5 benefits of having an offshore bank account

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Why do I need this?

  You may think what an offshore bank Account can provide me that of other bank of my country can’t? The answer is, a wide range of benefits you absolutely need. An offshore bank account is simply a bank account; you might have outside of your country of residence. Here are some reasons, why you should open one now.
  1. Risk from your own government:
Today the biggest threat of your saving isn’t market risk but your own government. It is beyond doubt that the government positions an increasing risks to your savings. Governments are reducing miserably deeper into bankruptcy. Probably they are turning to the same frantic measures they’ve used throughout history. So it is safe to keep some of your savings in the right foreign bank, mainly to protect you from madness in your home country.
  1. Protection of Assets:
An offshore banking account also protects you from overenthusiastic government organizations equipped with the summary power to freeze your assets. That’s because their reach doesn’t extend beyond your country’s jurisdiction. If you ever find yourself in a struggling match with a government agency or a frolicsome lawsuits, a foreign bank account give you incomes you can count on.
  1. Diversification of Currency:
Having foreign currencies, is a great way to expand your portfolio risk, protect your acquiring power, and internationalize some of your savings. Offshore banks commonly offer suitable online platforms for holding foreign currencies.
  1. Ensure Access to medical Care Aboard:
Suppose if you are being not provided with the best medical treatment, or you have been advised to go abroad for your Medical Care, then you would need money, if you transfer money you have to pay for it. However, if your home government has already imposed capital controls, it could be difficult or impossible to pay for the medical care you need. This is where having a foreign bank account, which isn’t captive to capital controls in your home country, can help safeguard you can always pay for the medical care you need.
  1.  Peace of Mind:
Offshore bank account is like an insurance policy. It helps to protect you from unreliable bank and bank system and destructive actions of a bankrupt government. It helps to target your lawsuits and ensure that you can pay your medical payments. Knowing that you’ve taken a big step to protect yourself should give you more peace of mind.  

Is Having an Offshore Bank Account Legal?

  This question might have arisen due to the fact that most of the people use forein bank accout for tax evasion. Despite what you may hear, offshore banking is completely legal. It’s not about tax evasion or other illegal activities. It’s simply about legally diversifying your political risk by putting your liquid savings in sound, well-capitalized institutions where they are treated best. Over the past few years it is becoming harder and harder to open a foreign bank account. Soon it could be impossible. If you’re looking to open an account, act sooner rather than later – even if you don’t plan to use the account immediately. Even if your home government doesn’t force on capital controls or confiscate deposits, you’re better off for having moved your savings to a safer place. In fact, you’re far better off for the reasons described above. Obtaining an offshore bank account is a prudent step that makes sense. Contact us today to know how we can help you open an offshore bank account without having to visit the bank.