The cash crisis that hit the world has had many effects on our economies, our lifestyles and our savings. Here in the UK...
With many British expatriates choosing to keep their savings in onshore high street banks you may think that these homeward facilities offer greater rates for your savings...
The most urgent aspect of personal finance for expats to deal with is opening a current account.
We have put together a simple article on the banking options available to you including maintaining your account in the UK, opening an account in your new country of residence and opening an offshore account.
Offshore banking refers not just to a current account, but also to a much larger framework of trusts, other tax efficient vehicles and refined asset management services.
Offshore banking offers more flexibility than a traditional high street bank in the UK and, most importantly, added confidentiality.
Offshore banking takes place anywhere but your own country, usually in jurisdictions that specialise in attracting offshore clients.
Here we explain how and why you would choose to bank offshore.
The term ‘offshore banking’ refers not just to a current account, but also to a much larger framework of trusts and other tax efficient vehicles and refined asset management services. It’s an improved version of the private banking services that your high street bank offers, but with more flexibility...