ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
07.10.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


How To Legally Open An Offshore Bank Account

Author: Michael Poole Author Ranking Blue | Posted: 18-10-2006 | Comments: 0 | Views: 268 | Rating:  (51) Article Popularity - Blue (?) Got a Question? Ask.
Sign Up Now!

A passport, a driving license, and a untilty bill are all you need to open an offshore account.

Now I have told you you might not really want to read any more of my article. So if you are going on holiday with a passport and driving license always remember to take along one of your latest utility bills with you. Just in case.

There are lots of offshore centers where you can take a holiday or weekend break. Wherever you are in the world you are sure to find one nearby. Most offer at least some kind of holiday break. So when you next feel like a short holiday try and remember to take a utility bill. Phone bills are quite usefull. But any untility bill is OK.

You need evidence of your home address. You might think it is a bit odd at first to open an offshore account when away on holiday but if you are going to that destination anyway on holiday it makes something nice to do one day. It gives you a chance to meet local people and see how different life can be. And if its raining it makes a change from going to the beach.

If you do decide to take a utilty bill with you though do remember to be carefull with you ID. ID theft happens a lot. Especially to holidaymakers everywhere in the world. So try not to keep your passport & driving license & utility bill all in one place at one time.

And if you need to keep your passport in the safe at your hotel all you need do is to ask to take your passport back for a day. You can explain that you need to open a bank account.

But be sure to keep your passport in the safe when you get back to your hotel. You might like to keep your other ID there aswell along with the papers you will get from the bank.

The big question is now you know how to legally open an offshore bank account when you are away on holiday are you going to go on holiday?

On a more serious note though do please remember that opening an offshore bank account is not illegal in itself. A lot of people are under the illusion that any offshore account must imply criminal activity. Things have changed over the last few years though. It could well be said that offshore centers are now a thriving hotbed of law enforcement and morality. Offshore centers could now even be considered nore law abiding than many other financial areas.

Offshore centers are thriving today mainly simply as very sohisticated ways of keeping your cash away from people who want to litigate you for it. They are safe places to keep your hard earned cash away from frivolous lawyers who see speculative litigation as a fair sport by setting people up.

So if you want to keep your hard won cash somewhere safe just take that holiday.

Rate this Article: Current: 2 / 5 stars - 1 vote(s).

Article Source: http://www.articlesbase.com/finance-articles/how-to-legally-open-an-offshore-bank-account-64149.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:
This article was written offshore by Mike Poole whose website can be found at loveoffshore.com where you can find lots of other information about offshore banks
Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Payoff more than loan amount?
By: patlo | 06-08-2008
In June 07 we took out a 30yr ARM with the first 2 years fixed loan on our home, loan amount: 66,260. with no pre-payment penalities. We are now refinancing for a lower interest rate with the same company and our payoff is 66,480. Should the payoff be more than the original loan amount?

Saving on taxes.
By: Samwise24601 | 06-08-2008
My wife has retired and will be getting a check from the sell of her stocks in a couple of weeks. Is there a way to keep from paying so much in taxes? A legal way that is. Can she gift the money to me so we do not have to pay the taxes.

I am faced with letting my house go into ...
By: Chris | 06-08-2008
i am faced with letting my house go into foreclosure due to job loss i have lived there 6 years with a fixed fanny mae loan will i qualify for the new law that does not tax me on what the diiierence is of what the bak sell it for and the balance owed

Does FDIC apply to each individual account if you ...
By: stephenlaflam | 06-08-2008
Does FDIC apply to each individual account if you have multiple accounts in one bank under the same name but different account numbers?

How do i invest in atticus hedge fund without a ...
By: Dixie Girl | 06-08-2008
how do i invest in atticus hedge fund without a broker? is there an online option?

Wanting more interest
By: Terry | 06-08-2008
Got a question about Money? Type your question here...I am 74 years of age.  I am a working Realtor in this slow market with $200,000 in CD's.  I would like to know where I can safely put my money in order to make more interest to live on besides my SS.  I own 2 condos fully paid but do not rent them out.  Nearly Retired

Q&A Powered by:
Powered by Yedda 

Latest Finance Articles

Understanding Debt Consolidation Loans
By: Richard Greenwood | 07/10/2008
It can be all too easy to end up in debt and especially during the current times of financial uncertainty you may find yourself unable to make repayments. Consolidating your debt can make your debts easier to manage and lower your interest charges meaning you become debt free faster.

Credit Card Comparison
By: Richard Greenwood | 07/10/2008
Credit card offers are everywhere and all claim to out do each other. How do you cut through the marketing talk and understand the key features you need to compare to make an informed decision. Find out with this informative article on credit card comparison.

Shopping For Auto Insurance
By: Brenda Williams | 07/10/2008
When you get your license for the first time before you begin driving you need to get car insurance as it's mandatory to have car insurance while driving. Car insurance can be rather expensive, especially for new drivers which is why you'll need to ensure that you're getting the best...

Taking 100% Responsibility - the Prerequisite for Creating Money & Marriage Success
By: Leslie Cunningham | 07/10/2008
It's a simple concept, to refrain from blaming and complaining, and yet it's a challenge to change a habit, especially one that everyone else has. Like sticking to your diet, when everyone else around you is enjoying chocolate cake. Keep reading and you'll find out how this relates to your marriage and finances. Then I'll share some action steps to help you become 100% responsible for your life.

Retirement Income Investing and Your Portfolio
By: Steve Selengut | 07/10/2008
Brokerage firm monthly statements are designed to promote either fear or greed, depending on the current market environment. Nowhere on your statement can you find numbers that report your net investment, your total working capital, or your true asset allocation. Current and projected income numbers are given little attention

Buy to Let Investors Get a Boost
By: Parmdeep Vadesha | 06/10/2008
Buy to let UK investors are in a prime position to take advantage of a new government plan to spur property market activity. The scheme aims to permit property buyers to buy properties worth up to

How to Buy a Repossessed Property for Below Market Value
By: Parmdeep Vadesha | 06/10/2008
Buying a repossessed property is what matters for investors who are keen on reaping high profits. But even with the advantages it poses, there are certain aspects you need to be aware of before you start on the task of acquiring your next property cheaply.

Brits Should Ensure They Have the Cheapest Energy Supplier
By: Abbi Rouse | 06/10/2008
With energy prices escalating steadily, consumers could knock considerable amounts off their utility bills by switching from their areas default supplier.

More from Michael Poole

Insomnia at 4am
By: Michael Poole | 14/10/2006 | Health
If you can't sleep read this

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below