Is Offshore Banking for You?

div id="body">Corporation). There are a number of IBC jurisdictions
You've probably heard about people who keep theirthat allow complete privacy in a tax-free
money offshore. Most likely you assume they're allenvironment. We deal exclusively with these
wealthy businessmen; millionaires, who have so muchjurisdictions.
money they somehow 'qualify' to move it out of theIBC - as explained above, IBC stands for International
country, right? Wrong! Offshore banking can be aBusiness Corporation and is similar to an onshore
benefit for anybody regardless of income.corporate. However, the company is established in a
There are certain components of offshore bankingcompletely tax-free jurisdiction with a very high level
that you may not have thought of, or perhaps youof confidentiality and asset protection. For extra
just need a simple explanation of what they are.security, it is common to have an offshore IBC
Here are the basics you need to know to getcompany in a separate jurisdiction from your
started:offshore bank account. This ensures that any
Offshore bank accounts - in order to establish a bankpossible future claims against your offshore company
account offshore and still have completewould have to be brought to two separate courts in
confidentiality and privacy, you need to hold the bankjurisdictions with some of the toughest asset
account under an IBC (International Businessprotection laws in the world.