https://www.varaluae.com/offshore-company-formation-dubai/offshore-account Offshore account: 5 main compelling advantages of an offshore bank account & how it saves you financially 5 Reasons why you should have an offshore account An offshore account has long since been a subject of great curiosity and debate by investors. This article provides in detail, information on what you can achieve when you open an offshore bank account like: Protection from high taxes and creditors Stability and freedom to make your wealth grow You can open an offshore bank account by first having an offshore structure and then opening a bank account in its name. Offshore account: 5 advantages 1. Less tax and more control An offshore account offers a tax advantage when it belongs to an offshore structure/entity. The offshore entity you may form can be an offshore company such as: An International business corporation A limited liability company or partnership A trust or a foundation Depending on what tax laws apply to you, these types of companies/entities offer more significant advantages in income and wealth tax compared to an individual personal tax rate; unlike if you’re living in countries like Canada or the USA. You hear many stories of individuals/corporations having to pay millions in taxes due to some change in their country’s Corporate Finance law. These offshore companies also offer an advantage in terms of other government duties/levies for transactions such as sale, purchase or transfer of assets. An offshore account can hold the proceeds from these transactions. Another advantage is that since the account is offshore there is no deduction of tax at the source. Tax, if applied, can be paid when settled as payable. An offshore account thus offers a comforting sense of control over your money. There are no hidden fees or charges due by you to some authority. 2. Protection from creditors In many legal disputes the creditors can get a court order from the First Court to confiscate the liquid assets of a debtor, even if the case goes to appeal in the next court. This order is difficult or nearly impossible to execute when the debtor has an offshore account in which he holds liquid assets. This gives you security from your creditors until the dispute is settled and also provides you with a bargaining edge. Your assets are thus protected from your creditors if you hold them in an offshore account. 3. Protection from unstable regimes Most offshore accounts are located in small but stable countries whose national income is derived by providing a dependable business and banking environment. Countries like Belize, Panama, Cayman Islands and Jersey (UK) are just some examples. They provide a foreign and private haven to your hard earned funds. These countries are politically stable, as opposed to perhaps your own home country, which can be risky to your assets.

1. Varal Consultancy DMCC, Dubai, United Arab Emirates
www.varaluae.com
Offshore Account
Helps Protect And Grow Your Income
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2. Varal Consultancy DMCC, Dubai, United Arab Emirates
www.varaluae.com
Who Are We
• Ramapati Singhania
– MD, Varal Consultancy, Dubai
• Offshore company
incorporation specialists
– RAKIA, Ajman & JAFZA offshore
in the UAE
– Seychelles
– Mauritius
– HongKong
We are
registered
members of
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3. Varal Consultancy DMCC, Dubai, United Arab Emirates
www.varaluae.com
5 Main Compelling
Advantages
● Less tax and more control
o An International business
corporation
o A limited liability company
or partnership
o A trust or a foundation
● Protection from creditors
o Assets are protected from
creditors
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4. Varal Consultancy DMCC, Dubai, United Arab Emirates
www.varaluae.com
5 Main Compelling
Advantages
● Protection from unstable
regimes
o Assets & wealth remain
safe
● Higher returns
o Multiple currency facility
● Freedom and
confidentiality
o Money securely locked in a
confidential location
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5. Varal Consultancy DMCC, Dubai, United Arab Emirates
www.varaluae.com
For More Information
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www.varaluae.com
Varal Consultancy DMCC, 502 One Lake Plaza,
Cluster T, Jumeirah Lake Towers, DUBAI
United Arab Emirates
P: +97144472061;
Su to Th, 8:30 to 17:30 hrs, GMT+4
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