Online bank accounts can be used to transact business, offshore, but if you are considering opening a personal online bank account this does not guarantee that you will save on tax or that your business affairs will remain confidential.
Under the EU tax savings directive, countries such as Gibraltar and other offshore centres can disclose details about your online bank account to the tax authorities in your home country. Furthermore its necessary to produce full due diligence documentation for a personal online bank account.
The same rules do not apply to a corporate online bank account and many individuals now use corporate online bank accounts to carry out international business and investments that legitimately utilize funds that otherwise may have been taxed in their home country.
If you wish to use an online bank account you may consider purchasing a Gibraltar offshore company. There are many advantages that the ownership of a Gibraltar company can bring to your business:
For £650 Saveontax can open a corporate online bank account for you with a highly Rated Bank with a debit card and Internet banking facilities.
Please Contact Us for more details about forming a Gibraltar Company and more information about an Online Bank Account
Find out about our special rates for forming a Gibraltar Company