Wolfgang Zulauf Busts the Common Misconceptions about Offshore Banking
When it comes to overseas banking, the concept is still very sketchy for most of us. Offshore banking immediately triggers the idea of tax evasion or fraudulence, whereas the “fact” is completely different. Wolfgang Zulauf , the CEO of SUISSE BANK and a proficient banking expert, will help bust the common misconceptions that surround the concept of offshore banking. Misconception 1: Offshore Banking is only for the Rich A common myth is you need huge investments to open an offshore bank account and it is only meant for the rich & the affluent. However, the truth is overseas banking services are available for everyone who is interested to secure and grow their wealth in an offshore jurisdiction. Opening and maintaining an account is not necessarily expensive because banks such as SUISSE BANK PLC have low initial deposit amounts and also have flexible minimum balance requirements. Misconception 2: Offshore Banking is Illegal This is the most widely prevalent myth related to offsh