As featured in the Seven Hills magazine 2007 edition: Offshore banking offers a more international approach to keeping some of one’s money. Offshore banking explains Richard Cayne of Meyer Asset Management Ltd financial advisors in Tokyo Japan some very handy cost effective ways of accessing one’s wealth with more confidentiality than in one’s home country only. In addition for those who worry about political stability offshore banking may be seen as a hedge to ones portfolio to keep money in a third and neutral jurisdiction to the one where you are National or resident of. Many offshore banks are located in tax efficient jurisdictions that do not impose taxation for non-residents of the area making offshore banking quite tax effective depending on the nationality and residence of the account holder.
Seven Hills magazine’s readers are High Net Worth Individuals in Japan