' so that you have the ability,as a 'partner,' to invest your income and take advantage ofinternational fund investments to 'grow' your money whileit's there.There is a great deal of information and MIS-informationaround about offshore accounts, so the following list isjust an outline of a few of the issues you'll need toconsider as you research whether or not offshore banking isfor you.· Are the professional staff fluent in English? (You mayneed to communicate, and this IS about your money, afterall!)· Are there tax treaties with the US in place? (Read thefine print.)· What are the privacy or secrecy policies of theinstitution you are considering? (Many of them are NOTALLOWED, by law, to share your information with, forexample, the government of your country).· Does the institute provide credit cards or merchantaccounts? (Many foreign financial institutes do, andinclude a debit card, as well).· Does it require you to have an internationallyincorporated company in order to open an account?· If so, does the institution provide 'shelf companies' tochoose from? (Quite often, you can simply sign some forms tobecome the proud owner of a new, legal company, whichenables you to bank in that country).· Are Internet-based transactions available? (You'll wantto be able to monitor your account online - to check thecurrent status of investments, transfer funds, or justtrack your accumulating wealth)!Yes, it is possible to do business in a SECURE globalenvironment - and enjoy the tax breaks, and perhaps even ahealthy return on your investment - all from the comfort ofyour home in the good ol' U.S. of A.!
The,Real,Truth,About,Offshore,