An offshore bank account is a fundamental piece of your international diversification strategy. It’s especially important and helpful in present days when currency controls and government regulations are becoming even more intrusive, slowing down international business and transaction flow.
An offshore bank account allows you to internationalize your business and to place part of your wealth outside of the country without risking freeze or confiscation of assets by the government. A wide range of investment products and funds from offshore banks. A choice of major currency, leading to a potential significant appreciation of your account. Much higher interest rates.
A major component of the Foreign Earned Income Exclusion residency test is that your corporation and offshore banking are, at least in part, outside of the United States. Avoidance of your accounts being levied while you negotiate a settlement with the IRS in case of a tax debt. An indispensable tool for those conducting international business. An option of combining your offshore bank account with a U.S. one.
Accounting Firm providing Accounting Advisory, Tax Planning and Offshore Strategies to grow your business and protect your assets.