Offshore Bank Accounts & Banking Services

Am I allowed to keep my UK account open?  Should I open a current account in my new country?  Is an offshore bank account a consideration for me?  How can I simplify and streamline everything?  These are the most common questions expats ask – and today in our simple guide to sorting your bank account out when you move abroad we’re going to cut through the flannel and tell you exactly how it is!

In other words, we’ll show you how you can easily manage your money when you move abroad – whether you plan on living in the sun for the rest of your life, you’re working abroad for a while or you want to travel and see whether the expat life is for you.

You will see and read conflicting advice and information on a myriad of expatriate and money sites – but if you want the truth about what is and is not allowed, and you want practical advice from those who have been through the dilemmas you’re now facing, read on…

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British banks were bailed out to the tune of billions of pounds worth of taxpayers’ hard earned revenue – and the bail out has arguably left the country bankrupt.  The new government coalition (the ConDems!) are doing what they can to fill the black hole in the economy, but it’s akin to shedding tears to fill an ocean.

The latest news is that they’re thinking of levying a charge against trades done by British listed banks in an effort to raise billions of pounds worth of tax income – but guess what, the British banks are now all set to go offshore to avoid as much of this charge as is possible.  So if banks can go offshore, why shouldn’t you follow?

The fact of the matter is, the banks that are going to be able to best avoid this charge have trading books centred elsewhere in the world – so if you’re an expatriate whose life is centred elsewhere in the world, you too can potentially go offshore to legitimately avoid taxation in the UK.  So, if the banks are doing it, why aren’t you?  In this report we look at the moral and legal implications of going offshore…

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An offshore bank account used to be the sort of tax-enhanced money management solution utilised only by the rich, famous or rather dodgy individual – but nowadays with the likes of high street banking giants HSBC promoting the benefits of offshore bank accounts, it seems that everyone wants one.  But is an offshore bank account of use to everyone?

The answer is absolutely not – however, an offshore bank account is of use to the average expat – and in this report we’ll show you why.  So, if you’re living abroad, you have property overseas, you’re retired abroad or your work takes you around the world, an offshore bank account could be a highly useful tool in your money management arsenal.

Forget what you’ve heard or read about offshore banking being all about tax avoidance, today such an account is all about the international efficient management of money.  In this report we will detail why many expats should bank offshore and how you can get your hands on an offshore bank account to suit your needs.

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