Prepaid Anonymous Offshore Debit Card – Like Having Liquid Gold In Your Wallet

Traveling with large amounts of cash used to mean you’d either have to sweat it out with a big bankroll in your pocket or get writer’s cramp signing a bucketload of travelers’ cheques. But not any more.

Now, there are great ways to travel with cash stored in a credit card-sized piece of plastic that is NOT a credit card (though it looks like one). These currency/debit cards give you the confidence of cash, the ease of a credit card and all the privacy in the world.

Prepaid Anonymous Debit Card: Preloaded and Ready to Go!

Offshore Pro Group Prepaid Anonymous debit card card looks like a credit card, but has no name on it, just a numerical code. The user also gets a PIN code. The user calls his or her banker, who loads the card with a maximum 10,000 U.S. dollars .It can then be used to withdraw cash all over the world. Even better, there are no monthly limits of withdrawal, although a limit per withdrawal may apply. And you can reload the card when you run out of cash.

Now, it’s not free. When you purchase the card and load it for the first time, you pay a commission of 1%, not unlike an insurance premium in the event of loss or theft. Charges for each withdrawal are three euros or three U.S. dollars (depending on the type of currency loaded in the card) worldwide, though local ATMs may add on their own charges. And when you reload it, you pay a commission of 1% on the reloading amount.

Other good points...

• If you lose the card or it’s stolen, the card is replaced and your current balance is credited to your new card—worldwide and at no charge. And anyone who finds the card won’t be able to use it without knowing the PIN.
• You can use the card at more than 900,000 ATMs in more than 120 countries around the world. 
• Your privacy is protected—purchases aren’t made in the card user’s name.

Banking Secrecy: Panama's Anonymous Banks

If you are not convinced Panama is the right location for you to bank offshore still, take a look at these legal claims, supported by the actual articles, that are made by the Panamanian government.

• To begin with, we must establish that Panama has had a banking commission since 1970.
• This commission is forbidden from conduction research or investigations on bank accounts of offshore customers by article seventy-four. Punishments can be handed out if this law is broken.
• This punishment is further outlined in article one hundred and one, with the text saying that those breaking article seventy-four will not only have to pay a large fine but will also be taken to court under criminal charges.
• Article sixty-five forbids any of the commission members to look at individual accounts once more, though it does allow them to look at the status of a bank as a whole.
• If a person is caught in violation of extreme crime, he or she may have their accounts looked at and their secrecy given away. This is decreed in article eighty-nine.
• Two articles, one hundred and sixty eight and seventy, deal with the aftermath of intentional damage dealt by secrecy being unveiled. It outlines big punishments that clients could be facing for doing such.

 

As you can see, Panama cares about their secrecy. Don't just take our word for it, we recommend you read these articles of law for yourself. Panama knows that the more private their offshore bank accounts are, the more revenue they will rack up by having more business. Why would they want to turn away your business?

As numbered bank accounts are not allowed anywhere in the world anymore (remember the Swiss were once famous for them)  Panama will allow numbered accounts either. This is good and bad news as the numbered accounts were very secure but also were easy to lose track of as generations went by.

So how does Panama maintain secrecy? Outside of strict laws, they also allow individuals to create bearer share corporations which can hold their assets for them. These corporations will never be recorded publicly as the property of an individual looking to keep his privacy and the majority shares can be traded with great ease. This means you can have a corporation own your real estate, sell the real estate to someone for cash and simply hand them the shares to own the corporation themselves. Easy, huh?

There is no reason not to give Panama a try. They offer the best offshore banking in the world and it is easy to see why. Privacy is their business and they want to make it yours too, so give us a call and get started today.

Anonymous Offshore Pre-Paid Debit Cards.....

Purchase anonymous pre-paid debit gift cards in any name and address you desire. Use them to buy online anywhere Major credit cards are accepted

Completely eliminate the possibility of online identity theft. Make online purchases safely and with complete anonymity using our online anonymity services along with your anonymous pre-paid debit gift card.

These cards will work with websites that use the AVS (Address Verification Service) and do come with a 3 digit CVV2 number that most sites now require.

These are virtual cards therefore cannot be used at ATMs to withdraw cash. They are solely intended for online purchases and allow one to remain anonymous to the website they are purchasing from completely preventing the possibility of personal identity theft giving added security.

Take control of your online privacy today!

UK Attempts to Catch Tax Evaders

It is said that the British tax office, HM Revenue & Customs, is tightening its regulations in order to find and catch tax evaders with offshore bank accounts.

Revenue & Customs has called for an exploratory meeting with the 170 largest banks in the UK, so see what can be done to prevent tax evasion and to tighten regulations on offshore money storage. The Revenue & Customs booked an earlier success when five of the banks most involved in offshore banking opened up some of the secret accounts held at these banks. Barclays, HSBC, HBOS, Royal Bank of Scotland and Lloyds TSB agreed with Revenue and Customs to provide more openness about their clients.

