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Personal Banking in USA

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Personal Banking in USA

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  1. Still a good business move?

    hey there, me and the husband are planning to move our film collectables store to the usa (maybe even keep our existing one in the uk too) but we're unsure if this is such a good idea now. it is such a hard decision when all the advice we're getting is so mixed. some people seem optimistic for business in the coming year, others not. &l

    Total Posts: 4 Last post by jonekane

  2. Expanding cleaning company to US

    Hi, I would be interested in knowing whether it would be a good move to expand my cleaning company to the US. How would you go about doing this?

    Total Posts: 2 Last post by vroomr513

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.

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