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Have you ever wondered whether it’s possible to avoid taxes with offshore bank accounts?

Imagine, you fly to a well know offshore tax haven location, simply walk into a bank, open an offshore bank account, transfer your funds there, and voila! No more taxes!

Is it really simple like that? Short answer NO!

Even though this simple strategy could work just fine 20 years ago, today it’s a whole different story. However, can you still manage to save on tax by having an offshore bank account?

Here we’ll discuss how it all works today in 2020.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.

Author: Michael Rosmer

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