Daily Investment Tips

Switzerland offshore centre has offshore banks licensed and supervised by the swiss government.

The economy of Switzerland is one of the world’s most stable economies. Its policy of long-term monetary security and bank secrecy has made Switzerland a safe haven for investors, creating an economy that is increasingly dependent on a steady tide of foreign investment.

To open a bank account a depositor is given a special number that acts as your ID. The bank accounts are known as numbered accounts.

For a full list of of banks in switzerland follow this link

Switzerland offshore banks.

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Isle of man offshore centres offers offshore bank accounts. Today there are more than 50 banks operating on the Isle of Man.

Major international banks operating in Isle of Man

These banks include Barclays, IMerrill Lynch, Lloyd’s and HSBC, to name just a few.

Advantage & Benefit of Isle of Man offshore

Strict privacy – The island is well known for the high degree of privacy given to bank customers, provided there is no criminal activity involved.

Isle of Man Taxes

The island does not levy any capital gains tax, wealth tax, stamp duty, death duty or inheritance tax.

Bank fees & bank charges on the Isle of Man

The bank charges a depositor pays depends on the type of bank account the more feature you need the more you pay.

Isle of man offshore Trust formation

Investors can incorporate everything from trust establishment and operation to managing the underlying companies or assets of the trust

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Cyprus offshore centre was popular as a centre for the establishment of offshore companies until the cyprus joined the European Union back in 2004. E.U regulation and scrutiny has made it more expensive to operate a company from Cyprus.

Cyprus is still one of the few European tax free or low tax jurisdiction.

Cost of Opening a Cyprus Bank account

1. A depositor will have to raise the minimum deposit depending on the offshore bank.
2. Normal business transaction fees.

Advantages of Cyprus Offshore Centre Bank Accounts

1. Tax levels are competitive when compared to non tax havens within europe.
2. Secrecy for offshore bank accounts for international business companies registered elsewhere.
3. It is a secure location to set up an offshore bank account because of a stable central government.
4. Personal and company taxes can be low in Cyprus particularly for IBC and retired expatriates.

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Offshore investment is investing money in a jurisdiction or country that is different from the jurisdiction or country that the depositor or investor resides in.

Major Advantage of Offshore investment

The main advantage of offshore investments is the tax advantage. Offshore investments returns are taxed between a low rate to a zero rate depending on the jurisdiction.

Major Offshore investment centres

Cayman Island, Bahamas, Bermuda, Jersey

Minimum deposit in setting up an offshore investment

This depends on the jurisdiction and the manager of the funds. With some managers and some types of accounts it is possible to start off with a deposit of $1,000, while other managers will require minimum $500,000.

Documents required in opening an offshore investment

Most offshore centres will require your identification documents such as your authenticated passport (must be current and valid) and one/two copy of your most recent utility bill to prove your current residency.

Choosing a safe offshore centre

A safe offshore centre should offer investors prudent, sound regulations in place geared towards safeguarding the deposits and maintaining their confidentiality. A respect for rule of law.

Talk to your financial advisor on how start investing offshore.

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