By opening offshore bank account, people can save their assets and money from local creditors and heavy taxation. Read more visit: http://www.act-offshore.com/

1. Benefits of Holding an Offshore Bank Account
An individual owning a bank account in an offshore nation is said to be involved in offshore banking.
The term most commonly used for personalized form of banking that provide personal attention to
every account holder. offshore centers are located in jurisdiction that provide tax benefits to the foreign
clients. The countries classified as tax-haven are called jurisdictions. These countries have a self-
governing legal structure that provide corporate and banking benefits to foreign investors.
Offshore banking has become a trend in banking sector. Millions of individuals and corporations are
involved in this form of banking today. Due to the benefits of banking in offshore nation, it has become
better way to manage wealth. Sometimes, overseas banking is perceived as technique of money
laundering and tax evasion. But this is not true. Rather, it is an easy way for managing your wealth and
enjoying tax benefits of tax-haven nation.
Why offshore banking?
Why an individual choose banking services of a foreign nation to manage their wealth? Answer to lies
in benefits of offshore banking:
• Asset protection: Different people own different type of assets which they want to protect from
domestic government and greedy creditors. These banks provide protection to any kind of asset
related to family, real estate, insurance, precious metals, money or businesses by providing
privacy to their client's information.
• Confidentiality: These banks are strictly abandoned to disclose client's information in public.
Thus, people can now save their money from local creditors and unstable lawsuits. In this way,
people can save their money from local creditors. Banks reveal information in case of any
criminal or legal issue.
• Tax benefits: Self-regulated legislature of jurisdictions provide banking services to foreign
investors with reduced taxes. Some countries also provide attractive incentive for foreign
investors. Client need to pay no or lower taxes as compared to their home nation. This is
beneficial for both foreign banks and client. By this, foreign countries get inbound flow of
foreign money and client can escape from heavy taxations of their home nation.
• Convenience: Accessing your bank account is quite easy. Sitting in home country, account
holder can use electronic means to access their bank accounts, wire transfer for fund exchange.
Funds in these account can be deposited and transacted in multi-currency form.
• Higher interest rates: Most of the people own an offshore bank account to enjoy better interest
rates as compare to domestic banks. Interest rates in these banks set up by country's self-
regulating government especially to attract foreign investors and to get inflow of foreign
currency.
For opening an offshore bank account, you need to be careful to select the most suitable jurisdiction
and bank. There are many tax-haven financial centers and banks located in them. But to select one of
them, consider the legal flexibility of jurisdiction and international reputation of bank. Bank account
opening process can be done from home country. Client need not to physically visit the bank in person.

2. Clients can contact the bank through internet and give their requirements. After a short duration, you
will be owning a bank account.
Act-offshore is one of the leading offshore service providers. They assist clients in selection of suitable
jurisdiction and carry out whole process of offshore bank account opening with ease. Visit us at
www.act-offshore.com.
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