Investing offshore has become increasingly mainstream in recent years, and is not just associated with the rich, famous, and wealthy (as the stereotypes suggest). Nevertheless, offshore investment opportunities are not for everyone. I recommend that you should always seek professional advice prior to making a new investment move and to consider thoroughly the advantages and disadvantages of such investments.
There are obvious benefits that come to mind to choose offshore investing such as helping to relieve tax as well as potentially being a safer bet than investing at home (onshore). But naturally this will bring up controversial legal and ethical questions regarding tax avoidance and tax evasion, which you must take into account for your specific situation, along with the pros and cons.
Offshore Investments: Some Advantages
Offshore Investments: Some Disadvantages
Offshore Investments: Closing Statement
Even though it has become much simpler and more transparent to invest offshore with the plethora of companies offering such services, both domestically in your home country and overseas, if you want to find out more about offshore investments, you unequivocally need to speak to an expert in this field such as a professional and experienced financial advisor. There are still too many pitfalls and unknowns that will arise later. Trust me, I have learnt this the hard way but am better for it. However, it is always best to be extremely prudent and cautious in these matters especially when (for example) you are looking to invest large sums of money or transfer your pensions offshore. It is better to be safe than sorry!
For excellent and impartial advice, please visit this link. My company and I have been using the services of this experienced and professional financial advisor for more than four years, and we recommend them wholeheartedly :)
By Mawdud Choudhury, CEO of Meedah Group Limited
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