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 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...
