Friday 24 June 2011

Role of Private Banking For Offshore Company

Normally, a company refers to an entity engaged in some business like partnership,corporation and consultancy. Whereas, offshore means outside the nation jurisdiction. So, offshore company means a company running under a jurisdiction outside one's own jurisdiction. For example, for an Australian citizen,BVI is offshore jurisdiction . An offshore company offers greater financial privacy by means of private banking/offshore banking. Private banking provides secure techniques and more attention to high net worth individuals who have huge amount of liquid assets as compared to an average person. such individual's account are not maintainable by retail banks easily. Here private banking comes into picture. They are private in the sense that they never disclose client's account publicly except in case of some serious legal issue. Services/benefits of private banking: • zero/low-level tax services • asset-protection • financial privacy • Internet banking • inexpensive International ATM cards • free account maintenance service • unlimited deposits and withdrawals Learn more about how offshore company incorporation can help with your protection needs by calling act-offshore.com . We form thousands of offshore companies every year, helping thousands of investors with their protection and privacy needs with services of some offshore and onshore banks: • Swiss bank account : Swiss private bank accounts have few superior features that makes a corporation to choose their services. Swiss private banking is world's the most prestigious banking. They allow people to open private bank account only with $300,000 USD to deposit. Swiss private bank accounts ensure excellent growth in business and personal revenue for longterms. • Cyprus bank account : Cyprus has the lowest tax rates out of the 25 European Union member states, making it an incredible offshore center. Cyprus is not considered the perfect location for everyone, as it has signed up to meet the exacting requirements of the EU Savings Tax Directive. However, Cyprus offshore is still very appealing, having over 17,000 offshore companies in Cyprus. The Cyprus banking and legal system are are well regulated. • Hong Kong bank account : Hong Kong offshore banking is popular due to Hong Kong’s excellent reputation as a financial center. they are able to open a Hong Kong corporate bank account quickly and easily. The initial deposit for a Hong Kong corporate bank account is US$2,000 • Luxembourg bank account :An offshore savings bank in Luxembourg is quite easy to open, once required documents are available. Initial deposit to open a Luxembourg private bank account is just 150,000 Euro. Act-offshore has healthy relationship with partners of these banks which assists our clients to open an offshore account easily and quickly. The documents needed by banks are : completed registration form, address proof like passport/identity card, proof of source of investment/funds, summarized business plans of client. Banks may demand additional documents for verification and authorization purposes. Thus, Creating an IBC, is now an easy step process.

 Act-Offshore provides world's most secure offshore services like Offshore Bank Account,Cheap International ATM cards,Offshore Company Formation, International Business Company,Private Banking etc.