How can an American open and maintain a bank account and other investments in Jamaica, West Indies?
Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays! In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades. And opening an offshore bank account in this day and age couldn’t be simpler either! Here are five straightforward steps to take towards opening an offshore bank account. Step One – Understand The Advantages Of Banking Offshore There is no point in opening a bank account offshore if it is going to be of no use to you! So you need to understand some of the general advantages of banking offshore. Depending on an individual account holder’s personal circumstances it’s possible to reduce tax liability, increase wealth potential and maximise privacy with the use of an offshore bank account. Further advantages for an expatriate or internationally focused individual are the flexibility, ease of access and global reach that an offshore bank accou
