Offshore Banking Details

Archive for November, 2009

When you are thinking about offshore stock trading and online banking you might consider The Commonwealth of Dominica. Dominica offers one of the best tax havens, and offer offshore banking and asset protection in total secrecy. Dominica has some of the newest offshore legislation in the world and is more advanced than most other jurisdictions, technologically.

All offshore bank accounts will be opened in the name of your offshore company, with help from their law offices and Dominica’s new company formation process. Your International Business Company will be incorporated with the documents sent back to you by courier within a few days. You may have bearer shares with only one director of your company for incorporation.

You will also have your choice of offshore banks in 5 jurisdictions, including Dominica, for offshore stock trading and online banking. You will have internet access to your account from anywhere in the world. You will also receive free brokerage account documents as part of your account package.

Why should you choose an offshore stock trading, online banking, offshore company in Dominica? You will need only one director and one shareholder to get you registered as a company, director and shareholder can be the same person. A company secretary is not required by law. Bearer shares and non par value shares are allowed. There is no limitation to the value of Share Capitol and incorporation and annual fees are not dependant upon the Share Capital amount. The annual fee is due on the day the company was incorporated. Share capital can be in any currency, and the State guarantees tax exemption for a minimum of 20 years. Annual shareholder meetings can be held in any country in the world and there is no need to come to Dominica to incorporate your company or conduct business.

You should choose Offshore Company in Dominica because there are no taxation treaties with other countries so there is no need to exchange information with other tax authorities. You will be able to choose from a wide variety of names for your new company. Dominica offers the lowest prices on the market for IBC incorporations and offshore services. Significant discounts are available for clients who buy package services. You can incorporate online and pay online with Visa, Master Card, Discover or American Express; if you want to remain anonymous, you can pay by Western Union, Wire Transfer, or Money Gram. There is also an option to pay by wire transfer.

The process of incorporation with Dominica will not take more than 24 hours. Your company will be incorporated with the Government Agent with years of experience in offshore services. You will incorporate a company from the country of origin, there will be no middle man. This will save you money and make all of your business activities confidential. If you are serious about becoming incorporated in Dominica, you will be able to choose from many packages they offer for offshore stock trading and online banking.

Offshore banking in Dubai, is allowed as long as you hold a residence visa. Once you have opened a bank account in Dubai, you can import and export funds. You will not need to declare currency when entering the territories, so you will be able to move funds in any form you choose.

International bank transfers are an area where these banks are expert. Outflow of money has been very lucrative in Dubai for quite some time. There have been quite a few clients who move into the region and export most of their earnings to their home country. Many people have opened bank accounts to get out of paying taxes in their own country.

As well as offshore banks, there are many exchange companies in Dubai. These companies are owned by major trading families who have a great deal of experience in the business and have better rates than the offshore banks. Several transfer systems are available, including, telex, postal, bank to bank, telegraphic, and SWIFT. Exchange houses and banks are very competitive, accurate, speedy and reliable. The result of the transaction depends a great deal on the institution on the receiving end. The fastest method of transfer is normally electronic transfer. Delays can occur if you are sending a different currency than the recipient bank deals with as there is normally a reduction or addition to the amount. It is more efficient to send funds between branches of the same bank .

If you plan on visiting Dubai, you probably should have a bit of local currency to cover your room and other smaller expenses. Currency exchanges are available at major airports, many are open 24 hours. You should not exchange money at your hotel, as the rates will be unfavorable.

There are no restrictions on sending or depositing of currency in and out of Dubai. You will be able to transfer money anywhere and in any currency. Many find it easy to use their own bank to transfer money to offshore banks, but there are plenty of institutions that will offer this service. Your best bet is to do a little homework and get the best deal. The main thing to look for is the best exchange rate and how much the commission charges will be. They may quote you a good rate but you will need to look at all of the charges put together and decide from there. You need to remember your bank will charge you a fee to transfer your money.

Offshore banking in Dubai offers Tax Haven Services, such as:

- Private Bank Accounts
- Asset Protection
- Portfolio Managers
- Wealth Management
- Asset Management
- Tax Consultation
- Personal Financial Strategies
- Account Managers
- Inheritance Planning
- Company Formation

These are some of the services offered by offshore banks in Dubai. You will need to check out the different offshore banks and exchange houses to see which of them will give you the best bank account package to fit your needs. You should always shop around so you are able to make an informed decision when it comes to your banking needs.

