How Do You Establish An Offshore Account?
Due to Hollywood movies, many people correlate offshore accounts with illegal activities. While offshore accounts certainly offer some advantages to the less scrupulous, many honest people choose to hold the bulk of their money in an offshore account. Offshore accounts offer such benefits as international access to your money, higher interest rates paid on deposits, better protection of a higher amount of assets and much more privacy. Log on to the Internet to begin researching offshore accounts. Begin by researching the banking laws of the countries that you have an interest in. Each country has their own banking laws, and some will protect your money better than others because they have more stringent security standards and higher limits on government reimbursements of bank losses. Research banks in the country of your choice. Large banks offer more services but usually with higher fees. Compare the cost of a smaller bank to the large banks based on the amount and type of transaction
