190-805 Protecting assets can go as far as placing them away to other countries. It is referred to as offshore asset protection. One can put his assets outside the United States to shield it from creditors at the same time allow it to earn.
Offshore asset protection is popular as it makes business affairs anonymous. There are forms of asset protection done offshore. These are establishing an offshore company and storing assets in offshore bank accounts. Offshore bank accounts are well-known since US asset hunters and lawyers have to means of locating or tracing them. Because of this, a lot of people opt to open up an offshore account as a form of asset protection. The most famous of offshore bank accounts is the "Swiss Bank Account".
190-950 What is a "Swiss bank account"? It is an offshore alternative of keeping money and other assets like gold, diamonds and other precious gems. Swiss accounts give you the strictest secrecy, total security and are tax-free. It also offers one to earn interest in any currency preferred by the depositor and allows online banking. Contrary to most beliefs that Swiss accounts are only for millionaires, everyone can open an account as long as you meet the bank's minimum balance required.
190-957 Before opening up a Swiss account, you need to select your bank carefully. There are hundreds of Swiss banks but the two biggest are UBS and Credit Suisse. These two banks have the most extensive networks worldwide and solid reputations. You don't even have to go to Switzerland to open an account. You can contact the bank you want to do your business with and the bank will tell you its terms and conditions. There are financial entities that provide help in opening up an account at a minimal fee.
Aside from the Swiss banks, there are other offshore banks that offer the same services as Swiss banks do. These other offshore banks may even offer better deals than Swiss banks.
Prior to banking, you have to make sure that it's the best deal for you. Remember, it's still your assets which are at stake no matter where it may be.
Offshore asset protection is popular as it makes business affairs anonymous. There are forms of asset protection done offshore. These are establishing an offshore company and storing assets in offshore bank accounts. Offshore bank accounts are well-known since US asset hunters and lawyers have to means of locating or tracing them. Because of this, a lot of people opt to open up an offshore account as a form of asset protection. The most famous of offshore bank accounts is the "Swiss Bank Account".
190-950 What is a "Swiss bank account"? It is an offshore alternative of keeping money and other assets like gold, diamonds and other precious gems. Swiss accounts give you the strictest secrecy, total security and are tax-free. It also offers one to earn interest in any currency preferred by the depositor and allows online banking. Contrary to most beliefs that Swiss accounts are only for millionaires, everyone can open an account as long as you meet the bank's minimum balance required.
190-957 Before opening up a Swiss account, you need to select your bank carefully. There are hundreds of Swiss banks but the two biggest are UBS and Credit Suisse. These two banks have the most extensive networks worldwide and solid reputations. You don't even have to go to Switzerland to open an account. You can contact the bank you want to do your business with and the bank will tell you its terms and conditions. There are financial entities that provide help in opening up an account at a minimal fee.
Aside from the Swiss banks, there are other offshore banks that offer the same services as Swiss banks do. These other offshore banks may even offer better deals than Swiss banks.
Prior to banking, you have to make sure that it's the best deal for you. Remember, it's still your assets which are at stake no matter where it may be.
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