Offshore Bank Accounts: Indian Banking | Offshore Banking

Indian Banking

We have an excellent relationship with all the established Indian Banks in London. We are happy to introduce you to them to facilitate the establishment of your personal or business bank accounts.

The Banks between them have a host of products and services customized to suit your financial needs. Benefit from the flexibility in operating the bank accounts or the facilities offered to Returning Indians and the various deposit schemes available for Non Resident Indians.

All the Indian Banks in the United Kingdom are authorised and regulated by the Financial Services Authority. They would be members of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.

Offshore Banking

If you are non-UK resident or non-UK domicile, we can assist you to open and maintain an offshore private bank account. If you need access to confidential offshore banking, we can help you establish an account with a reputable Offshore Banks in Switzerland, Seychelles, Isle of Man or Dubai.

Opening an Offshore Bank Account

The advantages of opening bank accounts offshore are:


Features of offshore banking

* Offshore banks provide access to politically and economically stable jurisdictions. This may be an advantage for those resident in areas where there is a risk of political turmoil who fear their assets may be frozen, seized or disappear.

* Some offshore banks may operate with a lower cost base and can provide higher interest rates than the legal rate in the home country due to lower overheads and a lack of government intervention.

* Interest is generally paid by offshore banks without tax deducted. This is an advantage to individuals who do not pay tax on worldwide income, or who do not pay tax until the tax return is agreed, or who feel that they can illegally evade tax by hiding the interest income.

* Some offshore banks offer banking services that may not be available from domestic banks such as anonymous bank accounts, higher or lower rate loans based on risk and investment opportunities not available elsewhere.

* Offshore banking is often linked to other structures, such as offshore companies, trusts or foundations, which may have specific tax advantages for some individuals.

Please note that the answers contain general guidance only and do not constitute accountancy or other professional advice. Please speak to your accountant in respect of any tax issues which may arise. We recommend that for a specific accountancy or tax problem or matter a suitably qualified accountant, independent financial adviser or tax specialist should be consulted.