People might think that offshore investing is something that only really wealthy people do.
It’s actually misconstrued as something you might do if you're trying to hide your wealth from the tax office. That's far from the truth. Offshore investment simply means taking advantage of investment opportunities outside the country or region in which you live.
Offshore investments are the investments housed in a country other than the country in which the investor resides. These investments are popular, especially among the investors who want to benefit from tax advantage on the large gains by investing in the tax haven countries.
Typical benefits of offshore investment funds include:
- Tax-efficient investments in various currencies, depending on your circumstances
- The ability to hold money, make and receive payments in multiple currencies
- Foreign exchange management
- Access to international expertise and investment advice
- Money management in a secure and central location, connected to your local accounts