- Only money launderers have offshore bank accounts
- It’s difficult to resolve issues with your account
- Only rich people can afford an offshore account
- Opening an offshore account is a difficult process
- Maintaining an offshore account is hard
Only Money Launderers Have Offshore Bank Accounts
This is a huge misconception. Offshore accounts and investments are normally an “under wraps” topic. Unfortunately, the only time we seem to hear about them in the news or any other public forum is when people are abusing them to facilitate illegal activities.
But offshore bank accounts are used for quite the contrary. These accounts are used to secure and grow your money is a stable and secure economy while maintaining currency diversification.
It’s Difficult to Resolve Issues with Your Account
The Caribbean and Central American countries are becoming popular destinations for opening offshore bank accounts. Although some of these countries may be “third world”, they are not lacking in communication services. Telephone and internet services are up to par with those in more developed parts of the world.
Working with established Belize offshore services providers like Belize Corporate Services or International Corporate Services will guarantee a very satisfactory experience with every interaction. The expert staff at these firms will be sure to work along with you to resolve any issues that may arise in a timely and friendly manner.
Only Rich People can afford an Offshore Account
This is another popular misconception. Offshore accounts can be opened with an opening balance of as little as USD $500. These offshore bank accounts carry many of the same services as domestic banks to make banking from your home country easy, like internet banking and a debit card to easily access account information and funds.
Opening an Offshore Account is a Difficult Process
Opening an offshore bank account in Belize is a fairly straight forward process that can be streamlined in a very timely manner. The officers at the offshore service providers will guide you through the entire process of gathering the necessary requirements and completing the application form.
Aside from opening an offshore bank account, these offshore services providers also assist in the formation of offshore IBCs, private foundations and offshore trusts. All offshore accounts in Belize enjoy tax-free status among other benefits. See more benefits of offshore investing in Belize here.
Maintaining an Offshore Account is Hard
This is quite the contrary. Offshore bank accounts often offer more competitive interest rates on deposit accounts than domestic banks, and they often provide 24 hour online and telephone banking services to easily assist with any queries the account owner may have. Account owners can also get a debit card to easily access their money from whichever country they’re in.
