Offshore Bank Accounts
Advisers Worldwide Limited specialises in servicing the financial needs of expatriates, and we would like to offer our expertise to your organisation.
While stationed overseas corporate employees should only receive advice from qualified financial planners. All of our advisers are fully qualified and experienced in servicing the financial needs of expatriates, and offer additional security with comprehensive Professional Indemnity Insurance cover.
There are many attractive options available for someone who is looking to place their money offshore without wanting to be hit by the European Saving Tax Directive (EUSTD). Many expatriates assume that the safest bet is to simply invest your money with a leading, international bank. Although these are major institutions, many only offer their own products and rates, restricting the choice you have available compared to looking at the open market. Many banks will offer you a lucrative rate of interest when you take out an investment with them, however banks only offer these rates for a fixed period of time, sometimes as short as three months, meaning that in the long run your investment may not be as attractive or lucrative as you once thought. If you decide to switch your investment to another bank offering a better rate, you must once again go through the long process of setting up the investment anew with all your documentation.
By placing your investment to a structured offshore vehicle managed by an experienced advisor you can switch your investment opportunities when you wish, without the headache of having to resend documentation and start the process again. An experienced advisor will be able to handle your savings in a manner that stops the EUSTD taking 20% at source and you will not be required to supply details of your investment to your home countries tax authority. Other benefits include being able to spread your wealth around numerous institutions so you don't have all your savings in one place, which could be detrimental given the recent economic woe.
By talking with your Advisers Worldwide adviser, they will guide you through the different options available to you, and recommend the most appropriate bank account(s) to open.
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