Safe Caribbean Banking
Are you tired of confiscatory taxes that reduce your investment income to almost nothing? You might consider Caribbean banking to take the government totally out of the picture. By conducting your business from a "tax haven" country, you will avoid the taxes that many governments have passed in order to penalize actual wealth producers. While some governments are still trying to "spread the wealth around," some Caribbean countries understand that a "wealth positive" approach encourages more investment.
Step one is to find a country where you can do your Caribbean banking in safety and security. Lots of investors are now choosing Belize because of its positive political climate as well as its status as the only English speaking nation in Central America. Belize is free of the political instability that you see in many nations -- even those that have been famous as tax havens. It's a quiet, friendly country that respects privacy and is governed by the rule of law. And isn't that exactly what you're looking for?
The next step is to incorporate your International Business Company (IBC) so you can start doing business there. There are some great things about a Caribbean banking IBC that makes that particular country's financial institutions particularly attractive. For one, company officers of a Belize IBC are completely anonymous, and there is no public "master list" identifying the identities of those involved with these entities. The requirement is that there can be a single officer, so you don't have to worry about other interested or disinterested parties getting in the way of your financial aspirations. Best of all, the funds of your Belize IBC are complete exempt from taxation as well as orders of confiscation from any foreign governments or agencies.
Once you have your account set up, there are lots of things you can go through your Caribbean banking institution. You can actually invest in stocks and bonds directly, without any of the tax burden that you would generate if you were using your local bank or other financial entity. You can invest in currencies, and actually have multiple accounts with multiple currencies held at the same time. The sky's basically the limit, and the best thing is, you're regulated by the laws of the country in which you're doing business. So if your own country doesn't respect and recognize that people need to be able to make their investments with as little hassle as possible, banking in Belize or another Caribbean country will give you an edge over others who haven't made that step.
Remember: you still may be responsible for taxes and other fees in your home country if you do business in a tax haven. That's your responsibility to know and comply, so be sure you do so. Otherwise, you'll find that your Caribbean banking experience is overall a positive one that can be very profitable in the long run.
