Banking in the Seychelles is governed by the Financial Institutions Act 1984 as amended in 1995. Licences are issued by the Offshore Banking Department of the Central Bank and are granted only to companies incorporated under the Companies Act 1972 or foreign companies which have registered under the Companies Act.
These are the banks doing business [...]
Entries Tagged as 'Offshore Bank'
Offshore Banks Licensed in British Virgin Islands
August 26th, 2009 · No Comments · Offshore Banking
British virgin island is a major offshore centre. Banks in the island offer offshore bank accounts. The government provides offshore company registration services.
Some of the the banks licensed by the government and operating an office in the British virgin islands are.
ATU General Trust (British Virgin Island) Limited
(“ATU”) is a fully licensed Trust company established [...]
Tags:Asset Management Services·Bank Of East Asia·Bank Of Nova Scotia·British Virgin Island·British Virgin Islands·Caribbean International·Commercial Banking Services·Company Registration Services·Corporate Banking Services·Fiduciary Services·Financial Service Providers·General Trust·International Banking Services·International Banks·Offshore Bank·Offshore Banks·Offshore Centre·Offshore Company·Vp Bank·Wealth Management Services
Currency Diversification Strategy
August 5th, 2009 · No Comments · Uncategorized
Currency diversification is spreading your investment across different global currencies such as sterling pound, yen and the Euro.
Reason for currency diversification
For decades, the U.S. dollar has been losing value in relation to stronger currencies. For instance, in 1970, a U.S. dollar would purchase approximately 4.5 Swiss francs. In September 2003, the dollar purchased only 1.4 [...]
Tags:Currency Diversification·Decades·Diversification Strategy·Euro Currency·Foreign Currencies·Global Currencies·Interest Rate·Investor·Investors·Money·Offshore Bank·Offshore Banks·Reason·Sterling Pound·Swiss Francs·Yen
How To Reduce Taxes By Banking Money Offshore
July 23rd, 2009 · No Comments · Offshore Banking
Offshore banking provides an investor an opportunity to reduce his tax liabilities in his home country.
Offshore banking could have tax benefits, as interest earned on offshore account could be paid without tax being deducted. And if you were to transfer your current savings and investments offshore, you may also be in a position [...]
Tags:Benefit From·Capital Gains Tax·Cayman Islands·Global Income·Income Sources·Investor·Money Talk·Offshore Account·Offshore Bank·Offshore Banking·Offshore Centres·Offshore Companies·Savings And Investments·Subsidiaries·Subsidiary·Tax Jurisdiction·Tax Liabilities·Tax Liability·Taxation·Usa Companies
Numbered Account Explained : Swiss Offshore Account
July 22nd, 2009 · No Comments · Uncategorized
Numbered bank accounts are offered by Swiss banks. This mean the owner of the bank account is identified by the special number rather than his/her name. The number gives the owner some level of anonymity.
Typically the account will also have a codename attached to it for the convenience of both the banker and customer. This [...]
Tags:Anonymity·Bank Accounts·Bank Statements·Confidentiality·Confusion·Convenience·Need To Know Basis·Numbered account·Offshore Account·Offshore Accounts·Offshore Bank·Small Group·Swiss Account·Swiss Bank·Swiss Banks
