Tax avoidance is legal. Tax evasion is crime.

Tax “avoidance” – something which is contrary to the intention of Parliament – legal but morally questionable.

Well the main and obvious reason that most people are drawn to tax havens, is simple the lower or potentially non-existent tax laws that exist in the tax haven are better than the ones in your own country. Many wealthy people enjoy the prospect of paying less taxes, after all you worked hard for that money, it is unfair for someone to come and claim a large portion of your hard earned revenue earned through your hard work.

Many people whom are interested in hiding their funds from their home country for what ever reason that may be would also reap the benefits of a tax haven, due to the fact that they practice financial secrecy, meaning they do not need to provide financial record to a foreign country. Financial secrecy of course can be circumvented by foreign authorities if certain criteria are not met, such as the person whose financial records are in question were to get arrested in the country that is requesting financial documents.

As already told it’s allows you to legally evade taxes or to earn more interest or to save your money.

Offshore accounts also allow us to legally avoide taxes. You often hear about people who have accounts abroad in order to evade taxes, whether in Switzerland, Andorra or any other country. This may lead us to believe that depositing money in offshore accounts is illegal, when in reality in most cases this is not true.

Although evading taxes is not a good solution, nor we encourage, especially considering the automatic exchange of tax data information between countries or TIEA – FATCA – Foreign Account Tax Compliance Act. If you always up to date with your taxe book, account management it´s likely that; sooner or later someone will discover what you were hiding and where. But that doesn´t mean that we cannot try to avoid taxes by following and within what the limitation of laws. Increasingly high taxes and complicated regulations lead citizens around the world as they look for an alternatives that; allow them to save some of their hard earned money.

Or may be because you are planning open another bank account to secure your assets or to move to that country and need an account from which to pay your local bills, manage daily expenses. May be because you are intending to invest in a real estate in that country and need an account into which to receive your payments and again from which to pay related expenses or taxes.

If you are intending to live or retire, either full or part-time, in your chosen overseas , to state the obvious, that is the place where you need a bank account. In this case, you are talking about a personal or individual account.

Same goes if you are purchasing a rental property in another country. You will need a personal operating account to support that investment. If the investment you plan is in a business, then you may need a corporate or business account. Maybe already you own business and want to make transfer or online payment without being monitored by the authority of the country of your origin or want to avoid high taxes or if there any fund transfer.

Other possible reasons for an individual to open a bank account in tax haven would be for insurance purposes, we know with our experience most of you have a some of money you just for emergency purposes. In an area where there is no tax or low

you can collect interest it is a win-win situation, your emergency cash can just sit and grow securely if that is what you desire. An individual could also put money away for loved ones in the event of any unavoidable circumstances or in your absence, if this is the case your money would not be taxed when you are to pass on.

Consider following and then decide whether you should contact us about setting up an offshore bank account or company account appropriately structured to suit your exact requirements:

Confiscation
You live and work in a civilised country, your money is in one of the leading nationalised banks, apparently protected by a some sort of depositor protection scheme, you have a distinctly home country bias when it comes to money matters, owning your own home and having a few savings accounts and investments dotted about nationally.

But if yours is a nation in the developed or under developed country, everyone knows it has a shaky economy mired in deep debt, political unrest and it has banks with toxic assets, some of which have failed already. At best your country may have an underfunded investor protection scheme, at the worst it has an insolvent one. So when the economy starts to sink again economically, because it will, or there is a run on the financial institutions, your home country bias could cost you everything what you have saved so far.

Following already established international precedents your bank could limit or even prevent you from withdrawing your funds, your government could confiscate your savings, your bank could go bust and any depositor protection funds could fall drastically short or there will be huge shortage of cash

Through New Generation Banking System or online banking technology. Any kind of  transfer, investment or even the opening or closing of various accounts can be handled in a matter of minutes via the Internet form anywhere in the globe. You actually need not to visit your offshore bank frequently.

Kindly contact “Offshore Tax Heaven & Worldwide Immigration” (OTHWI) for advice on how to open the most effective and easiest offshore bank account, company formation, immigration or a second passport now.

Yes, we have agreements with offshore banks where we obtain client’s signatures and verify their authenticity. However, all the information and documents required by the bank will have to be provided by the client.

The standard set of (IBC) documentation (if properly certified by notary and legalized by Apostille) will usually satisfy the formal requirements of most banks, insofar the internal structure and set-up of the company itself is concerned. However, as indicated above, in order to open a bank account for an offshore company, the most important aspect is the profile of the actual owners and controllers of the company, their business and area of operation etc.

Please feel free to contact us for more detailed information on your specific banking requirements.

This is as much a political issue, economic and constitutional question as a matter of tax insight. However there appear to be three broad historical reasons behind this.

First, because of; every sovereign country is allowed to set its own taxation system and regulations. This is a fundamental principle right of international relations. One country should not be allowed to set the tax rates of another. Even colonies gained almost total control over their taxation systems as the idea developed that; they should be expected to evolve toward independence.

Second, because if; ignoring the first point; these countries were not allowed to attract financial services business, many of them would need development aid for themselves. The recent hurricanes in the Caribbean have shown just how impoverished some of these countries would be without a financial services industry or aids.

And third; and possibly most probably, because International Financial Centre (IFCs) play an important role in the world economy without which a lot of international trade would not take place.