In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades.
And opening an offshore bank account in this day and age couldn't be simpler either! Here are five straightforward steps to take towards opening an offshore bank account.
Step One - Understand The Advantages Of Banking Offshore
There is no point in opening a bank account offshore if it is going to be of no use to you! So you need to understand some of the general advantages of banking offshore.
Depending on an individual account holder's personal circumstances it's possible to reduce tax liability, increase wealth potential and maximise privacy with the use of an offshore bank
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