Getting An Offshore Bank Account Via The Internet

Written by T. O' Donnell


Continued from page 1

If you want to get an offshore bank account, *consider visitingrepparttar bank in person*. If you can, travel torepparttar 135782 country in question, and open a bank account there. You probably live near one tax haven at least. This especially applies if you are planning to deposit large sums; find out who you're dealing with!

NOTES:

1. Don't pay a middleman to open a bank account for you. See above.

2. Do not use services which offer bank accounts in Eastern European countries.

You are likely to be cheated, possibly byrepparttar 135783 bank itself. Avoid Latvia!

3. Do not give anyone Power Of Attorney.

You can kiss your money goodbye. You may have legitimate reasons for not wishing to broadcast what you're doing. The problem is: *How can you obscure that you arerepparttar 135784 owner ofrepparttar 135785 company, or bank account, without losing control of it?*

Don't get too clever, or too greedy.

4. Avoid web sites where:

The business address is a P.O. Box, or a 'Suite';

The site is on a free web host;

The site is badly translated into English;

You haverepparttar 135786 sense you are dealing with Africans or Eastern Europeans;

The site has not been updated recently e.g.repparttar 135787 Copyright reads 2001;

They've only been running for a few years;

They offer a range of dubious products - second passports, citizenships, anonymous debit cards;

You cannot pay via credit card - it's much harder to get refunds on banker's drafts, Western Union and e-Gold etc;

They require you sign a confidentiality agreement, or you haverepparttar 135788 sense you are entering quasi-legal or illegal territory.

Bogus offshore banking sites can threaten to report you to your tax authority if you question their methods. It's an old con trick; getrepparttar 135789 mark involved in something illegal, then he can't go torepparttar 135790 authorities.

Offshore bank accounts and company formations are just like their onshore equivalents; there's no big mystery about them. If you want a company formation, contact a local registration agent, who speaks English, inrepparttar 135791 country of registration. Then use another local agent to check whatrepparttar 135792 first one's done.

Open your bank account yourself.

One last thing: *don't think that because your bank account and company are offshore you can do business in your home country, and/or with fellow residents, and avoid taxes there*.

You'll find plenty of websites that'll purport to help you, right up untilrepparttar 135793 time you get a small brown envelope from your country's tax inspectors, inviting you in for a little chat.

About the author: T. O' Donnell (http://www.tigertom.net) is an ecommerce consultant and offshore banking adviser in London, UK.




Mortgage Tips For The Frantic

Written by T. O' Donnell


Continued from page 1

Don't look for a home without being pre-approved. You will have much more negotiating power withrepparttar vendor, and may be able to save thousands of pounds.

Get a full, professional survey. Human beings can be perverse; happy to spend £150,000 on a house after a half-hour viewing, but be-grudge spending £500 finding out whether it's worth buying inrepparttar 135781 first place!

Find outrepparttar 135782 true value of your home. Get more than one independent appraisal. Compare it withrepparttar 135783 prices of similar-sized houses for sale inrepparttar 135784 same area.

Start gathering documents. Provide your mortgage company with documents in good time; don't let your rate lock expire!

Verbal (oral) agreements are worthless. When buying or selling property, always get it in writing.

When you do get your mortgage, check your payments are correct - dorepparttar 135785 mathematics. There's a one in ten chance you could be paying more than you should.

Review your mortgage regularly - this, and possibly remortgaging, will ensure you pay as little as possible in interest.

Finally, considerrepparttar 135786 following advice fromrepparttar 135787 U.S. Department of Housing and Urban Development:

Be sure to read and understand everything before you sign;

Refuse to sign any blank documents;

Do not buy property for someone else;

Do not overstate your income;

Do not overstate how long you have been employed;

Do not overstate your assets;

Accurately report your debts;

Do not change your income tax returns for any reason;

Tellrepparttar 135788 whole truth about gifts;

Do not list fake co-borrowers on your loan application;

Be truthful about your credit problems, past and present;

Be honest about your intention to occupyrepparttar 135789 house;

Do not provide false supporting documents.

A mortgage isrepparttar 135790 biggest financial committment most of us will ever make; worth spending a little time on, to get it right!

About the author: T. O' Donnell (http://www.tigertom.com/mortgages-uk.shtml) offers mortgage quotes, advice, an ebook and a mortgage calculator, in London, UK.




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