| You can find internet sites offering to help you get a private offfshore acccount, but choose carefully; some have established 'real-world' businesses behind them, and some are no more than a few web pages and a couple of guys in a back room. Private offshore accounts are usually for high-net-worth individuals; you should have at least $100,000 to deposit. Then you will be welcomed with open arms, after the necessary due-diligence has been carried out. Due diligence means the responsibility to check that an entity is who they claim to be, and that the have no criminal associations. You will have to provide a notarised copy of your passport, one or two bankers references, and a copy of a utility bill from your current address. You might want a private offshore account to: - Minimise taxation;
- Simplify business administration;
- Asset protection;
- Estate planning;
- Expand your business;
- Financial anonymity;
- Global investing;
- Trade worldwide;
Simplicity of operation may be even more important than lower taxes. Different countries obviously have different banking and tax laws, and there may be great differences between them. Keep this in mind when looking at suitable private offshore account options. Private offshore accounts: very handy these days, as reduced tax liability, general asset protection, operation simplicity, and other features make this an attractive choice for the businessman with disposable cash. Private offshore accounts are designed to allow holders to put money away for a rainy day, invest in products not available in their home country, avoid taxation, and keep some of their money safe from eager lawyers and disgruntled ex-spouses. Bear in mind that the basic attitude of tax authorities is 'get money by whatever means available'. Maintaining a first-world, socialist democracy is horribly expensive. They need the revenue!
At one time England had a tax on the number of windows in your home. Recently they tried a 'poll' or head tax i.e. if you were an adult, and not in prison, or a lunatic, you were liable. This was changed to a 'council tax' but the effect is the same. If you live somewhere in Britain today, and you have independent means, you are taxed 60% of your income in real terms, before you've even put a bite of bread in your mouth.  Ask about getting a private offshore account today!
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