Why We Need an Offshore Bank Account?

1. 5 Myths about Offshore Banking You Might Have Believed

2. Many of the people think they don't need an offshore bank account. • They think that offshore banking is just for criminals and tax evaders. • Or, maybe, they think that an offshore bank account is just for the rich.

3. Much of this thinking is because of a lack of knowledge. • There are a number of different myths surrounding offshore accounts. • This article will dispel those myths and may help you understand, that if you are the type of person who wants to take responsibility for their own financial future, an off shore bank may be just what you are looking for.

5. Myth 1 - Offshore Banks are Located in Unstable Countries • As soon as you mention the term offshore bank account to someone, they immediately think of some politically risky country that they can't trust. But an off shore bank account means any bank account that is not in your home jurisdiction.

6. Myth 2 - Offshore Bank Accounts are Illegal • Offshore banking is legal, and it has to remain legal. In a global economy, money has to move between various countries to facilitate trade.

8. Myth 3 - Offshore Banking is only for the Rich • Companies and rich individuals have been using offshore accounts for many years. • But, that doesn't mean that they are only for the rich. • Offshore accounts can often be setup for under a thousand dollars.

10. Myth 4 - Privacy is the Only Reason for Offshore Banking • Much of the benefits of banking offshore come from privacy. But there are many other reasons to consider • Better range of investment opportunities • Diversified currencies

11. Access to your cash while traveling abroad • Better banking features and benefits