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Banks In Union Of Comoros – Common Myths About Offshore Banking

This is one of the most common myths that many people have believed.But the truth about offshore banks such as banks in Union of Comoros is different from what you think.<br>

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Banks In Union Of Comoros – Common Myths About Offshore Banking

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  1. BANKS IN UNION OF COMOROS – COMMON MYTHS ABOUT OFFSHORE BANKING www.prominencebank.com helpdesk@prominencebank.com 1

  2. Offshore banking has always raised an array of doubts in several people’s minds. Most of us can relate to the complicated aspects of financial banking when it comes to offshore banking. For some people, it can be quite a complex framework. However, it's important to understand that it’s not the case as offshore banking and now it has become simpler than you think over the last few years.

  3. Know that offshore banks are defined and regulated by offshore laws so that they will effectively regulate banking activities.But still many people are confused with the concept of offshore banks such as banks in Union of Comoros. There are many myths about the banks in Comoros which are misleading the people.Hence to avoid it let’s decode the myths about offshore banking.

  4. There are several weaknesses of various funding Banks in Union of Comoros–Common myths about offshore banking: Myth 1 – Offshore banking is an illegal activity: For a very long time, offshore banking has been considered an illegal activity. This is one of the most common myths that many people have believed.But the truth about offshore banks such as banks in Union of Comoros is different from what you think. Offshore banking is completely legal in many countries. excessive interest rates, and strict supervision

  5. A lot of countries nowadays encourage people to open offshore bank accounts so that they can improve their business. It is the practice which brings in foreign investment which will in turn strengthen the country’s economy. Though there wasa small percentage of such an account which may be connected to illicit funds, with the latest amendment made to banking secrecy, it has now become more protective and doesn’t protect criminals.

  6. Myth 2 – You have to be present physically to open the offshore account: When it comes to offshore banks, there are some banks which may require your physical presence but it's not mandatory. But a majority of offshore banks such as banks in Comoros allow customers to open an offshore bank account without having to be present physically. You can either send all your details to the bank directly to get open the offshore bank account or have a professional do it on your behalf. It will help you in cutting down the amount required for travelling to the location and also you can enjoy the benefits obtained from the banks in Comoros from the comfort of your home.

  7. Myth 3 – It is only meant for tax evasion: Offshore banking is not a place which promotes tax evasion. It provides the strategic option to plan the tax and also offers asset protection strategies. There are many regulations which are effective to discourage money laundering and illegal activities. The offshore banks are a great way to avail the lower tax rates and also sometimes it will be nil. In this way, you can protect your money and assets in foreign countries. For your investment here, you will get higher interest rates which will not be available in your residential country.

  8. Contact Us www.prominencebank.com helpdesk@prominencebank.com Island of Mwali +(44) 208 895 6493 Facebook, Twitter, Pinterest

  9. Thankyou

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