How to Open an Offshore Account
Offshore account - an account with a credit institution registered in a preferential tax zone, i.e. an offshore zone.
In most cases, offshore accounts of private investors or companies engaged in international trade are not opened in banks established somewhere in the remote island territories, but in representative offices of major financial institutions with a global reputation, which have their subsidiaries in the necessary jurisdiction. Such services are provided, for example, by many UK banks, such as Barclays, NatWest and others. You will receive help and advice from Prifinance.
In addition, it is possible to open an offshore account with a local bank. But in this case it should be assumed that the registration of a credit institution in a number of free zones is significantly simplified and controlled to a much lesser extent than in ordinary countries. Thus, it is relatively easy to open a small bank in Antigua, Dominica, Belize. In other words, one should take seriously the reliability checks of such credit institutions.
In order to use international tax planning schemes, it is important to have or not an agreement between the offshore State and the country from which the capital comes. For example, in a number of offshore areas, it is legally prohibited to provide anyone with information about customers and their money. Such countries traditionally include Switzerland, the Caribbean islands, etc. At the same time, bank secrecy will be unambiguously revealed if the account is involved in a serious crime such as money laundering. On the other hand, if an account is opened with a first-class English bank, there is no guarantee that the owner's details will not be provided to the law enforcement or tax authorities.
To date, as a result of the fight against terrorism, offshore accounts have not been opened anonymously. This operation will require a foreign passport for an individual and a full set of documents for the company.