Offshore Account

An Offshore accounts can be used by individuals or corporations as primary accounts for trading and investment purpose. Offshore accounts enable the account owner, who can be an individual or a corporation, to trade- buy portfolios, bond, stocks and other professional investment activity.

The advantage of the offshore account (offshore trading account) is the tax advantages. When a jurisdiction sets itself up through enacted legislation and policies as an offshore jurisdiction, generally there is investor friendly tax schemes used to attract foreign investments. So it is true to say that in most tax havens or offshore jurisdictions where offshore accounts can be set up, the taxes on the earning of the offshore accounts is nil.

Individuals or corporations using offshore accounts pay no taxes on any of their earning or profits as longs as the revenue derived outside of the jurisdictions, which is normally the case for anyone who does have an offshore account.

Offshore brokerage accounts can be held by individuals who wish to trade on their own- self managed offshore accounts, or can be held by individuals or corporations and these accounts are managed by assigned brokers.

Finally, and very commonly, large international trading firms, managing millions of dollars in trading activities, used an offshore vehicle to capitalize on the advantages of banking offshore, and protection the assets of clients. The offshore account used by megalith trading corporations is as standard as offshore banking is used my multi international and US fortune 500 companies.

As with all trading activities, there is risk, and for this reason almost offshore banks setting up offshore accounts or offshore trading accounts does require you to sign some risk disclosure statement, the same will be required of you if you use their services of a brokerage firm or broker to manage the trading account.

The standard documents for opening an offshore brokerage account include, but are not limited to the following documents. The list required by the financial institution providing offshore brokerage account can and will vary from jurisdiction to jurisdiction.

For corporations:

Articles of incorporation if the account in the name of a company, with a certificate of good standing ( this is a document that shows the company is up-to date, still active and all fees or dues paid u), copy of minutes authorizing the opening of the account, Risk disclosure statement.

For individuals:

It is generally recommended that individuals who are considering offshore investing, be it in the form of offshore trading, offshore banking or other offshore products, enhance their privacy by using and offshore business entity such as a company, trust or foundation. This is a most effective way to protect assets from prying eyes, since the true identity of the beneficial owners of the company , turst or foundations are not revealed.

Offshore brokerage accounts unlike normal offshor accounts are set up specifically to be used for investment purposes and cannot be used for daily banking activity or transactions of the same.

Offshore brokerage accounts unlike the offshore bank account enable owners, individuals or corporations to hold and transact trades of stocks, bonds, mutual funds and other investment instruments on a global market , in many currencies.

The advantage of going offshore by using an offshore account is the opportunity of or for tax free investing. A tax free offshore brokerage account held by an IBC means individuals can trade in complete anonymity for trade orders are placed on behalf of a company, while masking the clients markets trades.

There are many offshore jurisdictions offering offshore brokerage accounts, so some solid research and through checks are required, to ensure you chose the right jurisdiction, with benefits that you want, and the right institutions with the services you need, at the prices you want.

He right solution for you depends on a host of factors like your citizenship, your country of residence, whether you need a personal or business account, the services you need (old style personal private banking service, or the latest technology and fastest execution of your day trading instructions?) And last, but not least, the amount of money you are going to invest.

You can open an offshore account with $1… but not in every bank! If you are planning to deposit seven figures, you probably won't be satisfied with the service level of the banks who run small accounts.

Back to top