Offshore Bank Accounts.
What is an offshore bank?
Offshore Banking Myths
What is bank account?
According to a study by consulting firm McKinsey and Company
published in January, 2007, the value of total global
financial assets, including equities, government and
corporate debt securities, and bank deposits, expanded to
$140 trillion in the 12 months to the end of 2005, an
increase of $7 trillion from a year earlier. That is a
growth rate of 5.3%.
There are no consolidated figures for the growth in offshore
assets - many jurisdictions simply don't release figures.
But for those that do, it is clear that the rate of increase
in banking, trust and fund assets dramatically outpaces
McKinsey's global figure. In Jersey, for instance, banking
assets were GBP159bn in December, 2004; by September, 2006,
they stood at GBP188bn. That is an annual growth rate of
10.2%, roughly double the global rate; and Jersey banking is
by no means untypical of offshore performance. Indeed some
other jurisdictions have shown higher growth rates; and fund
assets have grown faster even than banking ones.
With 'onshore' high-taxing countries chopping finer and
finer in order to remove tax loopholes, and imposing ever
more stringent anti-money-laundering rules, it is no
surprise that more and more people move their assets
offshore, if they are able to.
These type of facts, of course, are very rarely ever
reported by news and print media, or by the jurisdictions
that are frankly quite embarrassed by these astonishing
There is a
staggering amount of money in the world, and more and more
of it is in offshore jurisdictions.
Confidence in the safety and integrity of the Swiss
financial and judicial systems.
Switzerland has one of the most competitive economies in the
world. Physically it is a landlocked, independent country
strategically located at the heart of continental Western
Europe and measuring 16'000 square miles. It is bordered on
the west by France, on the north by Germany, on the east by
Austria and the principality of Liechtenstein, and on the
south by Italy. Switzerland has a uniquely large banking and
financial sector. The country, with its population of seven
million plus, is the fourth ranked financial center in the
world. German, French, and Italian are the official
languages in Switzerland. In most places in Switzerland
people use German, especially Zurich. In Geneva, French is
the primarily spoken language.
Switzerland is the world leader in banking and asset
protection sectors. It has been estimated that over 3
trillions of dollars being deposited in offshore Swiss
private accounts. This literally estimates to 35% of the
world's aggregated wealth.
The Swiss currency CHF (Swiss francs) is fully backed by
real gold bars, currently is the most stable currency and
historically will remain the worlds most premier currency.
Switzerland has the fourth largest gold reserves in the
world, after the EURO countries, the IME, and the US. Your
deposits is safe and secure in Switzerland. This may not had
hold true in other offshore places.
The banking system in Switzerland, is of world class one,
governed by the strictest bank secrecy laws in the world
with 100% confidentiality. There can never be disclosure in
cases of tax evasion, currency exchange violations, which
are not considered as crimes under Swiss law.
Switzerland is not a member of European Union and probably
the people never wanted to give up their currency, which has
a 'golden' value in international market.
There is no tax on foreign money and risk free investments
in the form of stocks, bonds and options.
Inflation rate remains very low in Switzerland.
Switzerland has not been at war with another country since
1505 . The foreign policy of Switzerland is neutral and
balanced. No perceived threats of war, escalating to
political instability, violence, financial crisis and
terrorist attacks on Switzerland. This is a very important
factor which differentiates Switzerland from other offshore
havens and thus for your safe money held in Switzerland.
The savings ratio, per capita income, low unemployment rate
There are about 400 banks in Switzerland and the biggest are
Credit Suisse and UBS having a network of offices in
Switzerland and abroad. A single bank can perform all
services like savings and loans, investments, Eurobonds,
stock, precious metals and most common, mutual funds. No
exchange controls or rules on holding foreign currencies.
Who can legally open and hold an offshore account?
Where should an offshore account be established? -
Who can benefit by putting their money offshore? -
Is it convenient to use offshore banks? -
What are some of the general advantages of banking offshore?
Do I have to pay income tax on income I've earned offshore?
How do I open and access an offshore bank account?
Is there any restrictions regarding citizenship? -
In which currencies can I open offshore account? -
What is the minimum deposit required to open an offshore
What documents are required for the opening of a bank
How long does it take to open a bank account? - Who will control my bank account?
Is my bank account guaranteed when I pay your fee? -
What happens, if a bank declines my account application?
Is offshore banking safe?
Am I guaranteed absolute privacy and confidentiality from an
offshore bank? -
Can I view my offshore accounts and investments online? -
Can I get cards to access my money with an offshore account?
What is saving account?
What is deposit account? -
What is current account? -
What is numbered account? -
What is bank secrecy? -
What is private banking?
We provide specialized consulting services to individuals and corporations conducting business internationally.
We will be happy to advise you on the appropriate instruments to choose and the best techniques to realize the
guarantee : if for any reason the bank will reject your
application we will give your money back.
Copyright © 2006-2016