Top 5 Benefits Of Offshore Prominence Bank Services

1
Top 5 Benefits Of Offshore Prominence Bank
Services
2
(No Transcript)
3

• What are Offshore Prominence Bank Services?The
  term "offshore" refers to a location outside
  national borders, whether that location is on
  land or in water. The term can be used to
  describe foreign bank accounts, corporations,
  investments, and deposits.What is an offshore
  account?In terms of offshore bank account, we
  can define it as a Prominence bank account that
  is opened abroad and supports the outsourcing of
  business activities such as manufacturing or call
  centers ..., in another nation instead of the one
  in which the company does business or any
  situation in which offshore investors reside
  outside the country in which they are investing.

4
(No Transcript)
5

• Benefits of Prominence bank accountsWhy do
  expatriate entrepreneurs prefer Prominence bank
  accounts for their businesses or investments
  abroad? Of course, it has huge advantages that
  help expats grow their business globally.The 5
  benefits of offshore Prominence bank
  services1.    SecurityFinancial security is
  often influenced by the politics of a nation or
  local jurisdiction. We have to admit that capital
  could be protected in countries that operate
  under stable regimes. There are some case studies
  to this point, such as the banking crisis in
  Cyprus of March 2013. In this period, banks in
  Cyprus closed their doors and their ATMs for
  almost two weeks due to many reasons.

6
(No Transcript)
7

• Later, a renegotiated offer from the EU allowed
  banks to reopen, but depositors were limited to
  withdrawing 300 per day and were prohibited
  from cashing checks, while transfers abroad were
  limited to 5,000 per person per month.
  Transactions worth more than 5,000 would be
  reviewed by a specially established committee or
  in some nations that are weak in controlling
  inflation such as Venezuela 2019, crisis-hit
  Venezuela tops a list of countries with the
  highest levels of inflation, with an estimated
  rate of almost 282,972.8 percent in April 2019.
  .2.    Tax advantageAn offshore bank account
  is one of the best options for tax optimization.
  Tax benefits can range from keeping your money
  outside the tax jurisdiction of your home country
  or the local nation you currently live into to
  protect it from taxes. However, the case still
  depends on your personal circumstances, such as
  the regulation of the country of residence.

8
(No Transcript)
9

• 3.    Personalized serviceThe offshore banking
  service is a type of private banking service.
  Most offshore banking centers offer a high level
  of personalized services. You can access your
  money in real-time through online banking, 24/7
  phone banking, the mobile app, and a variety of
  hassle-free payment options such as prepaid /
  credit cards. In addition, you are also served by
  a personal relationship manager. Customers prefer
  to speak with an assigned customer service
  officer who takes care of their private
  account.4.    Convenient and time-savingExpats
  often take business trips across the border
  frequently. They can stay in a specific nation
  for a period of time. It would be inconvenient to
  open a checking account every time you move to
  another country. As a result, an offshore bank
  account is the best solution for this
  situation.In fact, the reason itself is
  persuasive enough to open an account abroad.

10
(No Transcript)
11

• 5.    Currency exchange servicesAlong with other
  services, the offshore bank account is also
  specialized in online currency exchange service
  that allows you to complete your transactions
  quickly and efficiently. Faster and easier than
  traditional international bank transfers with
  multi-currency accounts. You can enjoy
  comparative foreign exchange rates, compared to
  regular banking when it comes to money transfers
  between currencies.As an expat, the need for
  seamless funds transfers and payments plays a
  crucial role in overseas business. You can put
  your worries away by having a smart solution to
  address them all by using Prominence bank
  services.

12
(No Transcript)