Read about the 10 Reasons why you need an Offshore Bank Account

Almost all of the banking systems in Western countries are fundamentally unsound?leveraged to the hilt and backed by the promises of insolvent governments. Worse, most of these banks only keep a tiny fraction of cash on hand to meet customer withdrawal requests. This means that in the event of a financial shock like another Lehman-style event, you could have trouble accessing your money.
If you look to bank in a jurisdiction with low debt and a history of a stability, you can find banks that don?t gamble with customer deposits (i.e., your money), are much better capitalized, keep more cash on hand, and are otherwise much more conservatively run than those in the US.


Offshore banks are almost always more responsible custodians of your hard earned-savings.

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[h=4]Reason #3: Asset Protection[/h] Maybe you think it?s just other people who live on the lawsuit firing line? and you live somewhere else. Think again.
The Legal Resource Network reports that 15 million lawsuits are filed in the US every year.


That works out to a new lawsuit for one out of every 12 adults each year? year after year. Unless you?re exceptionally lucky, sooner or later your turn will come. You?re not going to like it.


It?s no fluke that 80% of the world?s lawyers?over 1.2 million of them?work in the US. That?s where the action is. Your money is the trophy they?re competing for.


While there is no such thing as 100% protection, an offshore bank account can help make you a hard target.


An offshore bank account also protects you from being paralyzed by a lightning seizure by any government agency armed with a summary power to freeze your assets, since such summary powers can?t reach beyond the US. If you ever find yourself in a wrestling match with a government agency or with a frivolous lawsuit, you?ll have resources you can count on.

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