When you think of making an investment, you want the best return possible. You might find an investment that does well for a while and then takes a drastic down-turn. Investments can be a bit risky, but who ever got anywhere by not taking a chance. There are investments available that regularly return between 30% and more than 100%.

Where can you find these investments and be sure they are not scams. You may want to seek out an investment advisor that has a proven track record. Trident Press is one of the best. Trident Press publishes information on the 150 best investments in the world. Many of these investments allow you to invest as little as $1000.

Hundreds of hours are spent tracking down the best investments in the world. Information is gleaned from top brokers and analysts. Only the best investments are included in the information from Trident press. Many of these investments have to do with offshore stock trading.

Here are a few of the tips you will find in the High Yield Investment Books-volumes 1 and 2.

- The best investment fund in the world-well over 100%pa.
- Over 40 fund investments with returns of over 50%.
- Offshore Brokers who will protect your privacy.
- Hong Kong fund returning over 100%pa.
- Private Swiss Annuities.
- Buying Real Estate at a big discount.

These books are also available as an e-book.

Offshore stock trading and online banking would be a great asset to your finances. Foreign countries that are favorable for investment have certain laws that will give an advantage to an investor. These laws take the form of local no-tax or low-tax on investment income, no matter the investors place of residence.

Everyone wants a good return on their investment, one such investment is the Momentum Assetmaster Fund. This London hedge fund was started in 1991 and has averaged 12.54% yearly upturn since it started. Cuttyhunk Fund Ltd. was started in 1997, and has never had a loss, returns have been 21% annually. These are only two of the many offshore stock trading and online banking investment.

Offshore stock trading and online banking has many benefits. Tax planning and estate planning are a couple of positive benefits. You can invest offshore and onshore, the choice is yours. Many offshore banks offer stock portfolios for your investment needs, online.

The Dominican Republic offers fixed income and growth investments. You will not need to travel there to invest. You can use your home computer or phone the online banks. Do not use your home phone, use a public phone and a calling card to prevent theft.

The main reasons to having offshore stock investments are: Asset Protection-Protects against claims from bankruptcy creditors, and other people having an interest in your money. Estate planning-saving investment income and long term benefits on a favorable tax basis.

There are so many reasons you should invest in offshore stock trading and online banking.

If you are looking for:

- Offshore services
- An offshore company
- Offshore banking
- Offshore trusts
- Offshore investing

You need to look into internet offshore banking.

Offshore banking or offshore bank refer to the many investment and banking institutions available in other countries and jurisdictions other than where the depositor lives. The term offshore bank is for those banks located in low-regulation, or low-taxation jurisdictions.

While you may find a few internet offshore banks that are unscrupulous. For the most part these banks are sophisticated and stable with regulations tailored toward the needs of their clients. Many of these jurisdictions depend on foreign capital held in their banks as a primary economic factor.

One of the benefits of having an offshore banking account is that they are located in tax havens that provide asset protection and confidentiality. These jurisdictions also allow a looser restrictive rules when it comes to the types of internet offshore accounts available. Offshore banking will usually allow a reduction in tax regulations.

You will need to be sure the proper jurisdiction is selected for your personal and business needs. Each depositor will have different needs when it comes to offshore accounts. If you do your homework, it will be apparent that some unscrupulous banks would not be right for you and your business dealings. Anyone who knows anything about offshore banks, already knows that banks can safeguard their money from civil, economic or political strife. They are also confident that an offshore banking account will be an effective haven for assets and funds to be safe, secure, and kept confidential.

Internet offshore banking will also allow you to check your transactions and banking account balances online. This will also allow you to arrange for money transfers online. You will have the same privileges that you would with any regular internet banking site.

Not only are internet offshore banks a way to invest and protect your money, there are also plenty of exchange companies out there. These companies usually give better rates than the banks do. They offer different transfer systems and the speed of transfer is what you will mainly need to pay for. These methods are postal, bank to bank, telex, and telegraphic. Banks and exchange houses are usually in competition. Both are speedy, accurate and reliable, but the efficiency of a transaction also depends on the speed of the institution on the receiving or sending end.