By gathering information from previously undisclosed bank accounts, the Revenue hopes to create enough grounds for obtaining legal rulings that would force banks to disclose customer information. In an investigation among banks, which includes the filling out of a questionnaire, the Revenue wants to explore the willingness of banks to cooperate. It is not certain whether the Revenue will be able to legislate stricter rules with regard to offshore bank accounts, though.

The European Union, of which the United Kingdom is a prominent member state, has a common approach towards taxation of its residents when they invest outside of their country of residence, an approach that also involves offshore bank accounts. This approach is legally laid out in the European Union Savings & Tax Directive. The European Union Savings & Tax Directive contains a withholding tax, imposed on residents from the European Union when they invest in EU member states other than their own.

The EU withholding tax also applies to most offshore banking centres. Most offshore jurisdictions cooperate with the EU withholding tax. The UK falls under this directive as well, which makes it questionable whether the UK Revenue & Customs can make rules of their own to disclose offshore bank accounts. In its handling of offshore bank accounts, the EU withholding tax is based on the cooperation with offshore banks and it can only obtain anonymous information from the cooperating banks.

This means that the bank secret, which makes offshore banking so attractive for many investors, is still largely intact, and not likely to become subject to British regulations. The European Union Tax Directive/ the European Union withholding tax came into force in 2005.

Are Private Offshore Banks More Secretive?

Part of the reason why private offshore banks are called "private" is their reputation for secrecy. People expect private offshore banks in a country like Switzerland or Panama to keep confidential account records an issue between banker and client.

How Does Bank Secrecy Work In Practice?

The way a private offshore bank does this is twofold. Firstly, most offshore banks that purport to be confidential are located in countries with strong bank secrecy laws. The Swiss banking law or the Cayman secrecy law are good examples. Secondly, a typical characteristic of a private bank is its exclusivity. By keeping the number of clients down to a select few, and limiting the size of their own staff, well run private banks can limit the chances of a leak.

Very importantly, a smaller private bank that has no operations outside of its country of origin (often a tax haven or offshore financial centre), has no requirement to respond to information requests from foreign authorities.

Some private banks go a step further by offering numbered accounts. Although a numbered bank account is not the same as an anonymous bank account, what it may do is shield the identity of a private banking client from 3rd parties. When the client sends or receives a bank transfer, his account is identified by an account number --12345678-- but his true identity is known only to the offshore bank.

But when private banks over-extend themselves and establish operations outside of their jurisdiction, no amount of tricks, accounting intrigue, shell banks or shell companies can protect the identities of their customers. When a private bank in an offshore island or tax haven opens a branch in a country that seeks information on the worldwide bank accounts of its citizens, it ceases at that point to offer any bank secrecy advantage. Numerous cases where banks have turned over confidential records demonstrate this.

So, is a small, well-run private bank in a jurisdiction known for its secrecy laws guaranteed to keep your account safe and private?

Although this is one of the more confidential options, bank secrecy in one country is never guaranteed. Increasingly, alternatives are being utilized to protect confidentiality independent of bank secrecy laws. Offshore financial companies and trusts for example that are authorized to hold client funds can legally shield their customers from 3rd parties. In all cases, due diligence must be completed, usually a notarized passport copy and proof of residence being the minimum.

An Introduction to Offshore Incorporation

It’s true but as regards to the second part: taxes may vary. Mind Your P’s and Q’s and you will be playing with a full deck.
Some time ago, only superwealthy knew about all the advantages of incorporating offshore. By this you can plan your business tax burden, protect yourself in case of personal problems or national catastrophe. Going offshore is the best way to protect your personal and financial privacy, and your future well-being. Please note also that offshore banking industry and asset protection strategies are completely under the law.

If you need to open bank account with debit/credit card, wish to involve in the global investment project or to start your international business, going offshore is the best decision for you.

It has become almost impossible for today’s businesses to remain in complete privacy, free from excessive taxation and not vulnerable to lawsuits. Placing your assets offshore, you can protect yourself from illegitimate creditors.

By incorporating offshore you can become judgment-proof, as the world-wide courts are not recognized in the offshore jurisdictions, and tax-free, as there are no taxes assessed on in offshore trusts or International Business Companies formed in offshore jurisdictions.

If you wish you can be completely anonymous while maintaining complete control over your offshore Trust or International Business Company. Your offshore company may own an overseas property or just hold a bank account maintaining your anonymity.

To summarize the reasons why you should consider going offshore, these are the main benefits of it:

• Asset Protection

To secure against future claims such as judgment, divorce proceedings, bankruptcy, creditors and litigation

• Reducing Tax Liability

a foreign jurisdiction can offer unparalleled opportunities for reduction of your tax liabilities.

