| An offshore company as the name suggests isn't | | | | of security to your assets from major calamities |
| merely a company that has gone offshore! There | | | | which may strike in the form of economic |
| have been many people who were misled by its | | | | disasters and even physical ones. Most people |
| name. It has a totally different meaning than the | | | | who are worried about their monetary assets can |
| one its literary meaning seems to suggest. It is a | | | | rest easy after entrusting it in a bank which is |
| company that has been established for the sole | | | | conceived only for this purpose of safeguarding it. |
| purpose of taking advantage of the tax laws that | | | | Don't be Scared Away by the Process! |
| are existing in said offshore locations. Most of | | | | After reading all this information about offshore |
| these laws deal with the taxes that are usually | | | | accounts, are you wondering if opening such an |
| imposed on large scale or medium scale | | | | offshore account is a momentous task by itself? |
| corporations. These offshore locations are | | | | Well, worry not as your fears are totally |
| stringently chosen with the utmost care by the | | | | unfounded. In fact, it just can't get easier than |
| offshore companies after reviewing the existing | | | | this! All you need to do to obtain a personal |
| laws to ensure that corporations that register at | | | | account in an offshore bank is to just fill out a |
| their IBC or International Business Company would | | | | detailed form which asks for identification details, |
| stand to save a substantial amount of money. | | | | details of your businesses held, your official |
| International Business Corporation's and Privacy: | | | | address and other information needed by the |
| Now that you know that an IBC deals with saving | | | | bank to process your application. And there you |
| taxes for corporations, it goes without saying that | | | | go! Once you send the application along with |
| such an arrangement has to be maintained in | | | | sufficient proofs to the offshore bank, you will |
| conditions of utmost privacy. This is where a | | | | receive confirmation of your bank account in a |
| trusted IBC comes in. While choosing your | | | | few days with the arrival of your confirmation |
| offshore location to deposit your precious assets, | | | | mail via courier. Once the offshore bank opens |
| you need to ensure that the IBC can be trusted | | | | your account, an account number is allotted to |
| upon to maintain privacy. Since most of the | | | | you along with an internet log-in id as well as |
| accounts which come under IBC's are under | | | | password. |
| surveillance from various administrative purposes, | | | | Using this id and password, the process of |
| unless the identity and account details of the | | | | obtaining your offshore bank account is now |
| person holding the account is kept private, it is | | | | complete. You will be able to access your assets |
| useless to resort to offshore banking because of | | | | knowing fully that they are safe where no one |
| the prying eyes. In many ways these IBC's are | | | | can touch them and no nosy investigative agency |
| quite similar in form and function to that of the | | | | can poke their nose into your business. |
| Swiss Banks. They offer an unprecedented level | | | | |