What's the best offshore jurisdiction for my online business.
Learn what may be the best offshore jurisdiction for your online business is. We will have you to guide you through the process.
Regardless if you already know what offshore jurisdiction is the best for your business or your are still considering your option then please read.
We have made it easy for all to understand what a offshore company actually is and how to get the establishing process started.
Best Offshore Banking Options For An Online Business
Every business owner who is successful at what they do and are making a decent amount of income have one time or another thought about opening an offshore bank account. This holds true for an online business as well, especially considering how hard it has become to make money online today.
The last thing you want is to put that hard earned money to risk simply because they country in which you are based does not provide enough secure, discreet banking options. Honestly, given the kind of options that are available in the offshore banking market today, there is simply no reason to have that as a backup option.
Not only does that give you a whole lot of privacy, it ensures that you get to take advantage of much sounder banking systems and deal with banks that actually care about you as a customer and want to ensure the monetary best for you.
Besides you get to enjoy unprecedented asset protection. For instance, if someone sues you for money then you wouldn’t have to worry as much as your money would be safe somewhere else. Similarly, you would have protection against nosy, overzealous government agencies that would like nothing more than to freeze your assets at the drop of a hat.
It must also be noted that when you are opening a bank account offshore, you are also diversifying your currency portfolio and maximizing your purchasing power by holding foreign currencies. A domestic bank would have very restrictive options for that. Just like they have self imposed limits on interest rates and offer paltry returns for all the money that you keep in reserve with them.
Why must an online business care about offshore banking?
When you are earning enough to live by, taking care of money isn’t much of an issue. It becomes an issue when your savings start to exceed your spending. The banking system in most countries is rigged against the common people. Just listen to Bernie Sanders and his crusade against institutionalized banking.
For someone with wealth to spare, would it be a wise decision to be restricted to such choking financial and political climate? More than anything this applies to those who are based in the US. The only answer in such a case is an offshore bank account.
The best offshore option for online businesses
While most of the attention is paid to Switzerland and Panama, not many know that Belize offers some top notch offshore banking options as well. Its proximity to the US makes it a very lucrative option and the fact that you can virtually create an account with them while sitting at home, makes it even more worthwhile.
Banks in Belize do run security checks and ask you for a whole bunch of documents but there is no need to have a meet and greet to open an account.
Given this ease, it would be foolish not to create an offshore account. Your hard earned money is your power and it is very important that you protect it.