Banking giving you a head ache?
If you are looking for an offshore account and want to take the hassle out of your search, speak to our friends at How2Yacht. Yotspot speaks to Phil Oxley about offshore banking.
"It's a good idea to get yourself an offshore account prior to entering the industry as once you gain a position on a super yacht you will be paid in tax free Euros, Dollars or Pounds. The offshore accounts are global and can take up to a month to set up so its best to do it well before you leave. We have a number of international Accounts for you to choose from, all of which offer the flexibility of multiple currencies, cards, cheaper fees and international support.
We will take on the application process for you, leaving you with the minimal amount of work to do yourself, so that you can concentrate on the more important task of settling into your new job or working on your exisitng one.
'Philip Oxley, Director, Private Client Adviser and Maritime Consultant'
Benefits of international personal banking include financial advantages (higher interest rates, cost efficient services), security and stability (safe jurisdictions and stable banks), tax benefits (no interest withheld), international access to your money (24/7 internet banking and phonebank) as well as access to international investment experts.
Our relationships are not with banks as institutions. We select and work with the best individuals representing particular banks who we have great relationships with. They look after our clients as if they were their own.
The biggest benefits of working with How2Yacht is that we are official agents of the most popular banks used by the yachting industry. Meeting us is the same as meeting a bank representative. We can identify you on behalf of the bank and certify documents. We understand the difficulties yacht crew face with other banks, like inability to provide a proof of address, high charges and a complex application process. We are alongside you every step of the way to make the process painless."
To speak to one of the team about opening an offshore account click here