Personal Banking in Belgium
Recent forum posts
hime ( cypriot) and my husband ( my husband being from Chile) would like to start a business in NIcosia Cyprus. we have some ideas about what kind of business but this has not been decided and we are in the process. As we don't know much about setting up business in Cyprus we would like some help on how to start and what kind of businesses might give us lots of profit.how long does it take
Total Posts: 6 Last post by Elijahchurch
Could you please, provide the following information regarding the company registration in Austria:- Registration prices- Apostilled set of documents- Annual services (reporting and audit)- Dimension of nominal capital- What taxes must the client pay?- What kind of docs do the client need to provide (notarized docs + translation)- Does the client need to visit the country?
Total Posts: 15 Last post by Elijahchurch
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.