Why Going Offshore in 2021 Makes Sense?

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. Many, many high-net-worth individuals and companies have invested their money in offshore bank accounts all over the world.

In fact, in 2021, we believe that offshore banking remains a critical asset management strategy for people everywhere, much in response to the current economic crises faced by big governments.

COVID-19 Exposes Taxpayers' Money Mismanagement

Let’s turn to the United States, for example. Legislation and stimulus packages are being put in place to bail out individuals and companies, but at what cost? Eventually, taxpayers are going to be held liable for the cost of such legislation. COVID-19 relief is looking more and more like the treasury simply printing more money, a strategy that will only lead to massive inflation that will hurt investors. By the way, what’s the real cause for this situation? Are more dollars really needed because of COVID-19, or is it because of years of the mismanagement of tax dollars? Is it because of years of internal corruption and abuse?

If you are tired of feeling like a victim of unfair taxation, then you’re likely looking for better ways to protect your assets during these turbulent times, and it’s important to know that you aren’t alone. Although the mainstream media and financial “experts” might want you to think that offshore is dead, we’re here to tell you that it’s very much alive and an excellent option for asset management, and we’re going to tell you why.

First of all, the mismanagement of your tax dollars isn’t likely to come to an end anytime soon. Take for instance South Africa, where an audit showed a massive intentional misuse of COVID-19 funds. For example, in some cases, personal protection equipment (PPE) was purchased for FIVE times what the national treasury advised. The country’s relief funds were budgeted at 500 million rand (the equivalent of $26 billion). This amount equates to 10% of the country’s GDP….

In the United States, the Department of Justice has already started 50+ criminal prosecutions for fraud pertaining to the Paycheck Protection Program (PPP). As of August 2020, more than $525 billion had been disbursed via the program. A number of businesses were found to have received numerous loans, although they were only allowed one loan per business.

Stories like these are popping up all over the world. Massive amounts of money being injected into the economy are being abused and are causing inflation. Honest taxpayers are the ones who will have to pay for all of this, but who stands for the taxpayer in times such as these?

The truth of the matter is that you have to do your due diligence. If you are looking for a real way to protect your assets, offshore banking just might be one of your last real options.

Why Offshore Banking?

There are a number of reasons why you want to consider offshore banking. First of all, many offshore jurisdictions offer environments that are pro-business. While there are regulations in virtually every reputable offshore jurisdiction, there are offshore opportunities that make is possible to save big on your tax liability.

You don’t want to go into offshore banking with the thought process that you’re hiding your money, because this could be considered a financial crime, but offshore jurisdictions do offer opportunities for lowering tax liabilities while ensuring security and privacy.

If you’re looking for new and exciting investment opportunities, then you’ll be pleased to know that some offshore jurisdictions offer a variety of investment possibilities ranging from real estate to multiple currencies.

In a time when governments are taking fast action in a variety of areas, you never know when financial freezes and seizures could be on the brink. Offshore banking offers a way to prevent your assets from being seized or frozen by your government. With offshore banking, you can better protect your assets in tumultuous times.

To Conclude...

There are no quick fixes but getting started with offshore banking is relatively simple. The first thing to do is to study and find the right jurisdiction in which to invest. Then, you can likely go online to get your account set up and ready to go. Thanks to financial technology, much of offshore banking can be done from the palm of your hand anytime, anywhere.

If you’re concerned about the unprecedented times, we find ourselves in and you want to make sure your assets are safe, then offshore banking could be the solution you’re looking for.