Offshore Banking

We are thrilled to be able to introduce the very first of its kind offshore banking app. This app is now available on iTunes and is free to download.

offshore banking app
Offshore banking app available now on iTunes

Here’s a preview of what you will get when you download this gem:

Offshore banking is the ideal way to protect your savings and investments while providing diversification and safety. Learn what offshore bank accounts are all about!

Offshore banking is a subject shrouded in mystery. Offshore bank accounts are present in many popular movies and books and evoke images of vaults filled with gold bars, safety deposit boxes stuffed with multiple passports and accounts only known by a number and not traceable to any person.

But what is the reality? There are many misconceptions about the true nature of offshore banking. This App will set the record straight and answer many of the most common questions about the offshore industry such as: What is offshore banking and how does it actually work? What are the benefits of having an offshore bank account? Do you have to be a multimillionaire to benefit from having offshore bank accounts and investments? What’s the minimum amount needed to open an offshore account? Is it best to open an offshore account in your personal name or to use an offshore company or trust to open an account? Is offshore banking safe and legal? This App will answer these questions and more.

Get ready to pull back the veil on one of the most mysterious and misunderstood industries on the planet! This App will give you an excellent overview of what offshore banking is REALLY all about.

We hope you enjoy our offshore banking App. After you have read through the App, if you want to know more contact us and we will be happy to explain offshore banking in even greater detail.

Harbor Financial Services
Toll-Free: 1-800-589-0947
Phone: 1-972-447-8272
http://www.HFSoffshore.com
Services@HFSoffshore.com

Precious Metals Offshore

Are you interested in buying and storing precious metals securely offshore? Or do you have existing metals that you would like to secure offshore? We have the answer. HFS has partnered with two offshore precious metals companies that make it possible to buy, sell, store and transfer precious metals privately and securely.

See all the details on our website at Gold and Silver Offshore 

gold1

Move Your IRA or 401K Offshore!

Did you know that your IRA and 401K account can be moved offshore? Did you know that by moving your IRA offshore you can buy and sell U.S. & international stocks, futures, forex, ETF’s, mutual funds, precious metals and real estate? If you’re like most people you didn’t know this was possible. The good news is, moving your retirement account offshore is not only possible, it’s also easier than you think. And the best part: transferring part or all of a US retirement account offshore does NOT create any tax consequences.

Here’s how it works:

Harbor Financial Services Offshore 401k
Harbor Financial Services Offshore 401k

1. A Self Directed IRA account is established.

2. The client (you) directs the IRA to form an offshore company (LLC or corporation).

3. The offshore company opens an offshore brokerage account. The client has sole signatory control over the account.

4. The client moves funds from his/her existing retirement account in the U.S. to the offshore brokerage account.

5 The client may now buy and sell whatever investments that he/she wants to through the offshore brokerage account, with all of the tax benefits of an IRA/401k account.

We can take care of the whole process for you. If you’re interested in moving your retirement account offshore please call us to learn more.

Harbor Financial Services

Toll-Free: 1-800-589-0947

Phone: 972-447-8272

http://hfsoffshore.com/move-your-ira-offshore.aspx

 

Offshore Credit Cards Increase Privacy

Offshore credit cards are cards issued by an offshore bank in a jurisdiction that is different from the cardholder’s home institution. “Unsecured’” offshore credit cards with credit lines are very difficult for the average person to obtain because banks refuse to issue them. Most banks require possession of reliable credit histories and clients must demonstrate their ability to repay the loan. In case the customer is offshore the risk of extending credit is high and therefore the banks issue credit cards to those customers who have a long-standing relationship with the offshore bank.

One of a client’s main concerns is having access to funds. The most practical and hassle free approach is through securing credit cards. With an offshore card, we can withdraw cash or pay merchants at numerous locales all over the world. The special feature of an offshore credit card is that an offshore bank in a corporate name issues the card, avoiding any possible link to our onshore financial identity.

Secured Cards

Since most banks will not offer credit lines without some kind of insurance, they offer “secured” offshore credit cards as an alternative. Secured offshore credit cards involve depositing a certain amount (usually 125% to 150% of the credit line) to cover what you borrow. For a credit line of 20,000 U.S. dollars, a deposit of $25,000 to $30,000 U.S. dollars may be required. This aside, the card operates to all intents and purposes like a normal credit card. Most offshore credit cards carry a Visa or MasterCard logo.

