For businesses and large corporations, it’s easy to see how offshore accounts can help save thousands and even millions of dollars each year. For private individual account holders, that number might be smaller, but it can still be a significant increase in profit potential. Offshore accounts are beneficial because they provide more stability, security and privacy than many domestic accounts, something anonymous bankers crave. In addition, a private offshore account may provide savings thanks to reduced rates of taxation or lower overhead and maintenance fees, both of which are common through banks and financial institutions in countries like Belize.
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