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soul
07-20-2010, 02:56 PM
With industrialization creeping in every corner of the world, the concept of offshore banking is catching speed. The offshore bank is based in a jurisdiction that is outside the country of residence of the investor. It holds a great deal of prospects for those investors who are seeking much greater profits in these times of recession. The tax implied on these accounts is very less as the account work under the tax conditions of the jurisdiction in which it operates. It is also exempted from the tax structure of the country of residence of the investor.

In today?s times of political and economic turmoil, more and more investors are locating their funds offshore. These social, political and economic factors affecting a country are beyond its control. By investing in offshore accounts, one can be free from things like excessive tax implications and invasive financial restrictions. Besides the tax savings the offshore accounts also offer key benefits like privacy and confidentiality. Those investors who do not wish to reveal the amount invested in banks to the public can choose these accounts. Security offered by these offshore accounts is immense.

The need to open up accounts quickly and other such financial needs have given rise to online banking. The offshore bank accounts also can be opened swiftly, online. To open an offshore account online (http://www.worldenergycapital.com) is one of the easiest and most-cost effective ways of getting the funds from one place to the other. But one needs to do thorough research and analysis before zeroing on any online bank. This is because there are numerous illegal websites posing as representatives of offshore banks. So to avoid these pitfalls, one needs to do their bit of homework before entrusting their money online.
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Paul D'Arcy
07-20-2010, 04:28 PM
Well, that's pretty interesting.... I would be scared to death sending my money off to people I don't know and places I can't see. Do a lot of people really do this?
The fees are kind of steep too.... Yikes!

I guess I don't have the kind of ***ets to even consider this sort of thing :(

Forum Admin 2
07-20-2010, 06:19 PM
Personally not really my cup of tea. I would rather have my money here for easier access. Thank you for sharing :)

Moderator 1
07-20-2010, 07:21 PM
Thank you for sharing this with us, we look forward to your future posts throughout the forum. :)

modernmother
07-30-2010, 05:35 PM
Wow! I actually find this quite scary. I have been the victim of idenity theft and the culprits were from another country. From what I understand, it is next to impossible to catch theives who are located outside the country. Knowing this, I would be very, very leary to give my money to some strange company over the internet. I would rather deal with my local bank anyday.

I am sure it works out well for some people, but to me it is a little too risky.

Forum Admin 2
07-30-2010, 08:40 PM
That is so true! The sad thing is so many people fall victim to these scammers and these days the victims are getting charged instead, expecially the online job offers. Research and sticking close to home is the best bet :)

Dennis Anthony
08-03-2010, 03:41 PM
That is so true! The sad thing is so many people fall victim to these scammers and these days the victims are getting charged instead, expecially the online job offers. Research and sticking close to home is the best bet :)

Amen to that, FA 2!!
No way am I sending my money offshore for some n'erdowell to conveniently 'lose' or misplace (in his or her own account, no less).

We have enough banking scams here in the States to deal with.
I have no interest in exploring International scams.

Yikes!

:)

Moderator 1
08-03-2010, 04:24 PM
Unfortunately people fall for scams everyday. Have to be very careful when doing anything.

Forum Admin 2
08-03-2010, 09:25 PM
The sad thing is that the scammers are getting more creative and some of them look very legit :)

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08-16-2010, 11:13 AM
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Moderator 1
08-16-2010, 12:24 PM
Anyone reading this who does not read or speak French, may need the Google Translate tool. :)

j11_cook
08-16-2010, 04:24 PM
Just an FYI that I found out a few years ago the hard way. If you happen to trust a company or business offering to pay you to work for them and they are located overseas, you better be 110% sure that they are legitimate. It may seem legitimate in almost every conceivable way, but 9 out of 10 times, sadly they are not. I have had a lot of experience in various WAH ways of making money over the last 10 years, but I still got scammed by one a few years back. I guess I was to gung ho at the time.

To make a long story short, the company was based out of the United States. In the end, it turned out to be a scam and a bad one at that. I lost quite a bit of money and my bank account at the time I had had since I was 18 had to be closed. When I spoke to an attorney about getting my money back, there was nothing they could do, because it was overseas. Had the company been based in the US, then I may could have gotten something done about it.

So, a word to the wise is to just be very cautious about any business you decide to become involved with that is located outside the US.

Forum Admin 2
08-16-2010, 05:24 PM
Thank you for sharing your experience with us Jennifer. Researching is the best policy these days on everything and anything :)

Moderator 1
08-16-2010, 07:25 PM
Good advice Jennifer :)