• Confidentiality

From competitors, claimants, ex-spouses, and other parties from whom you wish to keep your business interests private; and

• Estate Planning

Private Foundations, and Offshore Protective Trusts for accumulation of investment income and long-term benefits for beneficiaries on a favorable tax basis (without inheritance, income, or capital gains taxes);

• E-Commerce

Shifting business to an Offshore Haven removes restrictions, regulations and taxation. What can you do with 50% more time and money?

Do you have anonymous ATM debit Cards?

Our corporate offshore bank accounts come with a visa debit card good at ATMs around the world. Your name does not NOT appear on the card. The card does NOT tie back to the signatory on the bank account, but rather the anonymous bearer share corporation itself. Our visa debit card is issued by one of the largest banks in Panama directly.  When you use your card the money is withdrawn directly from your bank account. There are no card load fees because the bank is interested in your long term banking business.  This is NOT one of those anonymous debit cards run by untrustworthy operators.  You receive the same visa debit card as everyone else using this large well known bank.

How anonymous is the Visa Debit Card?

Don't be fooled by offers for Visa Debit Cards that have your name listed on the card.  This means that your name is being sent to the global visa database.  This database is used around the world every time anyone makes an online purchase and is easily accessed.  A visa debit card with your name on it totally destroys your offshore banking privacy.  We offer clients a visa debit card with only the corporation name on it.  Your name is not on the card, on the magnetic strip, or in the global visa database.  This is very important.

Offshore anonymous debit/atm card Scams to avoid

All too often we get customers who have come to us because they have been burned by fly-by-night debit card operators. Many people do not realize that these operators have no banking license as one is not required to issue debit cards in most jurisdictions. Typically these operators have absolutely no care about who they sell to. Your money gets mixed in with narcotics trafficers, money launderers, etc. Without notice the card network comes down, and you discover your atm card no longer works. Any money loaded on the cards is lost. This writer personally knows people who have lost almost $10k this way. Our bank cards have the visa logo and double as a visa card (debit). They are reputable and accepted everywhere.

Protect yourself - What to avoid:

• Significant "Card load fees" of between 1% - 5%.
• An atm card with no bank account backing it up. (No the card itself is not a bank account! LOL)
• Convoluted wire instructions.

Why would you consider a crazy fly-by-night anonymous debit card when you can get a proper corporation and bank account with a visa debit card that is respectable? The card traces only back to an anonymous bearer share corporation. Your money is kept safe in a real bank account, with full online banking, service in english or spanish, and a real visa debit card from a multi-billion dollar bank.

Debit And Credit Cards: Know The Difference

Many consumers often confuse a debit card with a credit card. After all they are both issued in a plastic card form and used for the same purpose. While a credit card holds a credit rating and credit score, a debit card does not qualify one for credit worthiness. A credit card is issued as a form of a loan from a credit card company. It gives you access to use their accounts to purchase goods. Every time you use your credit card in every purchase, you are actually borrowing money from the issuing credit card company.

By doing so, you are subject to their interest rates and other charges. You are billed of your debt including interest on the billing date. Along with your credit card bill is the amount due and the minimum amount to be paid for that billing period. If you cannot pay the total amount in full, you are required to at least pay the minimum amount with the remaining balance carried over to the next billing period. The carried unpaid amount due will again gain interest to be added to your next bill. This is just a chain reaction on how credit cards earn from the interest imposed due to non-payment of your debt from them in full.

Debit cards are plastic cards issued in lieu of checks on your checking account. It may be used as long as your saving accounts have sufficient funds. It is now widely accepted, and conveniently used by consumers in cashless purchasing instead of withdrawing cash from their accounts. It also minimizes the hassles of issuing and carrying checks around to get access to your personal accounts to pay for something. In debit card use, you are accessing your own funds not as a form of loan from a credit card company. Hence, you are not subject to any interest rates. It is just like cash shopping without using cash at hand. No loans are made during payment and without interest to pay.

Many banks favor debit cards because every transaction made is less costly than would a check issued for every transaction processed. Issuance of debit cards is also a form of income generating market for banks as they often charge customers a fee for debit card issuance. Banks also receive at least 1% fee of the purchased price from merchants. A higher rate applies to merchants when a signature is required to validate the debit card instead of requiring a personal identification number (PIN). Bank institutions justify the fee because of the greater risk for an overdraft when signatures are used than PIN verification.

Debit cards also impose greater risk for consumer than credit cards. Losing your debit card is like someone stealing your entire checking account. Anyone using that card can clean up all your account. Debit card is perfect for smaller purchases. It also limits your money machine visits when you run out of cash when buying something. The risk of misplacing your cash is lowered and there is no need to present any form of identification when paying with a debit card. A detailed report on your every transaction is also reflected in your monthly checking account so you can closely monitor all your transactions made.

