There are three reasons for setting up private offshore banking. First, no tax is deducted from interest earned on deposits. Secondly, there will, or should be, be no active onshore bank accounts to aggravate your case for non-resident classification the Inland Revenue. And, third, private offshore banking is strictly confidential. You might also want private offshore banking to: - Expand your business;
- Simplify business administration;
- Asset protection;
- Global and/or tax-free investing;
- Trade worldwide;
You can find internet sites offering to help you with this, but choose carefully; some have established businesses behind them, and some are no more than a few web pages and a couple of guys in a basement. My advice to you is to avoid private offshore banking web sites which have only a few pages, and no named individuals behind them. Private offshore banking credit cards provide easy access to funds and accounts in tax havens.Although is not illegal per-se to have an offshore credit card, the average Joe doesn't need one. US citizens pay tax on their worldwide income so their Internal Revenue Service has taken steps to defeat tax-avoidance schemes involving credit cards issued by offshore banks. Bear this in mind if you are a US citizen, or resident there. US citizens are taxed on income earned abroad, even if they are living abroad at the time of earning it! Private offshore banking is 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. You will have to provide a notarised copy of your passport, one or two bankers references, and a utility bill from your current address.  Ask about private offshore banking today!
Offshore providers services include the incorporation of offshore companies, management and administration of the company, together with any provision of third party directors or nominee shareholders. They can also help with yacht and vessel registration, as well as the formation, administration and provision of experienced licensed trustees for offshore trusts. | 
