Investing Offshore

[KimAlsop]

An Offshore bank offers a great deal of business benefits, which vary from lower taxes to secrecy. By opening an account in another jurisdiction, one can avail the benefits of that area which can be lesser taxes, increased returns and better security. By opening an international banking, trust, trading, or investing account can allow the investors to free themselves from things like excessive tax implications and invasive financial restrictions.
In recent times, the energy sector has grown in importance with the supply prices rising and reducing fossil fuels. The returns from the energy sector are high with 650% and more.

The offshore business banking has quietly become the new way of conducting business across the world. With this trend catching up, most of the banks have their accounts offshore. The presence of an account offshore can mean having anonymity and benefits in the form of lesser taxes.

Where to invest and which location to choose has to be done with care. The choice of jurisdiction need to be done based on the tax benefits and many other factors. The political situation and the legal structure of the jurisdiction need to be considered. The electronic infrastructure and language barriers are other important parameters.

 

[stochastic]

By opening an international banking, trust, trading, or investing account can allow the investors to free themselves from things like excessive tax implications and invasive financial restrictions.

Another thing to consider is the Informations treaties between Countries, like, for example: the OECD Global Forum Working Group on Effective Exchange of Information. The purpose of this Agreement is to promote international co-operation in tax matters through exchange of information. Automatic exchange of information (also called routine exchange by some countries) involves the systematic and periodic transmission of “bulk” taxpayer information by the source country to the residence country concerning various categories of income (e.g. dividends, interest, royalties, salaries, pensions, etc).

UK and Anguilla signed on in July 2009. Another one with Jersey was signed in March.
Jersey has signed exchange of information with Australia, France, Ireland, a bunch of Nordic countries and Germany.
Recent bilateral agreements

Ecuador has no intentions of signing any tax treaties with the high tax police states. Other countries who are not signing are as follows: Russian Federation, Venezuela, Bolivia, Brazil, Cuba, Saudi Arabia, Oman, Abu Dabi, Qatar, Ukraine, Lithuania, Nigeria, North Korea, Iraq, Iran, Suriname. Ghana, Egypt, Jordan, Jamaica, Lebanon, Syria, Libya, North Korea, Yemen, Oman, Afghanistan, Pakistan, Romania, Bulgaria, Uzbekistan, Kazahkstan, Georgia, Azerbaljan, Turkmenistan, Peru, Paraguay, Thailand, Indonesia, Vietnam, and many African under developed nations. Panama is not signing anything.

 

[Hittfeld]

You should update your files: Romania, Bulgaria and any EU or EU applicant state is not a safe haven regarding banking secrecy, taxes.....

Hittfeld

 

[stochastic]

You should update your files: Romania, Bulgaria and any EU or EU applicant state is not a safe haven regarding banking secrecy, taxes.....
Hittfeld

Thank you, yes, any bank under EU directives is out. Several Caribbean jurisdictions now are under EU directives like the Caymand islands.
"EU has savings taxation agreements with Andorra, Liechtenstein, San Marino, Monaco and Switzerland and that the individual EU Member States have concluded with the ten dependent and associated territories of the UK and the Netherlands (Anguilla, Aruba, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey, Montserrat, the Netherlands Antilles and the Turks & Caicos Islands). Under the Directive, each EU Member State will ultimately be expected to provide information to other Member States on interest paid from that Member State to individual savers resident in those other Member States. ".