Offshore Banking

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.
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