Offshore banking benefits
Placing your money with a Bank Offshore can provide you with a range of offshore banking benefits including:
• Security and confidentiality
• No exchange control restrictions, allowing capital to be freely moved without formality
• Interest on your savings and investment accounts may be paid gross, without deduction of tax at source (although you may have a liability to tax elsewhere).
• If you reside in the European Union, the European Union Savings Directive will apply to interest earned on your account.
• Holding assets offshore may have some tax planning advantages
• There may be inheritance tax benefits for clients dependant upon domicile
• Sophisticated worldwide communication links facilitating ease of access
BD Wealth Management can help you set up your offshore bank account.