OFFSHORE BANK ACCOUNT DEFINITION

OFFSHORE BANK ACCOUNT DEFINITION

OFFSHORE BANK ACCOUNT OPENING AND OFFSHORE BANK ACCOUNT DEFINITION COSTS

An offshore account is by definition an account opened in a bank outside the country of residence of an account holder, in a territory considered a tax haven with extraterritorial privileges within the offshore bank country location.

An offshore bank account is not dedicated for the wealthy or tax evaders this type of financial service even being abroad operates in a similar way to a bank located in the county residence of the account holder with the same quality of services, it is therefore not a question of hiding money there or of carrying out hidden financial arrangements, but rather of benefiting from tax and legal advantages.

An offshore bank account unlike accounts held by an individual, the one held by a legal person (or company) does not have always to be declared, which is why some fraudsters hide behind an offshore company serving only as a screen.

Opening an offshore bank account can be also motivated by various reasons, most often professional and some countries allow the opening of a bank account to non-residents in order to attract foreign capital.

An offshore account opening process requirement reflects the same process as in “non-tax-havens countries”, the holder must provide proof of identity and residence (less than 3 months) and the cost of opening the account varies from a hundred to a few thousand US dollars per beneficiary; also depending on the banks, a minimum deposit may be required and in order to fight against tax evasion, many banks now ask the holder to physically present themselves when opening the account.

OVERSEAS BANK ACCOUNT   OFFSHORE BANK ACCOUNT   ANONYMOUS BANK ACCOUNT   FOR US CITIZEN   DECLARING AN ACCOUNT   GERMANY   FOR BRITISH CITIZEN   FOR EXPATRIATE   NO MINIMUM DEPOSIT   FOR RETIREE   FOR STUDENT   IBAN NUMBER   PANAMA    LUXEMBOURG   SWITZERLAND   ANDORRA   ANGUILLA   ANTIGUA   BAHAMAS   ARUBA   BAHRAIN BERMUDA   VIRGING ISLANDS   CAYMAN ISLANDS   COOK ISLANDS   CYPRUS   DOMINICA   GIBRALTAR   GRENADA   GUERNSEY   ISLE OF MAN   JERSEY   MALTA   MARSHALL ISLANDS   MONTSERRAT   NAURU   CURAÇAO   ST. KITTS & NEVIS    NIUE   SAMOA   SAN MARINO    SEYCHELLES   ST. LUCIA    ST. VINCENT GRENADINES    TURKS CAICOS   U.S VIRGIN ISLANDS    VANUATU    MAURITIUS   AUSTRALIA   SOUTH-AFRICA   UK   MONACO   DUBAI   BELIZE   IRS   LIECHTENSTEIN   DISCLOSURE OF ACCOUNT   LIST OFFSHORE BANKS   FOR INDIVIDUAL   FOR BUSINESS   ONLINE ACCOUNT   SINGAPORE   LIST OF TAX HAVENS   FOREX TRADING ACCOUNT   BITCOIN OFFSHORE ACCOUNT   IS IT LEGAL ?   ADVANTAGES   INCONVENIENTS   LOAN AGAINST INHERITANCE   TYPES OF ACCOUNTS   COMPTE OFFSHORE   COMPTE ANONYME   POUR FRANÇAIS   DÉCLARATION COMPTE   ALLEMAGNE   SINGAPOUR   POUR SANS PAPIER   EXPATRIÉ   FRONTALIER   RETRAITÉ   ÉTUDIANT   POUR FONCTIONNAIRE   PANAMA    POURQUOI OUVRIR UN COMPTE?   EST-CE LÉGAL   AVANTAGES   INCONVÉNIENTS   TYPES DE COMPTES   LISTE DES PARADIS FISCAUX   COMPTE FICP    INTERDIT BANCAIRE   AVEC POURSUITES   POUR FICHÉ BNB   COMPTE LUXEMBOURG   SUISSE   ANDORRE   ÎLE MAURICE   ESPAGNE   ITALIE   COMPTE BELGIQUE   LIECHTENSTEIN   COMPTE SANS RIBA   LISTE DES BANQUES OFFSHORE   PRÊT SUR HÉRITAGE   COMPTE LONDRES   POUR PARTICULIER   POUR ENTREPRISE   EN LIGNE   POUR NON RÉSIDENT   MONACO   FRANCE POUR NON-RÉSIDENT