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Offshore – Opening A Bank Account


Most investors like to have their money and assets spread out across different jurisdictions to diversify their risks. Bank accounts in overseas location provide one such solution. At DNS, we understand that opening a bank account in a country whose laws you are not aware about is a difficult task. Also the increasing number of regulations and other compulsory information that the banks require like KYC (Know Your Customer) makes it difficult for the customer to quickly open their account. That is where we would help you in opening a bank account within 48 to 72 hours in any location in the world.

5 reasons to open an offshore bank account

Most investors like to have their money and assets spread out across different jurisdictions to diversify their risks. Bank accounts in overseas location provide one such solution. At DNS, we understand that opening a bank account in a country whose laws you are not aware about is a difficult task. Also the increasing number of regulations and other compulsory information that the banks require like KYC (Know Your Customer) makes it difficult for the customer to quickly open their account. That is where we would help you in opening a bank account within 48 to 72 hours in any location in the world.

  1. Diversify your portfolio

    Having your assets and savings spread over different jurisdictions ensures that even after financial or political turmoil you have other backup options readily available. Many overseas bank provide support in case of financial turmoil or government upheaval.
  2. Trading in different currencies

    This is especially true for expats who have to deal in multi currencies. There are many private banks which do offer such services.
  3. Efficient banking systems

    If your country’s banking system is unsound and has a history of buying toxic assets, then it is better to save your income in other parts of the world which has low debt and is much better capitalized.
  4. Higher interest rates

    Some banks offer higher interest rate on your savings deposit. This offer might seem lucrative especially for European bank account holders as these banks are currently offering the lowest interest rates.
  5. Tax Efficiency

    Tax havens have the least taxes applicable which means that they are one of the best options to save your income. However, you might need to pay taxes on the interest that you earn from the savings you have in an offshore bank account.

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