July 17, 2001 By: Rene Tse Website: http://www.first-financial-success.com What is offshore banking? Offshore banking is when you bank outside of your own country, particularly in a tax haven country. A tax haven is any country that has either a very low or zero rate of tax on personal, capital, business and other categories of income tax. They also offer banking or commercial secrecy. Offshore banking centers that are also considered tax havens include Grand Cayman, Bahamas, Anguilla, Vanuata, Naura, Turks and Caicos, and St. Vincent. Examples of transactions that occur in offshore banking: Receive deposits of monies, purchase, sell, discount, or negotiate on regular basis notes, checking, bills of exchange, acceptances, Issue letters of credit, provide trust services, purchase stock, debt obligations, or other securities for public or private distribution. Take time to expand your knowledge and research on reasons why many more people are banking offshore. The tremendous growth of offshore banking is astounding. In 1970, deposits in the Caribbean and other tax havens were $25 million. Just 18 years later in 1988 it was over $200 billion dollars! Click here for more information on Offshore Banking or to choose from a variety of related products and services. About The Author: Rene Tse is a successful author and publisher of http://www.first-financial-success.com.  A one stop resource for the offshore banking industry featuring articles relating to offshore financial planning, and tax reduction strategies.

 

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Merchant Accounts
Merchant accounts will allow credit card processing, giving you the benefit of being able to accept credit cards from any prospective customer and have the transaction completed at the time of purchase. Free merchant accounts can be found online and will save merchants thousands of dollars every year in credit card processing costs. More Merchant Accounts ...

Money Market Account
Money market accounts can be set up and managed online and you will appreciate the convenience of finding the best money market account available with Internet access. Since there is such a variety of money market funds for you to choose from you will need to review the specific features of each fund. More Money Market Account ...

Checking Account
Online checking accounts offer many benefits and with some that includes free checking. Checking accounts can be managed far more effectively and efficiently online. More Checking Account ...

Savings Accounts
Savings accounts vary considerably from one bank to another. There are a variety of choices for the type of savings account you choose like high interest savings accounts and individual savings accounts. More Savings Accounts ...

Online Bank Account
Internet banks offer such great features and benefits, it is no wonder so many people are using online bank services. Review all the options available to find the best online bank for your banking services. More Online Bank Account ...