Frequently Asked Questions

> What is a Tax Haven?

A Tax Haven is a country or territory with no applicable taxes to foreign companies. Only the local citizens may be subject to taxes. The country’s government will only charge certain fees to the corporation but there are no taxes on any assets or funds held by the IBC in that country.

> Do I have to travel to open an Offshore Bank Account?

Not necessarily. Companies that offer offshore banking services will often provide local assistance so that you will not need to leave the country in order to create an IBC or buy a Shelf Company.

> Is Offshore Banking Safe?

Offshore banking is considered as safe as any other type of banking. Any bank may fail, local or offshore, and the right offshore bank can provide you with the same degree of safety offered by a local bank. Large offshore banks follow international banking standards. If you have any doubt about the bank you are considering to open an offshore account with, it worthwhile obtaining independent information about the bank before proceeding with anything.

> Do Offshore Banks offer Online Banking?

Many offshore banks provide access for customers through online banking facilities.

> Who controls the Offshore Bank Accounts?

Offshore bank accounts are under your control, just as with accounts you open with local banks.