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The Ins and Outs of Offshore Investments

Posted April 16, 2013 by Amarendra to Investing 0 0
This post was written by a EasyFinance.com Community member. The views expressed below may not reflect the views of EasyFinance.com.

Offshore investment is a word that you may have heard being thrown around in the financial sector, but what exactly does it mean and could you benefit from it?

What is an Offshore Investment?

Investing offshore means that rather than investing money in your country of residence you choose to invest your wealth outside the local jurisdiction.

What are the Advantages of an Offshore Investment?

When it comes to private wealth management, it’s fair to say that an offshore investment boasts a number of unique advantages. If you have done even basic research about offshore investments you will know that there is huge tax benefits associated with an investment of this kind. Some countries offer a tax efficient incentive to potential investors thereby helping you to multiply your assets without a large amount of tax being imposed. Some people feel that their investment options are limited in their own country and look to popular investment countries for financial freedom. Investing offshore can open up a number of investment opportunities that are not readily available in your country of origin.

What are the Disadvantages of an Offshore Investment?

The tax laws are getting tighter which could mean that lucrative tax reductions will soon be a thing of the past. If you want to set up an offshore account, the privilege does not come cheap. There will most likely be a minimum investment amount that you must be willing to cover if you want to invest offshore.  Like any financial investment, there is a certain amount of risk involved. In most cases, offshore accounts offer secure investment opportunities and if you choose a popular investment country such as the Cayman Islands, The Bahamas or Bermuda but choosing a country that is not so well known could present a significant financial risk.

What’s The Next Step?

If you have decided that an offshore investment is the next step, it is time to seek advice from the experts. Consulting with an experienced financial specialist is essential if you are thinking about investing offshore. An offshore specialist can fill you in on every aspect of an offshore investment and help you decide on the right financial path for you.

Go Online to Find the Perfect Investment

If you want to learn how you can invest offshore, go online to do your research. The internet is home to a variety of information portals regarding offshore investment opportunities and you can find out a whole host of information from the comfort of your own home. 

About Amarendra: Amanda revie, the guest blogger is a financial consultant and writer at Offshore Investment from Sanlam. She gives advices on problems related to finances.

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