A debit card is a good budgeting tool that puts limits to your purchases that is within your budget. While a credit card opens a venue for excessive spending habits as long as you don’t go beyond your credit limit. These two cards have one thing in common, that is the convenience of buying goods without cash at hand. Now, that’s convenient.

All About Credit Card Balance Transfers

The secrets of credit card balance transfers and what the lenders fat out of them.

What is a balance transfer?

A balance transfer can be explained simply as a balance transfer! When a balance is transferred usually from a credit card, but possible from a bank account or loan to a credit card with a offer interest rate (usually 0%) for a set period. It does not have to be the entire amount. The card receiving the balance will an interest rate for a set term, normally 6 months, but can be 9 months or even a year. Take a look at the current balance transfer deals currently available. This will give you a flavour of the typical kind of deal available.

Should I apply for a balance transfer?

It is important to remember that a balance transfer does not mean that the debt has gone away. It just means you are not paying interest on it. You will still have to maintain payments.

This may seem obvious but many people do not get this straight in their mind.

The basic criteria for getting a balance transfer is when you regularly have an outstanding balance after making your monthly payments. This is the amount you should look to transfer to another card. This will mean that for the period of the offer you will pay no interest on the balance (provided you make the minimum payments).

You should be very wary of taking up a balance transfer, if your overall debt is increasing. A balance transfer is not a green light to spend more money. The money you save should be used to decrease your debt.

What should I look for in a balance transfer?

You need to be aware of the following when looking for a balance transfer card

Good things

• Length of offer period.

• Offer Interest Rate.

• The zero or low interest rate charged on the balance.

• Possible transfers from loans and overdrafts.

• On some cards you can transfer from existing loans and overdrafts and still get the offer.

Bad things

• Cut-off period for the balance transfer offer.

• Hidden Charges on transfers.

• Some banks will charge a handling fee on the balance transfer.

How long the offer is valid for?

There is usually a cut off point from the account opening when the offer is no longer valid. Be very aware of this otherwise you could end up transferring a balance to a higher rate !!

What about new purchases?

Unless there is also a 0% interest rate on new purchases then you should avoid making new purchases on a balance transfer card. This is because the banks will look to reduce the balance transfer debt quicker than the new debt. Provided your credit history is reasonable, there is nothing stopping you having several cards for different purposes. A good way is to have a card, which specialises in 0% on new purchases and another card for balance transfers.

What happens when the balance transfer period finishes?

When the balance transfer offer period finishes the debt will revert to the typical variable APR. The lenders hope at this point that the cardholder will retain the card and some of the debt, so they can then start charging interest and making some money! So take into consideration the low interest rate credit cards. However, there is nothing stopping the disciplined credit card holder from switching to another balance transfer deal and closing the account. The cycle then starts again. Always allow 6 weeks to 8 weeks before the end of the offer period to apply for a new card. This means you can get the balance transferred to the new card before the lender can start charging the higher rate. You have to be organised to do this, but if you are it does work. People who regularly switch balances are know as card tarts.

The Golden Rules

There are three things to look out for with a balance transfer card

• As mentioned previously, the unsuspecting can get caught out when spending on a balance transfer card.

• Maintaining regular payments. If you miss a payment you incur some penalty, so be aware. To be safe set up a direct debit.

• The interest rate applied when the offer period finishes.

Good luck with your choice.

Business Banking Account Options- Freebies and Best Deals

Small business ownership can be a stressful and confusing task, as well as being extremely rewarding. Business owners need to be experts in several fields, many of which have absolutely no relation to their own specialty!

However, glossing over business details like investment management services, bank account opening, accountancy issues and marketing needs can have a really big impact on your business's bottom line. Here we look at how to make bank account opening, at least, less confusing for small businesses.

Small businesses need to get paid, so they need bank accounts! However, your choice of features and fee structures can mean substantial amounts of wasted money if they don't suit your business model or methods. One thing business owners should look for in bank account opening is the ability to bank online - without exorbitant fees.

If you don't understand the schedule of fees and charges that is provided to you, you can either ask bank staff themselves, or your offshore banking investment services. If bank staff are unwilling to explain the fees and charges in full, investment management services advise you to bank with another institution.

The first thing that business consultancy services advise when a company is opening a bank account is that personal account types simply don't have the necessary features for business banking. Unreasonable limits for business purposes may be placed on withdrawals or electronic activity, and the wealth of additional services for businesses is simply not available.

Business bank accounts may be confusing - however, getting the advice of a business consultancy service on which to open, and even how to use it, really pays off.
Business bank accounts now often have online services like check imaging, where you can see which checks have been deposited and accepted, and which are still floating.

If most of your banking is done by check, you shouldn't necessarily ignore online services - deposit ticket review services for corporate bank accounts can make things easier, and reduce your need for financial business consultancy services.

