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Written by:
admin
12/1/2007
What is it?
Investing offshore, as the name implies means taking your money outside the borders of your own country and investing it in overseas markets.
Benefits
The main reason for wanting to do this is to spread the risk of your investment over more than one economy.
Besides, if you're living and working overseas, investing offshore may save you tax. All returns on offshore investments are currently paid without the deduction of tax.
You may also be able to reduce your tax liability in your home country by transferring savings and investments to an offshore bank. In addition to the tax savings, offshore banking offers confidentiality, security and greater global access and convenience.
Who can benefit from offshore investing?
Anyone living and working overseas for at least one full tax year may be able to save tax by investing offshore.
So, if I have to pay taxes, what is the advantage of investing offshore?
There are many other reasons to invest offshore, over and above the tax benefits.
Besides providing a legitimate way to minimise your tax liability, other important reasons to consider investing and banking offshore include asset protection, estate planning, confidentiality, and potentially better returns.
If I 'm unsure which offshore investment may be best for me, can I talk to someone?
Yes! Simply contact one of our financial consultants, such as deVere&Partners and/or visit this website to get a free copy of the Offshore Investment Guide.
And don't forget, our advisers can offer help & guidance on everything from investments to life cover, including saving for the future, estate planning, mortgage protection, retirement & estate planning.
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