offshore bank account, trusted ? safe?

hello...
i am from arabian gulf specifically from kuwait
and i have paypal premier account but
my country is listed in the non receiving money in paypal
so i can just pay i cant get money or running my own online business
so i am thinking to open an offshore bank account somewhere us/panama something like that
so that i can run my online business like selling online goods or stuff like that
so...
any advices on how to make my business safely and freely ?
getting offshore bank account or what exactly ?
its my first time so i need specific advices so that i do my work right
specific advices needed say more than what you want so that because i need it
thanks.

I'd try using a different payment gateway, because like your self many people on the net are at a disadvantage of using paypal.
Try AlertPay, or MoneyBookers.
~kiran_n444

While HUGE, powerful, long-established, FDIC insured banks having a LOT of issues recently due to credit crisis - you expecting to find "SAFE

I would not trust an offshore bank.

offshore banks are safe and trusted





__________________Offshore company incorporation and bank accounts in US and worldwideDebit Cards, Offshore Financial Companies and Bank Licenses

Using offshore bank accounts to get around the law or company policies is a bit unethical dont you think? I am not saying people dont do it, but there are also plenty of unethical people out there.

using offshore banks and companes is legal and also ethical, you just have to do it in a way to mnimize taxes and not do something illegal.





__________________Offshore company incorporation and bank accounts in US and worldwideDebit Cards, Offshore Financial Companies and Bank Licenses

Quote:



Originally Posted by u4t2t


using offshore banks and companes is legal and also ethical, you just have to do it in a way to mnimize taxes and not do something illegal.


I never said the act of putting money in offshore accounts was illegal or unethical, but the reasons why its done typically is. Such as trying to get around paypal policies, hiding money from uncle sam, etc.

Quote:



Originally Posted by u4t2t


using offshore banks and companes is legal and also ethical, you just have to do it in a way to mnimize taxes and not do something illegal.


If done in the proper manner can be legal.But i would not say it's ethic!

Quote:



Originally Posted by xNinja


hello...
getting offshore bank account or what exactly ?
its my first time so i need specific advices so that i do my work right


In order to go offshore try Natwest. This is a pretty large bank and they offer offshore accounts (Isle of Man) with just few documents to send out to them and with just 1 of deposit required.
You can also try Barbados National Bank. They are part of a largest international bank group and offer bank accounts with no deposit fee.

Be careful with offshore accounts. At least here in the United States, even having such an account attracts the attention of the Internal Revenue Service (IRS).
-mike





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