Blog Offshore News

The media and a number of financial experts would like you to believe that offshore banking is dead, but that’s simply not the truth.

In 2017, American taxpayers paid a total of $1.6 trillion in individual taxes, and despite new laws such as The Tax Cuts and Jobs Act of 2017 and an IRS reform bill that was signed into law in 2019...

The media tends to portray offshore banking as the ultimate evil in the financial world, but they tend to skip over the fact that there are many unregulated facets in the banking realm.

Right now, in the time of the COVID-19 pandemic that has spread around the world, asset holders are looking for smart protection strategies, and offshore banking promises a viable alternative.

When we consider taking assets offshore, perhaps one of the biggest advantages that people like to mention is the tax savings aspect.

Thanks to the investigations and coverages done by the International media toward money laundering, tax evasion, and everything else in between, the International banking sector is always in the spotlight.

Citizenship by investment lets individuals get the full advantage of an offshore jurisdiction - including an escape from political and economical turmoil in a host country - by becoming citizens.

Economic and governmental tension are encouraging investors everywhere to look for other ways to protect their assets. Among the most prevalent tensions include the upcoming elections in the United States.

2020 has brought a number of shakeups to the global stage. The coronavirus pandemic has completely changed the face of banking for people everywhere.

The recent FinCEN leak is a ground shaking new revelation that’s showing the world exactly what big banks know about how money is laundered and who is behind it all.

We’ve covered full-reserve banking in the past, as it offers a major benefit when you’re looking for a solid wealth management strategy, but we’re going to discuss this a little more today.

The COVID-19 pandemic has wreaked havoc on economies around the world, decimating gains earned after the 2009 financial crisis and destroying economies that were already behind.

If you are either considering offshore banking or are already involved in offshore banking, then you might be wondering how to keep up with changes in offshore jurisdictions’ banking policies.

It was once joked about you could put your money into a Swiss bank account and keep prying eyes out of your business.

Safety is paramount when it comes to banking. Technology has revolutionized the way the global banking market operates.

There are trillions of dollars stashed in tax havens. So, why don't we recover those and use them for the much-needed pandemic relief?

Perhaps one of the biggest perks of leveraging offshore banking is the anonymity it has long offered. Due to changing and tightening regulations, however, offshore banking isn’t as secretive as it once was.

The COVID-19 pandemic has completely changed the landscape of economies around the world in just a few months.

We are living in a decade in which digitalization of various industries was highly forecasted - and expected.

The Organization for Economic Cooperation and Development (OECD) recently released a report that uncovered a whopping $11 trillion of offshore assets held in offshore banking accounts.

As the pandemic hits the banking sector, many banks around the world are going belly up - both domestic and offshore. Many banks are at the mercy of government bailouts, clinging to federal assistance to stay in operation.

COVID-19 including offshore banking has wreaked havoc on virtually every industry. The banking industry has been especially impacted..

For years, Hong Kong has been a trusted offshore banking center for people around the world. High net worth individuals and corporations alike have flocked to Hong Kong to take advantage...

When it comes to offshore jurisdictions, there are few that are more popular than Puerto Rico. As an entrepreneur, you likely understand why asset safety and tax savings are so important...

Globalization and internationalization cause crises to impact lives around the world. Economic crisis and political crisis are already at hand as a follow-up to the COVID-19 pandemic.

There is never a good time to have a problem with a bank account, but trouble with offshore bank accounts can be even more stressful.

The COVID-19 pandemic has served as a reality check for many. Banks are seeing an urgent need to switch over to digital banking, and if they hadn’t already started the process.

The COVID-19 has caused great harm to economies around the world. In the U.S., the Federal Treasury (also known as the Fed) continues to print out...

COVID-19 has dramatically changed markets and investments around the world, and many have eyed ways to protect their assets now and as the pandemic...

While it’s currently unknown what the true overall impact will be, the COVID-19 pandemic has already made a huge dent in the global economy.

As COVID-19 seems to be winding down in some areas, the impact on the economy has been disastrous.

While there is no end in sight to the novel coronavirus pandemic, many people are wondering if it’s too late to protect their hard-earned money outside of their local banking system.

Currently, the COVID-19 (novel coronavirus) pandemic is wreaking havoc on economies around the world as it spreads and causes widespread panic.

Not since the economic disaster of 2008 has the world felt such a terrible financial decline. The coronavirus is causing multiple issues around the world. Hospitals are overrun, short staffed, and short on equipment.

Right now, it might seem like there is much uncertainty on the horizon. There is definitely a lot we don’t know about the direction the economy will take, but that’s not a reason to feel helpless.

Whether you’re a serial investor, high net worth individual (HNWI), or just someone who sees now as a great time to diversify your assets in the face of troubling times...

In the United States, it is legal to open an offshore bank account, but the rules regarding reporting for offshore bank accounts are stringent.

Since before the COVID 19 coronavirus made headlines for the first time, economists have been acutely aware of how pandemics can impact the economy.

Black Swan Theory was conceptualized by Nassim Nicholas Taleb and is used to describe any impact of events that come as a surprise in societal aspects.

Setting up an offshore company is a no brainer for many, and offshore company formation does indeed offer a wealth of benefits. For instance, you might be interested...

This is a question that many, many people ask. If you are interested in diversifying your assets or planning a more robust wealth...

The coronavirus originating from Wuhan, China, has left people around the world in fear. The virus, which is now being seen as a pandemic, has already caused more than 500 deaths...

The answer is yes, but it’s not a simple yes. First, we must discuss the details of something called AEOI.

Indeed, if you are serious about creating a solid wealth management strategy, then offshore banking should absolutely be a part of your plans.

In the United States, all citizens are legally required to report their income, and this extends to any international income or assets held.

The number of Americans giving up their citizenship in the U.S. rose to an all-time high of 5,411. One of the biggest reasons behind this increase? Taxation.