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Is it beneficial to open an offshore bank account compared to an account on the French mainland?

April 26, 2017account bank account Beneficial French mainland Offshore

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Is it beneficial to open an offshore bank account compared to an account on the French mainland?

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A .Offshore bank accounts do not provide tax benefits from a French perspective but they may be useful from a home country tax perspective. Furthermore, resident of France must declare to the French tax authorities, together with their French income tax return, all foreign bank accounts.