An offshore bank is any bank that is outside the purview of the jurisdiction of the country of your residence. Recently, off shore banking is turning out to be a popular concept in large net worth individuals and companies, due to a large number of advantages offshore banking offers.
Worldwide, banking health is in lows, and frequently, many banks have to be given bailout packages, just to survive. Banks go bust because of the typical leveraging they go through, in giving loans and advances. Their loans and advances total become a fraction of the money investors put with them, and hence when banks go bust, their investors money with them also goes bust. Moreover, the governments also can take over banks along with investor’s money anytime. All these poses risk to the money in banks kept by investors.
An offshore bank lie outside the jurisdiction of your home country, hence your government or bureaucrats have no control over them. Your money is easily accessible in any part of the world making you truly financially independent. Moreover, a payments banks do not give loans from investors money, rather charges the investors for safekeeping of their money. Thus the money in banks is always safe from any leveraging. They also do not charge any tax.
In short, you can expect the following advantages:
Offshore banking is a perfect legal way through which international banking may be conducted. You get added security, confidentiality and unmatched privacy. You also protect your assets from prying eyes or from the risk of changing government scenery or policies.More facts on Why Offshore Bank accounts are good for you:
Governments, if they feel the need of it, will target personal assets of their citizen’s money for their use, if the situation is bad. Recent examples may be Poland, Ireland and Cyprus.
In 2011, the Hungarian government mandated its own citizens who were in private pension plans to migrate to state pension schemes, else forfeit their right to future payouts.
When you bank in your own country’s jurisdiction, any bureaucrat has the power to get your accounts frozen, or stop your access to your own funds, citing legal procedures. If the money is abroad, it becomes practically impossible, if not a very long drawn process giving you ample time, to do such procedures.
Aggressive lawsuits, near and dear ones, business associates might all have their eyes on your wealth. An offshore account takes this wealth out of their reach.
Opening an account with Monvenience is a pretty simple and straight forward process:
Check whether your country or your business activity falls in the restricted list at
If it is not in the list, then keep the following documents ready in your laptop, BEFORE you start the application process:
Now, you can start the application process:
You can also check the account opening charges and transaction charges at:
Waiting to see you onboard !