Offshore Banking - Are Offshore Bank Accounts Legal And Why Would You Want One?

The presidency loses respect with every promise that is broken. When they run on platforms they never intended to fulfill, we are watching. We remember what we were told. A president can play smoke and mirrors for a little while and distract us for a moment, but we eventually realize that some things were promised us and they aren't being fulfilled.Think of it this way, if you use a screwdriver to break a window, you are committing a crime. But, the screwdriver itself is not illegal. It is the same way with offshore banks. They are tools that can be used for good or evil.DON'T: Pay a higher percentage in home mortgage interest, should you decide to buy a home, than you have to. Shop around, as part of your preparation, and read the fine print. Hire an independent financial consultant or a C.P.A. who is knowledgeable about the biggest family expenses, and listen to the advice about the best types of mortgages you can get. And don't rush. You are money ahead to stay in a small rented apartment in order to save your earnings for a large down payment and to pay off all debt BEFORE you purchase a home. You can save tens of thousands in interest just by having a big chunk of change to put down on your home and by having an impeccable credit rating and no debt when you shop for lenders.Given that your business is just starting out, you won't have the money to do that. This hurdle brings us back to the offshore bank account where there are no minimum deposits required and approval takes only a week.Websites that offer to open an offshore banking account in some foreign tax shelter for a specific amount of fee. Most of these would promise to open the account in jurisdictions where there is a demand-supply gap. Not all of these are scams and many of these would save you a lot of time and effort from your part in the preparation of correct documents.Well the set up was very professional and there were many video's where the CEO was talking about the legality of the business and he had a so called attorney beside him on the video reading a contract of authenticity and binding agreement that this was indeed a super dooper amazing business with bells on.new legislation, tax relief, offshore bank balance