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Old 07-24-2010, 01:34 PM
dennis123 dennis123 is offline
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Jul 2010
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Default Investing Wisely

Investing is an essential element for those who want to get rich fast. Among the new devices of investment is the concept of offshore investment. Offshore investment would mean availing banking services outside the home territory of an account holder, in order to take advantage of the locational differences. Most of these offshore accounts are located in Cayman Islands, which do not have any governmental restrictions. The lesser rules and regulations allow the bank and the investors in earning more profits.

Besides the profits, offshore accounts also offer the investor with huge tax reductions and privacy. Tax concessions offered by these accounts are the key reasons why investors choose them over onshore investment. Taxes charged by the offshore account are way less than the onshore accounts. Some of the offshore locations are even termed tax haven because of this. Offshore banks usually operate in politically and financially stable jurisdictions. This allows them to function smoothly as well as without any risk of losing the funds invested by the investor. A secured investment is something that the offshore bank offers. The offshore investment can take place easily. There is no question of bureaucracy and red-tapism.

The fund invested in an offshore account is completely safeguarded and undisclosed to a third party. The investors, therefore, enjoy complete confidentiality and full security. The benefits accruing from an offshore account are many. The global investor has now understood the fact that offshore investment is for the common man and not just for the rich and the wealthy.

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