Corporate & Trust
If you have questions, we have answers! For all serious questions and inquiries, contact Fortune Investments:
United States: (858)442-5428
United States: (305)798-1373
Offshore Incorporation & Management, Offshore Bank Accounts & Banking Services, Yacht & Ship Registration, Offshore Trusts & Assets Protection, Second Passport & Citizenship.
Offshore banking has increased rapidly all over the world since mid-1960s because of the growth and liquidity of world financial markets. The full spectrum of financial services from offshore banks include deposit taking, money transmissions, provision of foreign exchange, trade finance, credit facilities, investment custody, investment management, fund management, trustee services, and corporate administration.
Offshore banks provide access to politically and economically stable offshore jurisdictions that may be an advantage for those resident in areas where there is a risk of expropriation or where there is corruption within the banking system. Many offshore banks offer services that may be unavailable in one's country of residence. Offshore banks in several nations participate in mandated bank account deposit protection insurance systems. Some offshore banks may even provide higher interest rates than banks in the home country.
The majority of offshore banks operate within highly regulated environments under national monetary bodies such as Central Banks, Financial Services Commissions, etc. These banks are required to maintain capital adequacy requirement in accordance with international standards. They must submit financial reports at least quarterly to the regulator on the current state of their business.
One common misconception about offshore banking and offshore accounts is that it can legally prevent assets from being subject to personal income tax or interest. For those persons who meet fairly complex requirements, this conception is not applicable because the personal income tax of most countries makes no distinction between interest earned in local banks and those earned abroad. For instance, people subject to pay US income tax are required to declare any offshore bank accounts they may have.
The profile of a typical offshore bank account holder generally depends upon whether the account holder is an individual client or a corporate client, but both have one thing in common, offshore banking can have many benefits and a series of advantages for both:
The majority of people who open an offshore bank account fall into one of the three following general categories:
According to statistics the majority of individual offshore banking clients come from Europe, Australia and North America, but more recently larger numbers of Eastern European, African, Indian and Asian individuals have found that offshore banking structures suit their own personal requirements.
The 'type' of person who falls into the above three categories range from those with inherited wealth to those who have earned it by themselves and they all utilize offshore banking for the following benefits:taxation planning, estate planning, pre-immigration or repatriation planning, privacy and asset protection.
There are far more corporate clients with offshore banking needs than individual clients. They fall into one of the following categories:
The benefits of offshore banking for such companies are diverse and range from the fact that a large number of companies actually outsource parts of their operations overseas and require accounts in these countries to the fact that many offshore jurisdictions have tax free zones through which companies can operate all or part of their operations tax effectively.
Over the last decade we have helped thousands of our clients to achieve effective, safe, confidential and affordable corporate structuring, tax planning and asset protection, guiding them every step of the way.
We are a one stop facility for all our clients' investment, corporate and tax planning needs. We have developed one of the largest offshore jurisdictions and tax knowledge databases in the world, which is a great help for a serious and professional investor.
We offer offshore services and management in all offshore jurisdictions, our offshore companies and offshore trusts formation is fast and cost effective, you really do not need to look elsewhere.
If you need to open offshore corporate or offshore private bank account we can assist you to select the best country, the best structure and the most suitable banking institution.
We can assist you to select jurisdiction, bank and type of a bank account.