There are even features in the online sections of many major banks that can replace payroll services, for companies under a certain size. However, it is always advisable to check with your Hong Kong financial consultancy as to whether they are suitable in your case.

While bank accounts opened in different parts of the world differ greatly, you can either ask your business consultancy service to look for local accounts with similar features to the ones following, or use an offshore banking service to take advantage of great regulations and fee structures overseas.

You can find accounts that have features like:
- Free day to day banking when you keep your account in credit, and have few non-standard transactions

- 2,000 UK pound bonuses for businesses that switch to certain banks, but find that their fees and charges have not been reduced from their previous institution

- For businesses with turnovers above a certain amount, some banks will guarantee to beat any comparable banking offer from competitors.

International Debit Card How Tos

With the intensity of the global financial crisis not showing any signs of calming down and more and more people are becoming unable to make use of their money due to their bank accounts being frozen the use of international debit cards have gained great popularity. International debit cards have become widely accepted as the solution to making sure that one always has enough cash in bank that is completely safe from being frozen.


International debit cards are cards which serve as tools to access ones money anywhere in the world provided that there is an ATM. They are linked to a private offshore bank account, also called a primary account, from which the money is debited whenever the holder makes purchases or withdraws cash through his international debit card. The amount in the primary account belongs to the holder which means even by using the debit card he will still be using his own money, different from credit cards in which you spend the money which you do not have at the period.


With the many benefits an international debit card there are also many things holders and those wanting to be holders should know in order for them to be able to make full use of an international debit cards potential. Also, ignorance may make one commit mistakes which may make an international debit card practically useless or worse, destructive. To help you know more about international debit cards several frequently asked questions are given below for you.


1. How to get an international debit card?

There are some banks who now offer international debit cards for people who open international checking accounts. But, be warned, such international checking accounts usually charge checking account fees and also periodic and other charges with their international debit cards. But if you think the benefits outweigh such charges you can go open your checking account in these banks now. Or, you can go to companies who offer private offshore bank accounts without periodic or extra charges. These banks usually offer more costly debit cards but if you are planning to make use of your debit card for a long time such choice is better.


It usually takes a few days to two weeks for you to receive your international debit card after you order and pay for it. After receipt, sign the back, make sure to affix your signature properly. And dont forget to always bring a photo id with your signature on it whenever you have plans of making purchases with your international debit card. This is because merchants usually want to compare your face and signature to those on your photo id and your debit card so that they can keep themselves safe from debit card fraud.


2. How to choose an international debit card PIN?

Your international debit card will definitely come with a Personal Identification Number which you should change immediately to a number combination you are likely to never forget. If needed, you can write it on a piece of paper which you keep separate from your card and never use obvious combinations like your birthday to mitigate the chances of someone picking up your card and being able to guess your PIN.


3. What if you lose your international debit card?

In case your international debit card is lost or stolen, notify your bank as soon as possible so as not to give any chance for anyone to use your card to spend your money. Time is of the essence and your bank should know of the incident right after it comes to your notice. Either remember your banks customer service hotline or write it down or store it in your cellular phone. Make sure to provide your bank with a snail mailing address where they can send you a new card if needed.


4. When to use your international debit card?

International debit cards are handy in a way that you can withdraw money in any ATM in almost any country in the world. It is also safer than carrying cash and more convenient than using checks. Some international debit card providers also offer transferring your cash to a secure offshore bank account which is protected from estate laws and thus is safe from being frozen due to judicial proceeding or judgment.


5. What are debit card fees and overseas transaction fees?

  International debit cards usually charge cash transaction charges when you withdraw using your card and cash conversion charges when your card is used to pay in foreign currency. There are also periodic fees like monthly and annual charges charged by the international debit card provider. Just keep searching though, the growing business has given birth to growing competition and some offer the same services at lower costs.

Asset protection, bearer shares and anonymity

Time moves on, manners turn, so business customs should do the same. However, even in full swing of the global financial crisis, when tax authorities are aggressive towards probable tax evaders as never before, and super-confidential tax havens are quick to backwater, there are always smart providers advocating bullet proof asset protection schemes based on bearer shares and complete anonymity. It's not always that good as it is positioned.

First of all, what is it that the anonymity of an offshore structure is based on? Bearer shares and/or formal non-existence of the owner. Any of these concepts is doing great for the purposes of mere confidentiality, when you quietly do your business and don't upset anybody's interests, including those of the state and its tax department. As soon as you cross the line, all these high secrecy tricks might not be working. Behind the sophisticated paperwork, there always exists the real owner which is you. And it's getting more and more difficult for modern tax havens to hide you. If something goes wrong, in particular inferring a criminal tax investigation, and your home country inquires your tax haven, chances are your identity and true membership will be disclosed.

There are still a number of indeed un-cooperative countries, which will be protecting your privacy rights to the last breath, and the information about the real owner of the assets in question will never be divulged. Does it mean you and your assets are really safe? Below are a couple of situations for your consideration.

