Online Banking

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:

  • Confidentiality: by using nominee company officers, the ownership of a Gibraltar company is confidential and you can carry out business transactions, anonymously.
  • Zero personal and corporate taxation: being a Gibraltar Corporation the company is not liable to personal taxation and falls outside the EU tax savings directive. So details of transactions carried out from a corporate online bank account will not be divulged to any tax authorities.
  • No personal visit: You will not need to visit Gibraltar, personally to open an online bank account for your Gibraltar company.
  • No Inheritance Taxes: the ownership of your Gibraltar company and its assets can be passed on to your family without incurring any inheritance taxes.
  • Prestige: A Gibraltar company increases your standing as a business person.

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

Although, Saveontax has a high success rate in opening bank accounts,banks may determine and change their own policies from time to time and may also carry out their own due diligence on prospective clients. Banks therefore may decide to decline opening an account for any reason and success is not guaranteed.

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