Manage your money 24/7
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by: metoprohk
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A flexible international integrated account for your everyday banking and a personal,secured and tax efficient way to manage your assets offshore.
1/ Available in sterling, US dollars or euro
2/ 24 hour internet and phone banking
3/ Make international money transfers
4/ Interest paid without deduction of tax
Like many of our clients, you live, work, or regularly travel abroad, you need a bank that understands the challenges of an international lifestyle. If you live in a country which is politically or economically unstable, placing your money offshore offers protection for your assets. Offshore accounts are not governed by your country of residence but by the laws of the offshore jurisdiction where they are held.
When you move abroad, your tax situation may change. You may benefit from this by paying less tax on your income from savings and growth in investments. No tax deducted on interest earned. Offshore income may not be subject to tax.
No inheritance tax, capital gains tax or death duties. Jurisdictions such as the Isle of Man and Jersey, Channel Islands have no inheritance, capital gains taxes or death duties (probate may be required in certain circumstances).
Your tax situation and potential benefits of placing your money offshore will depend on your personal circumstances. To take full advantage of your situation, it may be advisable to start putting your money into offshore savings and investments well before you leave your home country. Offshore banking is simply having a bank account in a location outside of your country of residence, usually in a low tax jurisdiction.
Home country commitments ~ maintain an account in your home country in order to manage regular commitments such as mortgage repayments, rent collection or paying school fees.
Host country services ~ You will need an account in the local currency in the country where you're living for rent, utilities and shopping.
Offshore banking ~ As someone living abroad, offshore bank accounts and specialist services can help you manage multiple currencies across different countries. They can also be used to accumulate money you don't need on a daily basis to grow and protect wealth in a potentially tax-efficient location.
Your Services Provider in Asia Pacific
http://www.magroup.com.hk
About the Author
Corporate Member of the HKGCC and Premium Member of HKTDC since August 2004. Founder of the Metopro Management (Holdings) Limited. Engaged in Accounting Management and Operations for both local and overseas retail companies since 1997. Mr Quan provides only the quality consultation in Accounting, Taxation and Management including Company Formation and Full Corporate Services. Motivational Management Style with the record of building and promoting highly skilled consultation teams. Dr Quan always assist our clients with eBanking setup once they arrived in Hong Kong. With their valid Original Passport and Residential Address Proof, we can assist our clients to sign all the documents in the Bank and submit all the statutory documents once the company is incorporated. Security of data being transmitted across the internet has become a prerequisite in any area dealing with finance.Our philosophy is to keep abreast of data security for our clients in a secure, reliable and cost efficient manner.
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