Situation one: identifying the owner. There exist judicial precedents of so-called «presumption of owner». If your offshore company happened to be a party to legal proceedings, and the court cannot identify the owner, the judge tends to presume that the defendant is the owner of the company. Now it becomes your burden to find the owner and/or prove that you are not the one.

Another example is even worse and easier, with no involvement of the judge-made law. When under certain circumstances the country's authorities cannot identify the owner of some property, this property may be recognized abandoned and subject to forfeiture to the state budget. Now you can go to law to prove that seizure was illegal because you are the owner, if you ever planned to do this.

As a matter of practical comment, apparently, it's safer to have someone identifiable as the holder of your shares, than just nobody. Even a mere nominee person would serve better than bearer shares.

Situation two: bearer shares and taxation. In many countries transfer of bearer shares falls into the gift category and is subject to the according tax. It means, you can accept and transfer bearer shares as many times as you want, but as soon as you are «caught» and all transfers have been proved retrospectively, all involved persons are in trouble for tax evasion. Add here non-reporting of foreign transactions, where applicable.

Actually, because of the known wide uses of bearer shares for money laundering and tax evasion, many jurisdictions have abolished bearer shares or restricted their free circulation. Nominee shareholding still plays nearly same role, and brings same challenges, if you mean to use it only to preserve anonymity. Nominee person is a nominee person, which can hardly appear before the court and claim to be the real owner of the assets in question.

Notwithstanding the aforesaid, we do not campaign against anonymous offshore structures. It is a tool that can serve its purposes. You are welcome to utilize it, but compare its net out to discern for yourself if that one is for you in advance. If you go for it, bear in mind the downside.

What Exactly Is An Offshore Bank Account?

Many people have heard of the term offshore bank account, but aren’t exactly sure what it is. While many people associate it with shady dealings and criminal activities, an offshore account is basically any account that’s opened outside of your native country.

There isn’t really much difference in one of these types of accounts than in the one you have down at your local bank. However, many people are interested in an offshore bank account when it’s time to report their income tax.

Many smaller nations offer these types of account services, including several islands such as the Cayman Islands and the Channel Islands. Other countries such as Switzerland and Belgium are also popular with banking customers. In many of these cases the local laws can limit or possibly eliminate the taxes that are usually levied on traditional bank accounts.

This is why some businesses and wealthy people often open a foreign account in small sovereign nations as they basically allow the account holders to virtually remain anonymous. In the past, offshore accounts were often used to hide profits from illegal activities and/or business earnings. This is because the person or businesses’ home country typically wouldn’t know about it because offshore banks weren’t obligated to report the accounts.

The account holders usually had to pay could little or no taxes to the bank’s host nation. However, in recent years the rules concerning these accounts have become much stricter. For instance, any account containing over U. S. $1,000 has to be reported as income, no matter where the bank is located.

A lot of people are opening an offshore bank account for legitimate reasons. Residents of unstable economies often open a foreign account in a more stable economy. This means their money is protected if their home nation has a financial collapse. Frequent travellers often have an account elsewhere due to more favourable exchange rates.

Anonymous banking

Offshore banking has many advantages and one of the most important ones is definitely greater amount of privacy. In 1934 Swiss Banking Act codified bank secrecy into a law. Under the principles of bank secrecy, privacy is statutorily enforced, with Swiss law strictly limiting any information shared with third parties, including tax authorities, foreign governments or even Swiss authorities, except when requested by a Swiss judge’s subpoena.

However, anonymous banking is not strictly true as a term as all Swiss bank accounts, including numbered bank accounts, are linked to an identified invidual under Swiss banking law. This law only permits a bank to share information with others in cases of severe criminal acts, such as identifying a terrorist’s bank account. Besides Switzerland there are also other countries where such laws exist. Tax havens such as Cayman Islands and Panama also have more strict privacy laws than other countries and are perfect for offshore bank accounts.

U.S also has a bank secrecy act but according to that financial institutions must assist government agencies to detect and prevent money laundering. Financial institutions must keep records of cash purchases of negotiable instruments, file reports of cash transactions exceeding $10,000 per day and report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. This means that financial institutions are obligated by law to monitor your business.

Tax havens

The U.S National Bureau of Economic Research suggests that roughly 15% of countries in the world are tax havens. These countries are mostly small and affluent.

