Posted: 07 June 2007
Offshore savers are becoming more discerning and rightfully demand more in return for an investment of their hard earned money.
Offshore Investments are suitable for many types of investors not just expatriates, however many are frustrated with the mountains of paperwork involved in buying and selling offshore funds.
The normal solution is to open an Offshore Life Assurance Bond with an offshore Life company such as from Friends Provident International, Zurich International, etc. These type of account simplify the dealing and management process and as long as you are receiving discounted entry through a reputable discount broker then costs are reasonable.
The added advantage and overall reason for choosing this type of account, is that some countries even offer tax benefits on the proceeds of these types of bonds - if they are established correctly. For example in the UK there are significant tax benefits on the gains, only when they are invested in collective funds (ie offshore mutual funds) and do not extend to ownership of shares or some type of capital protected bonds.
Non-domiciled UK residents and many other expatriate investors do not require the tax benefits of a life assurance wrapper and thus can look at other types of offshore accounts in order to consolidated their offshore fund portfolio.
Until now, every account we have researched either offered a very limited range of offshore funds, usually comprising of a in-house funds or in the few cases when there was a wider fund range, ended up levying high initial and ongoing fees, thus frightening away the astute investor.
This is about to change as our persistence has paid off and coming soon is a discounted fund dealing service through a Luxembourg bank which importantly for your own peace of mind and security, can be opened in your own name and allows you to easily trade a wide range of offshore funds (160+ fund management groups) and thus thousands of offshore funds. Ongoing fees are exceptionally low at just 0.12% per annum - incomparable to any other provider we have come across and a key point, as higher figures can really eat away at your profits. All this comes with the security of a bank in one of the highest rated offshore jurisdictions.
We will keep you posted and update here, once it is all up and running.
Best Offshore Bank Accounts Offshore Savings Account Offshore Banks Offshore Investments Offshore Accounts