Offshore Banking

wilbur101 | 11:15 Tue 13th Mar 2007 | Business & Finance

3 Answers

What are the besk offshore banks, with no link to the UK, with which to open a current account?

Value of Perpetuity

Charges to re-issue dividend cheques?

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WendyS

I don't know but if you were hoping to avoid letting the Customs & Revenue Revenue know about your transactions be aware that if you are a UK resident the banks are now legally obliged to provide them with details.

khana

That's not strictly the case. ANY Bank will supply details of their customers when provided with a court order to do so. The EUSTD which came into force ensures that either an anonymous tax is levied at source to any resident of the European Union OR they have the option of full disclosure to the relevant tax authority.

wilbur101

Question Author

I'm a non-UK resident looking for a non-UK bank. Was just looking for a recommendation, rather than Inland Revenue/tax advice.

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