Offshore Bank Accounts

Offshore bank accounts typically offer a broader range of services than those offered by onshore banks. Healy Consultants provides strategic advice on getting the most out of an offshore corporate bank account.

Offshore brokerage account services - This type of offshore bank account facilitates tax-free, confidential online stock market trading. Profits are banked offshore.

Offshore merchant account services - This type of offshore bank account allows you to accept credit card orders from your customers via an offshore credit card processing service provider.

Trustee services - A Trustee is the individual, individuals or company designated by a Settlor to carry out the Settlor’s wishes according to the Trust Deed. The Trustee has complete control over Trust assets. Offshore bank accounts can be used to fulfil this role.

Corporate Finance and Letters of Credit - A letter of credit is an irrevocable payment undertaking of an issuing bank issued to a beneficiary upon request of an applicant for supply of goods, services or performance with documents stated in the letter of credit presented to the issuing bank. It is commonly available with offshore bank accounts.

Offshore bank accounts can receive higher interest rates on deposits than many domestic bank offer.

Offshore banking can offer people access to jurisdictions with stronger economies and stable political environments. This can be beneficial if resident in a more unstable market where domestic banking is not as strong.

Offshore bank accounts, or the offshore banking industry, are one way smaller and geographically remote nations can improve their competitiveness with the more developed nations.

Offshore companies, trusts and foundations can be linked to offshore bank accounts, offering strategic advantages to the individuals involved.