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Are tax havens legal?

As the name suggests, tax havens are locations that offer foreign individuals and businesses little or no tax liability. A list of some of the most popular tax haven countries includes the Bahamas, Belize, Hong Kong, Panama and the British Virgin Islands. These countries tend to have lower rates of tax than that of the

Factors to Consider When Comparing Offshore Banks

It is without a doubt that banking offshore can be beneficial for certain individuals. It can provide access to foreign currencies or financial products not available in the UK, along with more privacy and the potential to be more tax efficient. But managing an offshore account can also be complicated, with varying factors determining which

WHY FREELANCERS SHOULD CONSIDER BANKING OFFSHORE

The coronavirus pandemic has changed the work landscape, and the perception of remote work. Having a choice of work environment and location has now become a key factor for those in search of a better work-life balance. Companies across the globe are also more likely now, than ever before, to access freelancers both for cost

OPENING AN OFFSHORE BANK ACCOUNT IN THE BVI

Located in the Caribbean, the British Virgin Islands (BVI) is famous for its white sandy beaches, lush mountain terrain and famous shipwrecks. A hotspot for tourism, the BVI is also a popular jurisdiction for many to base their offshore banking, thanks to its stable government, well-regulated legal system and flexible legislation for opening an account.

3 BENEFITS OF OFFSHORE BANKING

Offshore banking often brings one of two things to mind: either a type of bank account used exclusively by the ultra-wealthy, or, the type of account used by those who have something to hide. The reality is, offshore bank accounts appeal to a broad client base. But what are the benefits associated with having an

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.