I have done some research two weeks ago regarding in which way and where I should park my investments without having to deal with tax problems. I arranged a meeting with my local bank branch and ask them what they would have to offer but they could only offer me a savings account with very few interest and on this "capital gain" I would even have to share with the tax man.
Being disappointed with my bank I decided to search on Bing for a more suitable solution to my problem. After some search I found an article that explained How to open an offshore account and what could be the best jurisdiction for my bank account. To my surprise are there not only many banks to choose from, they also offer much more interest for my money. A website that was extremely helpful for me is Stateside Finance. They offer every offshore service you can imagine, from Offshore Incorporation to Offshore Bank Account Opening Service.
I ordered a Personal Offshore Bank Account with them and just after a few moments I received a welcome email with the instructions and information what I would have to provide in order to set up my tax free bank account as soon as possible. Again, I was surprised because all that is required is just a certified copy of my ID and a utility bill. That is all. I mailed copies by email and the original certified copies the next day by post. After just one week my tax free account was ready and I transferred my monies into the save harbor of an offshore bank.
Today I use online banking, I have a debit and credit card and the best of all is I don’t have to worry about the tax man or my financial privacy.
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