This is a list of countries that are considered to be tax havens:

Andorra(no personal income tax), Anguilla, Anjouan, Antigua and Barbuda, Aruba, Bahamas(no personal income and capital gains tax), Barbados, Belize, Bermuda, Bosnia and Herzegovina, British Virgin Islands(largest offshore jurisdiction in the world by volume of incorporations), Campione d’Italia, Cayman Islands, Channel Islands, Cook Islands, Cyprus, Hong Kong, Ireland, Isle of Man, Labuan, Liechtenstein, Luxembourg, Macau, Malta, Mauritius, Macedonia, Monaco, Nauru(no taxes besides airport departure tax), Nevis, New Zealand, Norfolk Island, Panama, Russia(13% income tax), Samoa, San Marino, Sark, Seychelles, Singapore, St Kitts and Nevis, St Vincent and the Grenadines, Switzerland, Turks and Caicos Islands, UK(flat levy of £30,000 on their non-UK income), following U.S states – Delaware, Nevada and Wyoming, United Arab Emirates, United States Virgin Islands.

Tax havens’ main advantages are said to be in the areas of personal residency, asset holding, trading and other business activities. Some offshore banks operate with lower cost base and can provide higher interest rates than the legal rate in the home country due to lower overheads and a lack of government intervention. Interest is generally paid by offshore banks without tax being deducted, there are banking services like lower or higher rate loans based on risk and investment opportunities not available elsewhere.

Protection against local political and financial instability

This is a great advantage for residents in areas where there is a risk of political turmoil. People who fear that their assets may be frozen, seized or disappear, often use offshore banks for financial stability. Developed countries with regulated banking systems offer the same advantages in terms of political and economical stability though.

5 Offshore Credit Card Mistakes to Avoid

Everyone knows how hard it is to get a functional offshore credit card that's also half-way private.

It's not your fault.

Legislation like the patriot act makes it intentionally difficult for anyone to be secretive, regardless of whether the activity is illegal or not. Of all offshore transactions, an incredibly small number are illegal, yet offshore banking and the desire for privacy are routinely censured and dumped into the same basket as money-laundering.

Getting your offshore credit card or offshore debit card can be as easy or as difficult as you wish to make it. Fortunately, by the end of this article you will be much better prepared for the journey ahead.

If you are looking for privacy, ease-of-use and a card that actually works, avoid these 5 offshore credit card mistakes.

1) Getting a card that's issued in the wrong country. Its all well and good getting an ''offshore credit card'' from an offshore bank. But where is the card actually issued? If it's in a jurisdiction which has information exchange treaties with your home country, this is not a good idea. The best countries for card issue will be those with strong bank secrecy, good banking and little connection to your domicile.

2) Using your card at home. If the whole point of purchasing your offshore credit card is to prevent 3rd parties from discovering who you are, don't use your card at home. You may have the most high-tech anonymous unembossed card available, but that won't stop individual retailers or the cameras at an atm from recording you.

3) Cards with limited usability. Offshore credit cards issued by an offshore bank in a blacklisted jurisdiction may offer little functionality. Maybe it will be difficult for you to fund your card account because of the tax haven's reputation, or even worse your transactions may be automatically flagged as suspicious. Then again, some bank cards issued out of tax havens with undeveloped banking may not even work internationally.

4) Cards issued in your own name. If privacy is not a great issue, then a card that bears your own name will not represent much problem. But I would guess that for the majority of those reading this article, confidentiality is key. In this case, the best type of card will be that issued in the name of an offshore company, or one that bears no-name at all. The advantage of the company card is that transactions made with it are company transactions, more so if you are not a beneficial owner or director of the offshore company. A no-name or ''unembossed'' card offers the advantage of not revealing anything more than a card number when swiped. Your financial identity remains secret.

5) Cards with low transaction limits. If there's any advice you can take away from this article it is ''read the small print''. So you pay several hundred dollars for a credit card thinking that it will be possible to buy your dream automobile or yacht with your shiny new plastic, but then you find out the purchase limits are tiny or the card loading and ATM fees are phenomenal. If this is the case, you may begin to wonder if it was worthwile getting an offshore credit card in the first place. Ensure that the credit card has decent purchase limits, that you can use it online, in shops, restaurants and gas stations, and that almost any ATM worldwide will accept it. The best way to achieve this is to get a brand name bank card like an offshore visa or offshore mastercard.

Perhaps after reading this, you may have decided that getting an offshore credit card isn't right for you. But if you do decide to get your card, you can now enter into a discussion with offshore service providers and other vendors with greater confidence, and knowledge of what separates a card of true value from a rip-off.

Offshore Anonymous Pre-Paid Debit cards video

Hello.

Here is one of our video introduction of our product - Anonymous Pre-Paid Debit Card. 

Enjoy!

Prepaid Offshore Anonymous Debit Card: Keep Your Money Safe in an Offshore Bank Account

Tables have turned and times are now really tough as the global financial crisis has brought even the most abundant economies to their knees. Immense inflation, rising commodity prices and massive job layoffs continue to make life hard for everyone, especially the common man. People are barely able to keep their current lifestyle as the worldwide economic crash brings drastic changes to their lives.


