| With the recent changes to the legislation in the | | | | A top offshore banking investment or private |
| Bahamas making it possible for them to allow the | | | | offshore investment normally means investment |
| formation of private trust companies, you may be | | | | management offered on a personal level to the |
| considering moving your funds offshore. This article | | | | company or individual with disposable wealth |
| attempts to describe the various options for | | | | exceeding $100,000. You should take care when you |
| offshore banking and investments | | | | are thinking of opening a private bank account. You |
| Amendments have recently been made to legislation | | | | need to be sure that it is the sort of bank that you |
| in the Bahamas to allow for the formation of Private | | | | would like to do business with. Offshore banking is |
| Trust Companies. This is a demonstration of the | | | | not the same as private banking. You need to know |
| government's commitment to the delivery of superior | | | | the difference. Find out what banks hope to gain |
| financial services to all clients. | | | | from your investment before you open any type of |
| The government is in talks with stockholders including | | | | account. |
| International Trust Companies and Banks, The | | | | Private banking does not necessarily indicate |
| Bahamas Financial Services Board and other financial | | | | investment. Banks like to lend money to wealthy |
| institutions. Recently a seminar was held to discuss | | | | people. If you deposit money with a private bank |
| the review and use of legislation as it pertains to | | | | that is not accompanied by borrowing or lending you |
| Private Trust Companies. | | | | are not likely to be charged a fee. In the majority of |
| Private Trust Companies are formed for the purpose | | | | cases these banks will be hoping for more |
| of acting as trustees of single trusts. The majority of | | | | involvement from wealthy depositors in the future. |
| the world's wealth is held by private individuals and | | | | Wealthy individuals are normally bombarded by offers |
| their families. Private Wealth Management is about | | | | from many different banks wanting them to deposit |
| the preservation of that wealth. Private Wealth | | | | their money with their institution. Your residential |
| Management for families involves the creation of | | | | status will normally affect whether you choose an |
| programs to generate wealth, control the transfer of | | | | offshore banking investment or a conventional |
| wealth from one generation to the next and protect | | | | banking investment. If you plan to reside in a high tax |
| wealth from predators. These services are normally | | | | area or plan to do so in the future then you will |
| geared towards individuals with a high net worth. | | | | probably strive to make an investment with an |
| Most international banks offer a special rate of | | | | offshore bank. |
| interest to wealthier private depositors and call it | | | | Before you become involved with a bank you should |
| private banking. Minimums have dropped to under | | | | try and find out everything about it. You will be able |
| $10,000 in many cases. Many institutions are catering | | | | to choose the right bank for your specific needs |
| for the client with $20,000 to invest in the hope that | | | | after you have looked into what each bank can offer |
| they will have $200,000 or $2 million to invest in the | | | | you. |
| future. | | | | |