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Offshore Banking a Definition
What is offshore banking all about? Can anyone have an offshore bank account? What’s the point of going offshore?
Published in: Offshore Banking - Mon, August 29, 2011
In financial services the term ‘offshore’ comes originally from the Channel Islands, which are off shore from mainland Britain. These Crown Dependencies have always maintained certain fiscal and taxation autonomy to the United Kingdom, and were among the first jurisdictions to be referred to as offshore financial centres.
Today there are about 70 offshore financial centres in the world, as defined by the likes of the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD). However, if you choose to bank in any jurisdiction other than the one in which you’re living, yours could be considered an offshore bank account.
Banking offshore has many potential benefits; particularly for certain demographic groups such as expatriates for example. Others who may benefit include those seeking flexible company bank accounts, those seeking privacy of their assets and transactions, and anyone who requires an international account.
Different Types of Offshore Bank Accounts
Published in: Offshore Banking
Mon, August 29, 2011
Explaining the differences between all the main types of offshore bank accounts available – from multi-currency accounts to premier accounts, from private bank accounts to offshore company accounts.
Advantages and Disadvantages of Offshore Banking
Published in: Offshore Banking
Mon, August 29, 2011
An in depth look at all the advantages and disadvantages associated with banking, saving, investing and ‘going’ offshore to enable your decision making about whether an offshore bank account is right for you.
Is Offshore Banking Illegal or Immoral
Published in: Offshore Banking
Mon, August 29, 2011
If you’ve ever wondered why some people believe offshore banking is immoral we explore the argument, we also explain why it’s not illegal to have an offshore bank account, and how you may be able to benefit from one.
Offshore Banking and the EU Savings Tax Directive
Published in: Offshore Banking
Mon, August 29, 2011
A guide to how the EU Savings Tax Directive impacts on expats living in one European nation and who have interest bearing offshore bank accounts in another EU member state.
Choosing the Best Offshore Bank Account
Published in: Offshore Banking
Mon, August 29, 2011
Because so many banks in so many jurisdictions offer offshore or international bank accounts nowadays, ensuring you choose the right one for your needs is critical. We guide you through the criteria you need to apply to your research.
Offshore Company Bank Account
Published in: Offshore Banking
Mon, August 29, 2011
Offshore company bank accounts can be suitable for personal and business banking, they can be opened for onshore or offshore companies, and even those bankrupt in another nation can potentially open one of these flexible bank accounts.
Do Expats Need an Offshore Bank Account?
Published in: Offshore Banking
Mon, August 29, 2011
Getting back to basics: how do expats begin managing their money when they move abroad, and what are their options. What’s the difference between an offshore and an international bank account and where do offshore savings and investments come in to play?
How to Open an Offshore Bank Account
Published in: Offshore Banking
Mon, August 29, 2011
Everything you need to know about opening an offshore or international bank account – from understanding the EU Savings Tax Directive to ensuring you get the right account for your needs.
Offshore Finance Guides
Offshore Banking
Offshore banking explained. What it really is, who can benefit from having an offshore bank account, advantages and disadvantages of offshore banking.
Offshore Saving
Introducing offshore saving and investment products, services and solutions for expatriates and showing expats how they can get better interest rates offshore
Offshore Asset Protection
Identifying offshore asset protection solutions for those who live, work, invest or own property abroad
Offshore Trusts
Explaining how offshore trusts are structured and how they can be utilised for offshore asset protection purposes for example
Offshore Business
Exploring offshore business matters such as offshore company incorporation and how to use an IBC
Offshore Tax Havens
Examining offshore tax havens, their regulatory environments, and the investment, saving and banking opportunities available therein
Expatriate Tax
Highlighting expatriate tax rules and regulations and helping those living abroad to understand their expatriate tax status
Why We Recommend HSBC Bank International To Expatriates
Like you, at Shelter Offshore we take expatriate financial security very seriously.
HSBC bank International has over 40 years experience in helping individuals to protect and grow their wealth in the secure offshore jurisdiction of Jersey, one of the World's most respected and well regulated financial centres.
Along with a wide range of offshore services and products, they also offer expert advice to expats in key locations throughout the world.
For more info about HSBC Bank International's offshore services click here!