International Private Banking

Offshore Banking: A Defense Tool

2010-10-24T22:52:00.000-07:00

Offshore banking is not illegal. Instead, it is a tax haven for offshore companies. It provides financial and legal benefits. Many businesses use offshore banking as a way to protect personal and professional assets. The majority of countries offer a low tax structure for offshore companies. Through offshore banking, companies are able to safeguard their assets from litigation and creditor attachments. Offshore banking offers the following benefits:

Greater privacy and anonymity

Easy regulations and easy access to deposits

Protection against financial, political, and local instability

Low or no tax on business revenue and deposit interest

Low or no tax on personal assets; secure account exempted from tax assessments

The most important benefit that offshore banking provides is that the account is strictly private and protected from creditors, and other interested parties.

The Benefits of Offshore Banking

Offshore banks are considered to be tax havens. Offshore jurisdictions typically exempt offshore companies from paying taxes. Selecting an offshore bank is a legal right for both private citizens and businesses. It is a great option for safeguarding assets.

Tip to Remember

When choosing a destination for offshore banking,look for stable countries and strong economies with a developed financial and economic sector. A jurisdiction with a good reputation is as important for security as it is for offshore banking.

Research the offshore banking laws of Panama. The country provides the best resources for offshore companies.

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Harbor Financial Services

2010-10-24T22:50:00.000-07:00

Through Harbor Financial Services (HFS), Sam Hall ensures the convenience and safety of offshore account transactions, provides customers with financial privacy, and safeguards personal and business affairs. Harbor Financial Services conducts business in a multitude of offshore jurisdictions. These locations include the following territories:

The Bahamas

Antigua

Nevis and St. Kitts

Dominica

St. Lucia

The Turks and Caicos Islands

Curacao, Ireland

The Isle of Man

Switzerland

Luxembourg, Austria

Panama

Harbor Financial Services, caters to the financial needs of a worldwide clientele. Utilizing worldwide connections, Harbor Financial Services also offers a wide range of offshore banking product packaged options. The following represent some of the unique approaches of Harbor Financial Services.

Harbor Financial Service offers a Complete Offshore Package that includes everything needed to establish an offshore banking and investment account. Clients can tailor their packages to meet short- and long-term financial needs. Clients save time and money over traditional approaches to investing.

Harbor Financial Services offers rock-solid security. Clients can rest assured that not only will their assets be safe, but also their privacy.

Harbor Financial Services ensures its clients that establishing an offshore investment account will be simple and affordable.

Offshore Financial Services

2010-08-31T22:28:00.000-07:00

HFS specializes in providing turn-key solutions for clients. HFS can recommend offshore products and services to suit anyone’s needs. We have helped clients with every scenario imaginable and can find the solution that will be the best for any circumstance. Once an offshore plan has been recommended HFS has the experience, expertise and know-how to put it into place. We can form offshore companies, trusts, open offshore bank and brokerage accounts and establish secure offshore addresses; all in the locations that are most advantageous to a client’s individual circumstances. Because HFS can do all of this, our clients don’t have to leave their desks to have a complete offshore solution tailored to their needs and then implemented.

What makes HFS unique?

Packaged approach saves time and money. HFS’s packaged approach to going offshore makes the process fast, simple and affordable. HFS's Complete Offshore Package includes everything needed to go offshore and can be tailored to the individual needs of the client, making it useful for all scenarios and situations. With the Complete Offshore Package there are no surprises or guesswork and clients save time and money over traditional approaches to going offshore. For more information about the Complete Offshore Package please visit the Packaged Services page.

Rock-Solid Security. That’s what everyone who goes offshore wants. And this is what HFS’s approach to going offshore delivers. When HFS establishes offshore structures for clients, a multi-jurisdictional approach is employed that weaves a network of anonymity which translates into rock-solid privacy and protection. This gives clients complete peace of mind and the confidence of knowing that their assets are safe and secure. To see how this works please visit the Rock Solid Security page.