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Home > Offshore Investing |
Offshore Investing Basics: Foreign companies can be spectacular investments particularly in Asia. A bumper crop of companies with low costs and substantial markets has emerged over the past few years. The easiest, safest way to invest in these companies is via a foreign-stock mutual fund. These funds invest solely in overseas companies — and sometimes only in a particular area like Europe or Asia. More...
Offshore Tax Laws: Any US person (citizen or permanent resident) can open an offshore bank account but cannot keep it secret from the government. You might be able to save a little tax only if you are willing to commit a felony and perjury! More...
Offshore Banks: Generally, Current Accounts pay interest on your balance. You can maintain your Current Accounts in U.S. Dollars, or have it invested in any number of foreign currencies. Some offshore banks offer "multi-currency" privileges too. You can deposit money in one type of currency and withdraw funds in another currency. Most current accounts also provide you with checking privileges, and with the spread of ATMs, some offshore banks even provide you with an electronic banking card. More...
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