Best countries to open an offshore bank account

We often hear about the offshore accounts in the news or in movies, because they try to hide the money for criminal reasons, which generally use these accounts, so they do not get caught in their nonsense. But it is not all, an offshore bank account. Indeed, an offshore bank account means saving tax dollars and some may be other reasons behind it. Just because someone has a bank account outside the country, does not mean they are a robber or a member of the mafia.

But there are some legal consequences, and some things that must remain vigilant. One of these things is the fact that it is not legal for a U.S. citizen to open an offshore bank account. Of course, you can use your money for the protection of creditors, or by high taxes, but you can even in difficulties. That is the way some people convicted of tax evasion, but it is very possible that the long arm of the law can not be reached your offshore account.

Another risk is that your money is not the protection of the government. Your money is subject to the laws of the country it is in. This means that a coup or some accounting system could occur that would cause you lose all your money. That is, if you even have to ask which country you want to open your offshore account in. If you choose to Switzerland, Bermuda, the Bahamas, or caymans? This is certainly a difficult decision.

Best countries

First of all, you do not need to be rich to an offshore bank account. Second of all, you need not be present to open it, and you do not have a visit to the bank at any time during the account. For example:

-- If you open an account in Switzerland, you can download it via e-mail or in person if you are in the country. Swiss bank accounts are very secret, and that is the reason why so many choose. They work much as U.S. banks and keep some private matters such as divorce private. Switzerland does not change their laws under U.S. pressure, as some other countries do.

-- Opening of an offshore account in Bermuda, it is not necessary that you be present at the bank. The account actually can be opened in the mail, along with proof of identity. Many of their banks are known to offer their customers around the world and this has offshore banking in Bermuda very popular.

-- The Bahamas is also known for its secrecy because of their privacy is protected. This makes offshore banking in the Bahamas is a major business. They are also compatible with international laws, with attractive incentives for their bankers.

-- Caimans are also one of the best because of the similarity with a U.S. bank account. So it is possible to keep your identity secret. The caimans not encourage tax evasion, but they do not report, deposits in the accounts or interest derived from deposits.

As safe

Offshore banks do not report your income to the IRS as U.S. banks do, give it an honour. This means that to get back to you with your income, but to change the laws, regulations and other factors could lead to the question, if you are not in accordance with the law in their own country. But offshore accounts to keep private and keep learning from your affairs. That is the reason why these accounts are so popular among people around the world.