Offshore savings

Expats are often in a more privileged financial position than colleagues in their home country and locals in the country of residence of the expats. As this may be a passing situation, it is important for the expat to save for the future. An attractive option for expats is offshore savings.

Offshore savings explained

Offshore saving is keeping money in another jurisdiction than the expat's country of residence, usually a low tax jurisdiction/tax haven (e.g. the Channel Islands). Modern, life-insurance based offshore solutions can make the most of the opportunities the savings markets have to offer. It is an innovative and flexible solution for expats to brighten their future. Offshore is usually based on short/mid-term saving objectives.

Why consider offshore savings?

Offshore savings provide advantages like low or no taxation, easy access to deposits, protection against political or financial instability and less restrictive legal regulations. These advantages are both legal and financial. There are numerous reasons for expats to choose offshore saving, e.g. a sabbatical, saving to repay a mortgage for the residential or 2nd house or saving for a "rainy day". Whatever the saving objectives are, the expat needs an offshore savings plan to achieve these.

Need assistance with offshore investments?

H&N Associates is an independent financial advisor specialised in assisting expats with all their financial questions. Fill in the offshore savings enquiry form to be contacted by one of our advisors to receive a tailor-made personal advice.