| While you might presume anyone with
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| | investing - your funds will be pooled
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| 'money in offshore accounts' is involved
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| | with those of other investors' and used
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| in some scurrilous business affairs, the
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| | to buy international currency at
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| truth is that anyone can use this form of
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| | wholesale rates. Your shares will be
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| investment as a totally legitimate way to
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| | exposed to the vagaries of international
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| defer or reduce your tax payments.
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| | exchange rates, and this can be a
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| Locations for offshore accounts can be
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| | nerve-wrackingly unpredictable way to
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| held in banks in British waters - the
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| | invest abroad.
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| Channel Islands or Isle of Man for
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| | More and more people are choosing to buy
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| example, or you could look further afield
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| | property abroad - whether as future dream
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| to the Republic of Ireland or Luxembourg.
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| | retirement home or as profit making
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| As with other investments, there are
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| | venture. In Eastern Europe and the Middle
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| different ways to send your money abroad,
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| | East you can pick up property for
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| with different levels of risk attached.
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| | remarkably low prices - developments and
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| Some of the benefits include current
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| | agencies advertise in the property
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| accounts with higher levels of interest -
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| | sections of newspapers, and websites
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| check out the high street banks, many of
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| | abound. While this could prove a sound
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| which offer offshore instant access
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| | long-term way of investing, there are
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| accounts. These are a relatively safe way
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| | numerous things to take into account -
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| to invest. There are also 'notice'
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| | the stability of a country's economy,
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| savings accounts which can yield
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| | complicated legal agreements and the cost
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| exceptionally high rates of interest.
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| | of travel to and from the property are
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| You may choose to put money into an
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| | major factors.
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| offshore investment fund, which is
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| | Different countries operate wildly
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| similar to the normal onshore type, only
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| | different property law, and you will need
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| you usually find that you pay a
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| | to get sound advice on all the
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| performance related fee to your fund
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| | implications before buying abroad. Check
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| manager. This could mean that they have
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| | things like inheritance law - for
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| more incentive to make sure your money is
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| | example, in France, there are obstacles
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| working hard for you. Check investment
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| | to simply leaving property to named
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| companies like Schroders and Gartmore for
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| | recipients in your will. If you do buy
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| this type of fund.
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| | abroad, you will probably find it useful
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| Money funds are a high risk form of
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| | to open a multi-currency account.
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