Nevis has increasingly seen its profile grow in the area of offshore banking, incorporation and investing. As a result, for over ten years, it has gained repute as one of the most popular destinations for offshore financial activities. This is due in large part to the stability of its government, national currency, excellent technological infrastructure as well as policies favorable to investment. Moss has maintained strong presence in Nevis as a destination of choice for many of our clients.
The Need For Nevis Offshore Bank Account
The benefits derived from offshore banking includes among others, high-level of privacy, comparatively relax legal regime, tax haven policies, easy access to deposits, safeguards against financial instability and local politicking as well as reduction in incidence of litigation.
Offshore banking began evolving as a concept and practice in the 1930s and since then, there has been a lot of adverse perceptions created and propagated against the practice including being an avenue for tax evasion and money laundering. Additionally, the financial health of offshore destinations have been questioned. These issues are quite derisory and inaccurate since offshore destinations rely on the financial stability of their economies and the state to continue attracting investors. The lax taxation offered is one of the key means of keeping the investor flow steady and satisfied.
Definition and Advantages of Offshore Banking
An offshore bank or corporation is one that is situated in a different country from the one where the depositor resides and usually offers fundamental benefits such as low or no taxation as well as friendly legal and financial regulations. It is estimated that over half of the world’s wealth resides in offshore destinations.
The ever rising rate of litigation in the United States and now the United Kingdom has made it necessary to safeguard your wealth and assets given the fact that attorneys may be reluctant to sue where there are no clear assets to attach in case of legal victory. We at Moss have wide experience with asset protection and management and we continue to help clients take advantage of friendly investment environment in Nevis to their benefit.
By protecting your assets in offshore destinations, you make it very hard for litigators to find anything of interest to them and financially imprudent for a lawyer to sue.