offshore bank accounts, tax shelters, limited liability cor

http://www.incorporation-offshore-saves-wealth.com/bvi-formation-offshore.html. This is second in our top ten questions you must have answers to regarding offshore companies and bank accounts. The second question deals with Offshore Banking.

What's so special about offshore banking? Offshore bank accounts are special in that currency you can have account in dollars, pounds, Euros even dirhams or any other currency. There is no restriction on fund transfer. There is no restriction on capital transfer of foreign exchange. Minimum balance required is very low for example in Dubai it’s about $8000 and in Switzerland it’s a million.

Internet banking is available and some of the offshore banks will give you an international debit card. You can get an online statement and can invest anywhere in the world using that bank account.

Bank accounts in offshore banks are generally confidential and are owned by your offshore company so confidentiality gets one more level of protection. Generally it takes 5-15 days to process and you don't need to visit. Most of the documentation is carried out through couriers and email.

To know more about the conveniences of RAK Offshore please visit our website.

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