Debit Cards

Another type of card often marketed as a credit card is an offshore debit card. Offshore debit cards are linked to an offshore bank account. They are not credit cards. The only money that may be spent is the amount stored in the offshore bank account itself. An offshore Visa debit or MasterCard is accepted worldwide just like a standard credit card.

Offshore Visa or Offshore MasterCard

Most offshore investors will not want to carry suitcases full of cash overseas, so a card that is part of a recognized network like an offshore Visa or offshore MasterCard is often the best option.

Advantages of Offshore Credit Cards:

There are some advantages to having an offshore credit card. They are as follows:

Offshore credit card processing offers a dependable and cost-effective solution for online payments to businesses.

Business owners can accept credit card payments in multiple currencies.

Offshore credit card processing services also enables the merchants to accept various types of credit cards.

The major advantage of securing an offshore credit card is that cardholders get the benefit of zero taxation and protection against currency fluctuations.

Offshore credit card processing has become one of the best practices of online credit card processing services. Through secured servers, customers can easily make purchases online now.

These advantages make securing an offshore credit card a viable option.

 

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Offshore Shelf Company

When we decide to form a company offshore we have the following three options from which to choose:

Brand New Offshore Company

This option is preferable when we need a company with a specific name. For example, a brand new company usually takes 2-3 weeks to complete the processing and to start the actual work.

Offshore Shelf Company

A fully-equipped organization is called a shelf company. When meeting deadlines are the most important part of the business, this is the best option.

Old Offshore Company

This type of company may be essential when a business needs to furnish a formal history going back for marketing purposes or due to some legal requirements.

Features

These are some of the features of an offshore shelf company:

An offshore shelf company is an offshore company (IBC) that has already been in existence for weeks, months, or years.

Most shelf companies are literally sitting on a shelf waiting to be purchased. Thus, they are aptly named “Shelf Company.”

A shelf company affords the same privacy and asset protection advantages that a newly formed company provides.

A small percentage of individuals and corporations that go offshore want to demonstrate that their offshore company has been in existence for several months or years. A shelf company is the perfect solution for this situation. After the shelf company is purchased, the bank and brokerage accounts are set up in the name of the shelf company, further allowing the new owner to do banking, investing, and business transacting in the name of the shelf company.

Shelf companies are more expensive than newly formed IBC’s. In some cases, a shelf company’s price may be several times the price of a newly formed IBC. This is due in part to the fact that each year that an IBC is in existence, a corporation must pay an annual or renewal fee.

The price of a shelf company increases each year by at least the price of the renewal fee. For example, if a shelf company is three years old, the purchase price not only includes the price of a newly formed IBC, but also includes three years of annual fees.

These are some of the features of a shelf company.

 

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Why is Offshore Asset Protection Essential?

With an increase in litigation in the U.S., most small business owners and professionals are seeking ways to protect their assets. These assets include savings and investment accounts and other wealth protection products.

Offshore asset protection is one of the more complex methods for safeguarding your assets. Asset protection packages exist in many different forms. Each serves a particular purpose for a specific reason. For example, it might be necessary for you to protect your assets from the government in order to prevent excessive taxes. You may also want to protect your assets from potential liability from lawsuits. There are many types of protection options you can use when necessary; each method you find necessary to use depends on why you need it in the first place and how much you need. This helps you to assess your risk level.

Some basic types of asset protection include investing in retirement accounts, family limited partnerships, and limited liability companies. The family limited partnerships and limited liability companies work specifically for setting up your business. They also protect your individual assets from any business problems.

A major goal of asset protection planning is to substantially diminish and reduce your financial profile. If you can restructure your assets in such a way so as to place them beyond the reach of future potential creditors, while at the same time maintain a beneficial interest in those assets, you have succeeded in substantially reducing your financial profile. Asset protection ensures that you are far less an attractive target for litigation.

A trust can be an effective tool for developing an asset protection plan. Customers and professionals have used trusts for centuries as a means of conserving and protecting property for trust beneficiaries. However, most domestic trusts do not provide protection from creditors. For example, the typical revocable living trust makes the trustor a lifetime beneficiary. The trustor retains the power to revoke, amend, and invade the principal of the trust. This type of trust provides no protection against the creditors of the trustors. Thus, the offshore asset protection trust is one of the best asset protection tools to date.

It is not always easy to determine the type and level of asset protection that we need. Consulting a qualified and experienced advisor is most conducive when we are not sure of the type of protection required for our situation.

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit http://www.hfsoffshore.com for more information about the company’s products and services.

 

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.