MISA – Why Should You Have An Offshore Bank Account - PowerPoint PPT Presentation

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MISA – Why Should You Have An Offshore Bank Account

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If you have a bank account at MISA then you can make it easier to send or receive money in foreign currencies. Whether you are running a business or planning your retirement. Read more: – PowerPoint PPT presentation

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Title: MISA – Why Should You Have An Offshore Bank Account


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www.mwaliregistrar.com/
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It will help a businessman achieve a broader
client and makes international business dealings
easy. So, lets dive into it. An offshore bank
account is nothing but a bank account that is
located outside the country of residence of the
account holder. If you are not staying in the
Union of Comoros then opening an account at MISA
will be considered an offshore bank account.
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Also, there is a popular belief that offshore
bank accounts are only for high net-worth
individuals and large corporations but its also
for people who wish to transact money
internationally. It is easier to open an offshore
bank account than before nowadays. A proper set
of identity proof and the minimum cash amount
will make it easier for you to open an offshore
bank account.
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Benefits of having an account at MISA
Send or receive money in foreign currencies
This is possible when you have a multi-currency
bank account. If you have a bank account at MISA
then you can make it easier to send or receive
money in foreign currencies. Whether you are
running a business, planning your retirement, or
a person who carries out international
transactions often, you can look for an account
at the Union of Comoros to make the process
easier.
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Tax savings The most important benefit one can
get with an offshore bank account is the tax
benefits. You will need to pay only less or no
tax for the amount you have saved here in the
bank. Hence, in this way you can save more money
which you can reinvest in the business to develop
the business. Also, you will get a higher
interest rate for the amount you have saved in
the bank. This will also be an added advantage
for the ones who wish to have to get more
interest in the amount saved.
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Thankyou
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