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May I take this opportunity to wish all my muslim brothers and sister,your family, friends and loved ones,
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There is a saying "A true believer is one who wishes for his brother what he wishes for himself"

So let us all live and respect each other.Let us create the spirit of UBUNTU

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 Banking Finesse

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Number of posts : 1
Registration date : 2010-08-27

PostSubject: Banking Finesse   Fri Aug 27, 2010 4:41 am

Offshore banking has always been a fascination for the fast money seeking investors. Earlier it was associated with wealthy people with enough money in bank. But slowly this perception has been changing. Although it is still sought after by profit seeking individuals, the investors in offshore banking now range from wealthy to not-so-wealthy alike.

The services from an offshore bank are the same as that of an onshore bank. The offshore bank offers many other advantages together with the onshore banks. They offer privacy and confidentiality to the customers. For those not wanting to reveal their invested amount, offshore banking is the way to go. An offshore bank is located outside the country of residence of the investor and offers him or her benefits that are not present inside the country.

The other benefits of offshore bank include profits and protection. The returns from an offshore bank account are high. This is so because the cost of running an offshore bank is also high that is incorporated in the profits from the investment. The banks do not retain these benefits as they want more investors to invest offshore. So they transfer the low costs as an advantage to the customers in order to attract them. Some of the best offshore account is provided by companies like Merrill Lynch, HSBC, ING Barings, UBS, Barclays, Deustche bank, ABN Amro among others.
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