Archive for September, 2014

Who Needs Offshore Bank Accounts?

If you’re still on the fence when it comes to opening up an offshore bank account, it might be helpful to learn more about the many advantages that these accounts can offer. Offshore banking can be a smart way to add diversity to your portfolio, particularly if you are concerned about the future of your own domestic currency. In addition, an offshore account is a great place to start if you want to begin the estate planning process in the coming years. Finally, it is worth noting that offshore banking can be a savvy way to legally reduce your tax burden.

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The Benefits of Caye Bank’s New Prepaid MasterCard

If you are already banking internationally, retired overseas or just a frequent international traveler, you may be able to take advantage of the benefits of a prepaid MasterCard from Caye Bank. Set for release later this year, this card can be advantageous for a number of reasons. Since MasterCard is accepted in more than 210 countries around the globe, it’s an obvious choice for travelers. Because it is prepaid, it can help to minimize potential losses if lost or stolen overseas, it makes it easier to limit your own spending, and it can even be used to withdraw local currency from ATMs.

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5 Reasons to Choose International Investment Funds

There are a variety of different reasons that an offshore or international investment fund can be one of the best ways to secure your financial portfolio. An investment fund spreads out the risk by sharing the vulnerability between numerous investors, which can be a savvy move and a great way to diversify. These investment funds also let investors take a hands-off approach enjoy the guidance of a financial expert. Since many of these funds are offshore, they also allow investors the opportunity to legally reduce their capital gains tax liability and even pay lower maintenance and upkeep fees thanks to inexpensive banking destinations like Belize.

 

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A Retiree’s Guide to Banking in Belize

Retirees who want to bank in an offshore destination have a number of choices, but one of the top picks time and again is Belize. From a stability standpoint, the local currency of Belize is tied to the American dollar, making it a smart option. In addition, banking fees and overhead costs are low, helping retirees to retain as much of their total holdings as possible. Since Belize is close to the United States, many retirees even choose to live there and enjoy the low property prices. Finally, there is no capital gains tax in Belize for any foreign investors or retirees. 

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Finding the Perfect International Investments

Although the benefits and advantages of international investments are abundant, knowing what type of investment to select can certainly be challenging. For those investors who want something with minimal risk but a lot of long-term potential, precious metals like gold or silver could be perfect. Retirees, on the other hand, may get the most practical use out of international real estate. If you want to diversify your holdings without the responsibility of monitoring the market, mutual funds are key. Finally, those who are primarily concerned with protecting assets to leave for their loved ones might gravitate towards international trusts or life insurance policies.

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Common Myths About Investing Offshore

If you’ve never invested offshore before, you may not be sure which of the common myths surrounding this type of investment are true and which are false. Common misconceptions like the idea that offshore investments are strictly for world travelers or those with millions of dollars are, thankfully, untrue. Offshore investments can be beneficial for all kinds of investments regardless of their net value. Another fallacy is that all investments offshore are high-risk. Finally, it is important to note that while offshore investments can never completely eliminate taxation, they can be instrumental in reducing your total taxable income in a legal way.

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Top Ways to Utilize Offshore Savings Accounts

Savings accounts are perhaps the most common type of bank account on the planet, and now an increasing number of account holders are turning offshore for their savings accounts. This shift means that you can potentially pay less in taxes, meaning more profits for you. Offshore or international savings accounts also offer diversification and a reduction in your financial vulnerability as well as lower overall banking and maintenance fees depending on the location of your bank account. Finally, anyone who is planning to move overseas or retire internationally can benefit by having access to an account for rent, bills or cash in the local currency.

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Top 5 Offshore Investments for Retirement

Once you’ve reached retirement, or even if you are just planning for the next stage of your life, you might want to investigate the various types of offshore investments that are available. As both an investment and a more practical purchase, offshore real estate can be a great choice. To diversify your holdings, offshore mutual funds may be best, and offshore venture capitalism investments may be ideal for high risk and reward. Precious metals and offshore life insurance policies are two more options that can help to financially provide for your loved ones or dependents years into the future.

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Offshore Banking Goes Digital

One of the best ways to bank is by choosing an offshore bank with online banking capabilities. This lets you enjoy all the benefits of offshore banking, which include potentially lower taxes, anonymity, a lack of government intervention and greater diversification. However, you can also enjoy the modern convenience of online banking. Wherever you are in the world, and in whatever time zone you might be, you can quickly check on the state of your finances, pay your bills online, manage investments or make monetary transfers. When getting started, be sure to follow security protocol to avoid any problems with your online account.

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