With cash a vital part of our clients’ portfolios, we realise the importance of advising you of the best banking services available. If you currently have accounts onshore, you may not be maximising the opportunities that come with offshore banking services.

When we introduce you to the Offshore Bank, you will be allocated a dedicated account manager and provided with their direct telephone number and contact details. We believe that this is the best route to a successful client relationship. I’m sure you will have all experienced the frustrations of telephoning your onshore accounts and find yourself speaking to 1 of 100 or more staff based in India who only acknowledge you as an individual by your account number rather than name.

There are many reasons why you should consider using offshore financial services, including:-

       The security and confidentiality which the premier offshore jurisdictions offer
       No exchange control restrictions. This allows you to move assets freely and without          formality
       Interest on your savings and investment accounts may be paid gross, without deduction of          tax at source (although you may have a liability to tax elsewhere)
       Holding assets offshore may have some tax planning advantages
       There may be inheritance tax benefits, depending on your country of domicile
       The offshore islands have sophisticated worldwide communication links, facilitating ease of          access

An example of the flexibility and features of one of the accounts available is as follows:-

       Instant Access
       Accounts available in Sterling, Euro or US Dollar
       Minimum balance requirement of £3,000, €5,000 or $5,000
       Optional offshore Visa debit card facilities
       Personalised cheque book (available for Sterling accounts only)
       Interest calculated on the daily cleared balance and credited quarterly, either to the same           account or to a separate income account
       Quarterly statements
       Facility for regular payments to the client or third parties
       View up-to-date information on your account balance
       Access to your accounts via the internet 24 hours a day, seven days a week.

Banking deposits made are covered by the Depositors Compensation Scheme contained in the Isle of Man Banking Business (Compensation of Depositors) Regulations 1991. The Isle of Man has a Financial Services Ombudsman scheme covering disputes relating to financial services offered in or from within the Isle of Man to individuals.