Extravagant spending and not having to budget are merely things of the past. Today, every cent counts and budgeting is a necessity. How one spends his money may ultimately determine how long he survives the onslaught of this grave crisis. To make things worse, the rising degree of poverty and unemployment invite more crimes. Keeping money safe has become really hard and complicated. Also, those earning money out of their regular system are desperately looking for secure ways of hiding their earnings to avoid hefty taxes.


Banks are no longer safe for keeping money as your cash in bank may become frozen any instant. Cash in frozen bank accounts are restricted as to withdrawal which means having money frozen is like having no money at all. And with the federal government losing billions due to the thousands of banks that went out of business, the remaining banks have been granted more power and can now freeze bank accounts more easily than before.


The Belize laws have provided great opportunities for avoiding bank account freezing and hiding money from the government’s eyes. The Belize laws state that offshore bank accounts are fully confidential and free from any intervention or investigation of the offshore depositor’s home government. Being totally untouchable by the offshore depositor’s government, offshore bank accounts are 100% freeze proof and 100% tax free.


After transferring his money into an offshore bank account in his chosen offshore bank, the offshore depositor usually asks himself, “How do I access my offshore funds?” The answer is quite simple. The offshore depositor must choose an offshore bank with a prepaid anonymous offshore debit card. The prepaid anonymous offshore debit card will serve as the key to access, deposit and withdraw via ATM from his offshore account.


The prepaid anonymous offshore debit card can also function the same way as a credit card in the sense that in can be used to make purchases and cash withdrawals through ATMs, but better. Offshore prepaid anonymous debit cards do not carry bulky monthly charges and high interest rates. They also do not make the cardholder prone to being engulfed in debt because unlike credit cards that allow the holder to spend money he does not have, offshore prepaid anonymous debit cards allow the holder to spend only up to the extent of the amount he has deposited in his offshore bank account.

Keep your money secured in an offshore bank account and access it safely using your offshore debit card.

Private Prepaid Anonymous Offshore Debit Card Basics

The increasing danger of personal bank accounts being more and more prone to bureaucratic invasions of privacy has lead people to search for ways how to keep their bank accounts secret. As more and more people learn to maximize their creativity and resources thus letting them earn money out of their normal system the government is coming up with more and more ways to track the money made from these activities. And so there are now fewer and fewer ways to place money safely out of the reach of the government, which is the most eager to get a hold of it.


Private prepaid anonymous offshore debit cards have become the best way to enhance one’s privacy over his finances. With offshore bank accounts that are fully anonymous to the government, the offshore debit cardholders are given unlimited control and freedom of their hard earned money. With the great boom and growth in the offshore bank account industry fees for such accounts and their related offshore debit cards have become very cheap and now anyone can afford them. The reduction of the tax load brought about by keeping money offshore alone is enough reason to get an offshore debit card.


Introduction to Private Prepaid Anonymous Offshore Debit Card
The private prepaid anonymous offshore debit card is a financial instrument that can be used to withdraw funds the cardholder have deposited on his card provider’s affiliate offshore bank. An offshore prepaid anonymous debit card does not require any credit checks so everyone is eligible to have them. The card can be used in almost any ATM around the world. The card also provides the advantage of being able to draw funds in foreign currency, very convenient for those who are travelling abroad.


Using an offshore prepaid anonymous debit card is safer than carrying cash and more convenient than using personal checks. The card can be used to withdraw cash or pay merchants at millions of locations all around the world. The offshore debit card can be issued in a corporate name or in the name of the provider to keep the holder’s financial identity strictly private.


Clarifications on Offshore Prepaid Anonymous Debit Card Basics
1. Traditional Credit Card
The old fashioned credit card allows the holder to buy on credit and pay the balance at a later time to the credit card company. The cardholder thus spends money he currently does not have and pays later, with interests of course.

2. Debit Card
The debit card does not allow credit spending as it only allows the holder to spend the cash he has in his bank account. The debit card is directly linked to the holder’s personal savings or checking account also referred to as the primary bank account. All charges the holder incurs are debited to the primary bank account, and there are no huge monthly charges. The same account may have a checkbook tied to it as well.

3. Secured Credit Card
The secured credit card contains two accounts: a frozen bank account with the funds which act as a guarantee for the card - and the actual credit card account. Statements are mailed only in the months when something is charged to the account, unless the balance for the preceding month has yet to be paid off in full. And you are obliged to make a minimum monthly payment of 10% of the outstanding balance within a couple of weeks from receiving your statement.


Some Uses of a Private Offshore Prepaid Anonymous Debit Card
1. Spend your offshore funds while travelling, give supplementary cards to your family or even to people you don't want your family to know about.

2. Helps prevent your movements from being tracked by Big Brother. Although we might try to use cash, it is almost impossible to check into a good hotel or rent a car without a major credit card or offshore debit card.

3. A confidential card to match your second passport, as part of an overall privacy strategy
4. Pay for an alternative internet connection, or buy services over the Internet anonymously.