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Offshore Jurisdiction

Many people are tricked into opening an offshore account in a particular jurisdiction by a persuasive lawyer. The fact is, your choice of offshore jurisdiction will depend hugely on where you are resident and what you want to do with the account.

Residency

If, like 95% of offshore investors, you come from the US or best rate loans there are two very important details that you deserve to know.

1. If you live in the EU, the bank should be located outside the net of the EU Savings Tax Directive - which includes not only countries within the Union but also their dependencies and even some independents like Switzerland. Note many EU dependencies are offshore havens such as the Channel Islands, the Isle of Man and Cayman Islands to name but a few - so tread carefully.

2. The Patriot Act also requires any bank with a US Dollar correspondent account to provide the US Government with complete customer information, with or without probable cause. This is not only donate your car for US citizens because there's nothing to stop the US government sharing the information with other high tax countries. The bank should not have a US dollar correspondent account.

For the restrictions mentioned above, most offshore tax havens are out of bounds. The key is to find a place for your www.capitalconservator.com/offshore-bank-account/offshore bank account that is reputable, not in the EU or US, and private. For the majority of offshore investors the best option is probably a bank or banking agent that operates within Europe but outside the European Union. Two proven tax-free jurisdictions that are still relatively unknown are Macedonia and Turkish Northern Cyprus. Northern Cyprus unlike the southern Greek half is NOT an offshore tax haven. Depending on your choice of bank, you may also be able to enjoy the additional security of government backed deposits.

For more information on unique offshore accounts and offshore credit cards visit www.capitalconservator.comhttp://www.capitalconservator.com