Banking Offshore: "Offshore Is Looking More And More Attractive" According To New Report

2010 update to the Q Wealth Practical Guide To Offshore Banking explains why entrepreneurs should move offshore for wealth management and asset protection. Provides actionable and practical steps to choose, open, and manage offshore bank account.
By: Stephen Tenier
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Jan. 29, 2010 - PRLog -- Q Wealth Limited, London- Secret agent numbered Swiss Bank accounts may be a thing of the past, however as financial uncertainty continues to brew and ever increasing numbers of investors are searching out safe havens, private banking and discreet offshore wealth management is looking more and more attractive.

Although 2009 featured very public crackdowns on tax evasion tactics, billions of dollars are still pouring into the offshore tax havens and banks. The reason - it's all perfectly legal. The latest Offshore Banking report released by Q Wealth this month advises high net worth investors and individuals on the latest asset protection strategies and recommended avenues for offshore banking.

Peter Macfarlane expounds on why savvy investors should move offshore and why offshore banking can be used for more than tax evasion in his 2010 update to the Q Wealth Practical Offshore Banking Guide. "There are more good reasons than ever to go offshore. Taxes are certainly a factor, but many people these days are motivated by deeper feelings – they just don't trust the system any more,” said Macfarlane today. “Basically, they are demanding full control of their own money. The human right to privacy is definitely part of the equation. Why should an individual´s finances be an open book?”

“Bank failures and bailouts are on everybody's minds, and rational individuals are looking to open accounts at conservative and respectable banks, in countries that respect the rule of law and private property, that do not have this toxic exposure. Clients seek to protect their assets not just against the perceived injustice of many lawsuits, but more fundamentally against a decline in the value of the dollar and other major currencies like the euro and pound. They are diversifying into better-backed currencies, and of course into precious metals - something made easy by offshore multi-currency bank accounts,” comments Macfarlane, adding: “We've all heard about the risks of keeping eggs in the same basket.”

Special areas in the 2010 Practical Offshore Guide specifically focus on US and EU citizens, explaining in detail information exchange and how to open, choose, and manage an offshore bank account in practical and actionable detail.

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Press Contact: Stephen Tenier, +44 20 3384 1993,

Notes for editors:

The Practical Offshore Banking Guide 2010 is published free for readers of The Q Wealth Report, a privately-published newsletter covering to offshore banking, asset protection and wealth management. The Q Wealth Report was established in England in 1996 and has a global readership. Englishman Peter Macfarlane, 38, is joint editor, besides running his own professional practice in Panama City, Panama and being a regular speaker at offshore events. The Q Wealth website is:  Further details about the guide are available here:

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About Q Wealth Report: Established in 1996 the Q Wealth Report is a compilation of expertise and experience, provided for you by a panel of expert consultants and analysts in the areas of offshore banking and tax havens, insurance, portfolio investment management, Global Investing, Second Citizenship and Residency, and Libertarian Thinking. These are people who have worked hard to earn the level of understanding that now be of benefit in your own financial plans.
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Tags:Offshore Banking, Investing, Asset Protection, Wealth Management, Banking, Economy, Finance
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Page Updated Last on: Jan 29, 2010

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