Although many successfully use their offshore credit cards there are a few pitfalls associate with their use. For example a US citizen has recently ended up in court because he used his offshore card to buy extravagances in the usa from a offshore account with un-taxed dollars, charged with tax evasion.<br><br>offshore banking is considered shady in the U.S., likely because the general public does not understand what it is and just how offshore banking works. Oddly enough, U.S. citizens are happily mislead to believe that banking anywhere outside the nation is a dangerous practice. In addition, the government does not want to see investment capital leaving the country.<br><br>Many offshore banks offer telephone and Internet based banking and these <a href="http://edlabanksul.angelfire.com/blog/">Recommended Site</a> are satisfied for the working executives. Nonetheless particular countries prohibit its residents from starting a offshore bank account.<br><br>The prepaid offshore debit card is the newest king of the electronic payment procedure after conquering the international debit card which has reigned for so long. The prepaid debit card that is offshore is a plastic card embossed with the Visa or MasterCard symbol that signifies its global acceptance. It can be used in making payments the same manner as <a href="http://rudybankuq.mywapblog.com/have-you-would-want-an-exclusive-offshor.xhtml">Read This Article</a> a credit card, just better. Credit cards allow the cardholder to spend cash he's to have, which he pays at a subsequent date with interests that are significant. Credit cards also provide high monthly fees. offshore debit cards that are prepaid nonetheless enable the cardholder to invest just as much as the balance of the associated offshore bank account, annual fees and has quite minimal monthly or and charges no interests .<br><br>These any many other advantages becomes accessible by going off coast. Then another question appears, about where and how you can invest and save in tax advantaged locations.