Citibank Offshore Banking

The global banking giant Citibank is in the planning and development stages for the creation of a far more sophisticated series of personal banking services aimed specifically at both British expatriates and international investors.

Citibank offshore banking services in London and Jersey in the Channel Islands are about to become more refined with the addition of superior taxation planning facilities for expatriate and international banking clients.  What this means is that the financial institution will be able to offer their clients far more in terms of additional personal banking assistance than many better known offshore banking brands such as HSBC Offshore for example.

Most British expatriates selecting an offshore bank account tend to favour what they consider to be home grown or well known international brands such as Barclays Bank or HSBC – but because the number of expatriates and international investors is growing and the requirement for offshore banking services is increasing, Citibank want to play a more significant part in the provision of offshore banking facilities to such account holders.

Citibank therefore understands that if it is to take a significant chunk of the offshore personal banking business pie, it needs to offer more services and better service levels than rival banks.  To that end, as stated, they are in the process of developing and creating superior personal offshore banking services that will be available to their international clientele.

Among the personal banking services to be offered are a sophisticated package of tax planning benefits to enable clients to not only understand their long term and global tax position, but to allow them to position themselves and their assets appropriately for the maximum mitigation of their personal taxation burden.

Specific focus will be placed on personal taxation planning and inheritance tax planning as well general estate planning for maximum lifetime tax benefit.  As part of the process of developing the new brand and indeed re-branding to a certain extent, Citibank offshore banking has taken the name Citibank International Personal Bank.  Their aim is to be the best provider of personal banking programs to expatriate and international customers, and they strongly believe that taxation planning should form a significant basis of the advice they give and the overall service that they provide.

Specifically from an expatriate’s point of view, knowing that you have a single, qualified adviser on your side, taking care of your assets, your finances and your international and lifetime tax planning is likely to be an incredible weight of your mind - and we believe that if Citibank offshore banking advisers live up to the challenge they are setting themselves, the bank will be very successful in attracting and retaining the loyalty of British expatriate and international investor clients.