| First of all, we have to define what
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| | residence, if you need to visit your bank
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| offshore banking is:
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| | frequently. To keep your account
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| Offshore Banking is having a bank account
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| | confidential it may be wise to travel
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| in a country where you are not a
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| | indirectly to your chosen tax haven.
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| resident. Normally this would be in a tax
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| | Offshore banking can be found all around
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| haven (a country that has low taxes or no
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| | the world. Maybe you will find a bank in
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| taxation). Because of the word
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| | country where you would like to vacation.
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| "offshore" you would think that only
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| | The Caribbean Islands have many offshore
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| remote islands are offering this type of
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| | banks. Asian countries such as Hong Kong
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| banking. In reality even the USA and
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| | and Singapore have taxation based on
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| Canada can be offshore tax haven for you
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| | territoriality only taxing persons and
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| depending on your country of residence
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| | corporations on business actually done in
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| and nationality.
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| | the country. Both are major financial
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| Why Bank Offshore?
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| | centers with world class business
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| For people living in a politically or
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| | facilities.
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| financially unstable country banking
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| | Depending on the services you require the
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| offshore will allow them to keep their
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| | initial bank deposit could be only $500
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| hard earned money in a safe place. One
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| | but may reach $500,000.00 if you desire
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| way to lower your taxes is re-invoicing
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| | private banking services.
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| using an offshore corporation.
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| | Most offshore banks have web sites where
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| Some of the other advantages of offshore
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| | you can see the services they provide.
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| banking are:
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| | Look for a downloadable application form.
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| - Low taxes or no taxes at all. Avoid tax
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| | Read it carefully and check what
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| rate increases in your home country.
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| | documents need to be submitted with your
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| - Higher interest rates are often
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| | application. Some documents may need to
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| available due to non-existent corporate
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| | be notarized.
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| taxes.
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| | Some offshore banks are stricter in
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| - Possibility of investments that may not
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| | compliance of KYC regulations and may
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| be available in your home country.
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| | require more documentation than others.
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| - Anonymous accounts and strict privacy
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| | Some banks may want you to appear in
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| and bank secrecy laws will keep your
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| | person to open the account.
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| banking confidential. Increase the level
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| | We've already done the hard work for you
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| of protection by having an offshore
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| | by sorting through many sources of
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| corporation.
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| | information; discover which countries
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| - Asset protection.
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| | provide offshore banking by visiting
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| How to get the offshore bank account?
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| | Offshore Banking
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| First make a list of banking services you
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| | Summary:
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| need. Then check carefully the background
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| | Do you want to lower your taxes? Keep
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| of the banks in the various offshore
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| | your assets confidential? Enjoy more
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| banking havens. Take into consideration
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| | freedom! Then find out why offshore
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| the distance from your country of
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| | banking is what you are looking for.
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