Personal Banking in Australia
Australia related forum posts
Hi,we have an e-commerce company www.embroiderymaterial.com in India which is specialise in dealing with embroidery, beading and jewellery making supplies. Now, we want to set up the same e-commerce business in Australia.we are looking for someone who has the deep knowledge about the compliance, operational cost, recurring cost, Payment gateway, local tax, Courier partners etc of Australia.
Total Posts: 1 Last post by embroiderymaterial
Hi,I want to start a pharmaceutical, FMCG distribution in australia, can anyone guide me how to commence and get the opportunity to work in australia?
Total Posts: 1 Last post by tavseefs
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.