Cheap offshore banking

[Italkcash Newsfeed]

Most people think is is very expensive to operate an offshore bank account. But it depends on the jurisdiction. Switzerland, Liechtenstein and Luxemburg has always been the highclass banking jurisdiction. Yes they are not cheap but you know what you get and the service level is very high. But there are also cheap offshore banks in the alps. Swissquote is a good choice for private customers looking for low price banking.

Outside Europe i would suggest some of the banks in Dubai. Dubai could be the new financial banking center for high networth individuals and they do not deliver information to European or US government tax agencies.


Doc Offshore

[rucideuz]

Yes, alot of high profile people in my country have bank accounts in Switzerland.

Converting your money's worth into that of offshore bank's might be an issue here.. value of money, and exhange rate

[kongsiwang]

Originally Posted by Doc_offshore

Most people think is is very expensive to operate an offshore bank account. But it depends on the jurisdiction. Switzerland, Liechtenstein and Luxemburg has always been the highclass banking jurisdiction. Yes they are not cheap but you know what you get and the service level is very high. But there are also cheap offshore banks in the alps. Swissquote is a good choice for private customers looking for low price banking.

Outside Europe i would suggest some of the banks in Dubai. Dubai could be the new financial banking center for high networth individuals and they do not deliver information to European or US government tax agencies.


Doc Offshore

Can you suggest one of best the Dubai Bank???? I need to know since they do not deliver information to government tax agencies

[dadido]

I see that you speak about Europe and Asia and you forgot America, but I want you ask for a thing, have it an offshore bank in Africa ?

[alpha1]

I knew about Banca Re Mida

www.bancaremida.com

but I am not sure...

They have administrative office at Dubai but central office at Mogadiscio (Somalia).

It might be risky...

You should try to inform yourself from them.

I thought until some days ago to open an account in their bank, but reading more news I knew that Africa is risky for this kind of activities


Let me know...

Best.

alpha1

[Offshore]

Dubai Law of Offshore

Meanwhile, in February 2005, Dubai Financial Services Authority (DFSA) signed two memoranda of understanding with the Isle of Man's Financial Supervision Commission and Insurance and Pensions Authority. (UK)

The two agreements aim to provide a framework for the provision of mutual assistance and information exchange between the two jurisdictions with regard to cross-border transactions. In addition, the agreements are designed to improve compliance, thereby helping to prevent money laundering and fraud.

Similar agreements have since been signed with a raft of jurisdictions, including Egypt, Germany, Greece, Guernsey, Iceland, Jersey, Luxembourg, New Zealand, the Netherlands, Malaysia, South Korea, Switzerland, and the United States.

They have agreements with the US, UK, the Swiss and Germany. All the countries giving up the info.

www.panamabrokerage.info

[Rupert Mackenzie]

I found out that LLoyds TSB offers very good (cheap) conditions on its offshore bank account.

[Nordia Tracey]

im very new in investment and lack in good financial strategy, im realy seeking that strong financial intelligence to move forward. what should i do?

[Offshore]

Originally Posted by kongsiwang

Can you suggest one of best the Dubai Bank???? I need to know since they do not deliver information to government tax agencies

The Central Bank rules issued by the Securities and Commodities Authority of the UAE, the settlement of transactions amounting to more than Dh40,000 is required to be properly documented, and the identity of the investor verified. So much for privacy.
The DFSA had signed two memoranda of understanding with the Isle of Man's Financial Supervision Commission and Insurance and Pensions Authority.
Besides, you are going to pop up on a lot of radar screens regarding terrorism and the whole middle east thing. Meaning, a few agencies will be monitoring your banking activity.

[FreedomOffshore]

Originally Posted by kongsiwang

Can you suggest one of best the Dubai Bank???? I need to know since they do not deliver information to government tax agencies

If you are concerned about what another financial meltdown will do to your bank account, consider opening an account at an Islamic bank. Abu Dhabi Islamic Bank in the UAE is one example– they work with US citizens and even have safety deposit boxes for rent. ADIB has branches across the country, including in Dubai.


FREEDOM