Originally Posted by borked

Offshore business accounts are there to protect business assets from the tax man. You can't pay tax on a business in an offshore tax haven juristiction. You reinvest or invest that cash and let the money grow. Then you retire to your tax have and benefit from your hard earned work.

You can of course pay yourse;f a minimum salary and pay taxes on your salary. The second you draw your companies money in your country (those that have worldide tax statement; US/UK/France/Germany/Australie etc), you are in deep doodoo

For those looking to use offshore banking for 4ax evasion are just dumb - every time you use that ATM card it registers. Every time you use that VISA debit card it registers. All cards have a number. 99.5% of cards have a name. The number is immediately identified as non-local the minute it's entered into a machine. Using that card a few times a year in you counry will be fine. More than that and you are asking for big trouble. There are many sites that offer anonymous ATM, but for those that appear truly anonymous, the cost and the amount you can load is not worth it.

If anyone wants a pdf (100+ pages) of what ALL international banks agree to and to share to goverments, including those in Belize, Panama et al, drop me a line. I'll be happy to send it to you - it's a real eye opener.

Be careful, whatever your reasons. It's a different world out there today.