How do I open an offshore bank account?

Question

And how do I make deposits and withdrawals?

Answer 1

You open an offshore bank account the same way as a UK bank account - the bank you already bank with will offer offshore banking in all likelihood.

The benefit of an offshore company is that it is not taxed at source as you will be non-resident, but when you bring it into your country of residence. So in reality the only saving is the tax on the yearly interest. IWO, unless you are thinking of saving more than is permissible under an ISA there's really not much benefit.

Answer 2

Many banks and building society operate offshore accounts. Try the Nationwide:
http://www.nationwideinternational.com/opening_files/how_to_open.htm

Answer 3

The notice is ex-patriate, not patriot. I dont comprehend what area of the low fee Care Act has fee you cash. another united states of america has bigger income, bigger fee of living and better sales taxes than the U.S. so I dont comprehend the place you are able to pass different than Africa and the midsection East. you have had 3.9% much less income tax because of the fact that 2001 and it turn into meant to sunset in 2010. Is 3.9% bigger going to break you ? We had 3.9% bigger tax fee under Clinton and no person complained. they have not made a deal with regard to the very own loan interest deduction and it could stick to to bigger income human beings basically. you'll have a definite quantity of money to open an account off-shore, in many situations some million dollars. I advise you write to the government of a few worldwide places like Caymans, Bahamas, Switzerland and ask what the policies are.

Answer 4

Assuming you are in the UK, HSBC do an offshore account - details on their site.

Answer 5

Fill a suit case with money and go to the off-shore bank in person.

To put more money in or draw it out, go there with a suit case again.

Recommend Monte Carlo, as they have an excellent casino to gamble what you should have paid to the tax man.

Answer 6

http://europacbank.com/#offshorebank , you can open it directly online in just 2 days