Electronic transfer is undoubtedly the quickest method to send or receive money, though there will be delays if you are sending a currency that the other institution does not normally deal with. It is simpler and quicker to send money between banks that are affiliated. Many depositors have benefited from the safe, confidential, and the low taxation environment of an internet offshore banking account.

There are many offshore banks in many countries. It would be your choice as to which country you want to set up your offshore online banking account. In this article we will take a look at Latvian offshore online banking.

There are 22 banks in Latvia, you will need to choose whether you need the services of a big bank or a smaller bank that will offer a specialized service. Latvian banks offer:

- Multicurrency facilities
- Full-featured internet banking
- Maestro or VISA debit card
- Master Card and Visa credit cards
- Able to deposit funds via wire transfer, check or cash
- Customer service in English, German, Latvian, and Russian
- All banking information is protected by Latvian law

Opening a Latvian Bank Account:

- Find a bank that offers the features you desire
- It would be best to hire an agent- costs between $100 and $200 US. The agent knows about the banks in Latvia and will help you with your needs
- You will need to either visit or open an account by mail

To manage your account online:

- Client-Bank software allows communication with the bank by secure modem connection.
- You will be given a user ID and password that will allow you to access your account.
- Code tables will be allow you to use a different password each time you use Fax to contact the bank.
- You will be offered the list of credit cards, debit cards and ATM cards.

To open an account you will need:

- A notarized copy of your valid driver’s license.
- Your signature on the Specimen Signature Card.
- A street address where your papers on your account will be delivered by courier.
- Certificate of Registration of your company.
- Memorandum, articles, by-laws from your company.
- Power of Attorney.

Each bank has it’s own regulations, in some of the banks the passport copy does not need to be certified but the signature card does. Certification is by notary, Latvian embassy, bank solicitor or government official. Latvian bank privacy policy for offshore online banking says, information and transactions will never be disclosed to anyone other than the corporate owners or appropriate officials of the corporation. Criminal proceedings will be brought against any person who has disclosed information on the accounts and financial services of customers.

There is a difference between Latvian and Swiss banking secrecy, however, in both countries at least one person in the bank should know the identity of the customer for authorization purposes. Both countries have due diligence requirements and anti money laundering laws. Both countries are able to open Numbered accounts, where a number replaces your name on all accounts.

Lloyds TSB Bank has been in Dubai since 1977. They are a branch of Lloyds based in the UK, and are a part of one of the most successful and largest banking groups the world over. This is a trusted bank with a solid foundation and strength.

Lloyds TSB offshore internet banking offers convenient ways to:

- View your statements
- Transfer money to other banks or accounts
- Check your balances and transactions
- Pay bills online

When you register with Lloyds TSB offshore bank, it will be secure and take just a few minutes to complete. You will:

- Complete the online application
- Verify your signature by completing the Lloyds TSB Dubai Application and return it to their branch.
- Download it online.
- Use the form sent to you as part of the application package.
- Visit the bank yourself.

Once the signed documents are received, you will be sent your activated member ID.

Some precautions to take to keep your bank account secure:

- Do not write down or store your internet banking password or important information about your account on your computer.

- Do not give your password or other information on your internet bank account. The bank will never contact you for this information, so anyone who asks for it is up to no good.

- If you think your password has been accessed by someone you need to change the password immediately.

- Use a 6 to 15 character password and change it at regular intervals. Use a mix of letters and numbers that you can memorize without writing them down. Avoid passwords that would be easy for others to guess.

- Do not access your offshore internet bank account on a public computer where others may be able to access your password.

- Do not change your password on a public computer.

- If you must access your account on a public computer, make sure there is nobody watching you type in your information.

- This way you will be able to see any suspicious transactions.

- Make sure the first characters of the web address in your address bar is changed from http to https- the S means secure.

- Look for a small padlock icon, in the locked position, at the bottom right side of your screen. This means a secure site.

- Make sure you always log off of your account when you are finished and close your browser.

If you follow the above guidelines you will cut down the threat of identity theft, and breathe easier about your internet banking accounts. As long as you check your accounts often and remain diligent you should be able to steer clear of internet fraud.