An offshore company, as its name suggests, is not simply a company that has gone abroad. There have been many people who have been fooled by its name. It has a totally different meaning than its literary meaning seems to suggest. It is a company that has been established for the sole purpose of taking advantage of the tax laws that exist in such offshore locations. Most of these laws deal with taxes that are normally imposed on large or medium-sized businesses. These offshore locations are strictly chosen with the utmost care by offshore companies after reviewing existing laws to ensure that corporations registering with their IBC or International Business Company can save a substantial amount of money.

International Business and Privacy Corporation:
Now that you know that an IBC is in the business of saving taxes for corporations, it goes without saying that such an arrangement should be kept in the utmost privacy. This is where a trusted IBC comes into play. When choosing your overseas location to deposit your valuable assets, you need to ensure that the IBC can be trusted to maintain privacy. Since most of the accounts belonging to IBC are under surveillance for various administrative reasons, unless the identity and account details of the person holding it are kept private, resorting to offshore banking is useless due to the prying eyes. In many ways, these IBCs are quite similar in form and function to those of Swiss banks. They offer an unprecedented level of security for your assets against major calamities that can occur in the form of economic and even physical disasters. Most people who are worried about their monetary assets can rest easy after entrusting them to a bank that is designed just for this purpose of safeguarding them.

Don’t be scared by the process!
After reading all this information about offshore accounts, are you wondering if opening an offshore account is a big task in itself? Well, don’t worry as your fears are totally unfounded. In fact, it doesn’t get any easier than this! All you need to do to get a personal account at an offshore bank is simply fill out a detailed form that asks for identification details, your business details, your official address and other information the bank needs to process your application. And there you go! Once you submit the application along with sufficient evidence to the offshore bank, you will receive confirmation of your bank account in a few days with the arrival of your confirmation email by courier. Once your account is opened by the offshore bank, you are assigned an account number along with an internet login ID and password.

Using this ID and password, the process of obtaining your offshore bank account is now complete. You will be able to access your assets knowing full well that they are safe where no one can touch them and no nosy investigative agency can stick their nose into your business.