Which offshore or international bank is considered safest for protecting funds?
Banking
Asked by Question Bot09/Mar/20131 answer
1 Answer
F
Faisal Khan
Answered 09/Mar/2013
Depends where you are originating from. Even Americans are today learning that siphoning money off (from your tax ecosystem) and storing it overseas in Swiss Banks isn't what it used to be.
Luxembourg, Singapore, Hong Kong, China, Middle East, etc. are all good alternatives, provided you research and understand what available money loopholes exist or how to 'handle' your transactions.
If you are going to move money overseas and want it protected and not taxed, then be prepared to have a percentage of this given off (depending between 2% to 6%) for processing (by money agents, or banks, etc.) to process your funds and a mechanism to keep them safe overseas.
There are literally so many ingenius avenues for avoiding tax in your home country and keeping your money safe overseas, but many people are for some reason are just hell bent on the idea that money sitting in a Swiss Bank is the best option, which clearly it is being proved recently, that it is not.
Luxembourg, Singapore, Hong Kong, China, Middle East, etc. are all good alternatives, provided you research and understand what available money loopholes exist or how to 'handle' your transactions.
If you are going to move money overseas and want it protected and not taxed, then be prepared to have a percentage of this given off (depending between 2% to 6%) for processing (by money agents, or banks, etc.) to process your funds and a mechanism to keep them safe overseas.
There are literally so many ingenius avenues for avoiding tax in your home country and keeping your money safe overseas, but many people are for some reason are just hell bent on the idea that money sitting in a Swiss Bank is the best option, which clearly it is being proved recently, that it is not.