United Kingdom
Banking in United Kingdom
United Kingdom Business Experts
Recent forum posts
-
Cade Povich struggles as Orioles get rid of sequence finale
Some thing is rotten with the Baltimore Orioles roster. What that is, who is toward blame for it, and how towards repair service it, are inquiries that evidently turn into additional pressing with each individual passing clunker. Thursday night collection finale in opposition to the Dodgers delivered a different a single of those people online games in which each and every indicator facts versu
Total Posts: 1 Last post by Henderson
-
Wednesday Fowl Droppings: Cody Asche in direction of be Orioles hitting practice
Orioles-Twins sequence preview: The 2024 monthly year will come in the direction of a finishThe Orioles couldn stave off the Yankees shooting the AL East, yet there nevertheless a great deal in the direction of perform for as they brain into their previous sequence of the period, upon the street within Minnesota toward facial area the Twins. The Twins are within just ought to-gain method, ye
Total Posts: 1 Last post by Henderson
Why Bank Offshore?
Opening an offshore bank account is an important consideration for anyone moving overseas whether on international work assignments, for an extended period or even to retire. There are many advantages of an offshore banking account and there are a number of factors to be considered when choosing where to open one. The primary consideration is safety and security of your hard earned money. You should choose an offshore jurisdiction which is well regulated and has long term political stability. You should then consider that you will most likely be dealing in currencies other than your home currency.
Your offshore bank should be able to provide banking services and international payments in all major currencies so that you can manage your financial affairs in the currencies of your choosing. And of course you need to be able to access your funds with ease. International transfers, phone banking and International Debit cards are essential here.
What's becoming an invaluable financial tool in the expatriate lifestyle is Internet Banking. Most banks today provide internet banking, but not all can provide it in multiple currencies, with the ability to make international payments and transfer between currencies online. While it may not always be a primary consideration, many expatriates find that an offshore bank account can form part of your overall tax planning solution. Independent tax advice is always recommended in this case.
Finally your offshore bank should be able to provide you with access to the full range of specialist offshore products and services such as offshore mortgages, travel, medical and critical illness cover and expatriate tax advice.
The information provided in this guide gives only general guidance and does not constitute tax, legal, investment or any other advice.
Organisations that can assist with Banking
-
> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
-
> Paul Beare Ltd
Paul Beare Ltd are UK based accountants and legal advisors to overseas companies setting up in the UK. They work with companies either entering, or already operating in the UK.