You’re probably aware that Credit Suisse is facing a banking crisis right now, and the ripples are being felt across the world, with other banks under scrutiny.  However, it doesn’t mean that you should avoid banking offshore as there are still several benefits on offer. While the Credit Suisse scandal has cast a shadow over

If you are considering ways to limit or reduce the amount of personal tax you are currently paying, then on your list of possibilities should be a move to Portugal. Portugal offers several tax benefits to non-Portuguese residents which the country has named the Non-Habitual Resident (NHR) regime. The NHR regime allows for reduced rates

What is an offshore bank account? An offshore bank account is an account held in a country or jurisdiction outside of the country you reside in. It can normally be opened in the name of an individual, corporation or trust and is often used as a tool to help protect wealth. Offshore bank accounts offer

Even though Russia looks to be losing the war with Ukraine, they remain an unknown threat to the stability of Eastern Europe and the Scandinavian countries that border Russia. As Putin remains unpredictable with what he might try next, it is wise for people whose country of residence borders Russia to consider options open to

The economic and political uncertainty not just facing the UK, but the rest of the world, means a shift to offshore banking for a UK resident can provide significant benefits and potential mitigation of risk. An offshore (or foreign) bank account is simply a bank account you have outside of your country of residence. There

Individuals and companies across the world have been caught up in the investigation into suspected tax evasion and money laundering involving Euro Pacific Bank, Puerto Rico. After the conclusion of an investigation by Joint Chiefs of Global Tax Enforcements, the bank was deregistered by the Puerto Rican authorities in June 2022. For those individuals based

As the pound falls to an all-time low against the American dollar, many people aren’t aware that offshore bank accounts can potentially mitigate against financial exposure through volatile exchange rates. There are several countries where British nationals can open bank accounts that offer the ability to hold multi-currencies. This provides flexibility – and peace of

Political stability often gets overlooked when it comes to managing wealth offshore. The Russian invasion of Ukraine has brought this to light. It has shaken the world, the stock market and sparked concern surrounding personal and business wealth which has, for some, already been affected by rising costs as a result of the pandemic.  “Historically,

Whatever your financial goals, adding an offshore bank account into the mix can help your funds go further, subject to your chosen jurisdiction. So, what exactly is an offshore (or overseas) bank account? Simply, it is a bank account outside of your country of residence. Depending on your circumstances, it’s a practical and secure way