A Guide To Offshore Banking
If you are someone whose career and place of residence changes a lot, then you might want to keep your banking constant. One way to do this is by using offshore banking, which allows you to keep your money in one country, yet have access to it wherever you go. If you want to know more about this type of banking then this guide has some information that might be useful
Why get offshore banking?
Getting an offshore bank account can be useful if you are travelling around a lot and aren’t really located in one specific place. If you use an account from one country then you will find it harder to get your money out abroad, and might have to pay fees each time you want to carry a transfer or withdrawal. You might not even be able to access your account in some countries. Offshore banking can help you to have access to your accounts like you were in your home country wherever you are in the world.
Tax exemption
Another reason why offshore banking is popular is for tax exemption. If you have a large sum of money that you don’t want to pay tax on, then moving it to an offshore account might be useful. Of course, you need to make sure that you abide by the tax laws of your country, but there are legal ways to save yourself money through offshore banking
Benefits of an offshore bank account
Apart from the tax benefits, having your money offshore means that you have equal access to all of the world’s markets, and this makes it easier to invest in a diverse range of products and services.
Offshore features
You can use offshore banking simply as a savings account, or you can use it as your main means of banking. You can have a current account with a debit card, and even make investments and buy insurance and loans using your offshore bank. Most of the products and services that your standard bank can offer are available offshore, with the added bonus of being available around the world.
Risks
An offshore bank account does use the law to its fullest, and so there are a number of risks associated with it. Firstly, if you don’t know what you are getting into then you could end up in legal trouble. Before signing up you need to consult a lawyer. Also, you need to deposit a large amount of money in order to get this type of banking, and that money could be at risk if anything happens in the country you opt for. You know that your money in your own country is insured, but if something happens offshore then you might be in trouble. Offshore banking does have some benefits, but make sure that you know the details of the system before proceeding. If you do this then an offshore banking account can help you save money and access your finances wherever you are in the world.
Peter Kenny is a writer for The Thrifty Scot, please visit us at Refund Bank Charges and Saving Accounts
Article Source: articlestreet
Offshore and Inshore fishing in Guatemala
Inshore fishing in Guatemala for Roosterfish and other species is often overlooked in favour of the famous bluewater fishing for pacific sailfish and blue marlin.
The waters offshore are almost always calm and tranquil during the billfishing season of October through May, but as the rainy season comes in, the weather offshore can become unpredictable, and so is an ideal time instead to consider some of the great fishing to be found within a couple of miles of shore.
Within six miles of the Pez Vela marina there are three inlets that offer strong current flow and turbulent water that stirs up nutrients and starts the food chain that eventually ends with large predatory fish sought by anglers and especially fly fishing anglers.
Inshore waters offer the prospect of the much sought after Roosterfish.
Although the immediate coastline does not provide ideal conditions for fishing for these gamefish, they can be found usually trolling around areas of strong current within a few miles of the Pez Vela marina.
Typically Roosterfish are pursued with either livebait or soft imitations cast around hard structure or rock formations. As we don’t have any significant outcroppings or high reef for bait to concentrate close to shore, we resort to trolling either ballyhoo or rapala lures and aim to cover more ground.
This results in lower reported catch rates than other locales – but the Roosters are around, and can be caught – it does offer a less expensive option for a charter day or "rest day" (or half day), with a chance of bagging another trophy. Like other jacks, these are mostly sportfish and not for the table.
An alternative means to fish the inshore waters is to follow the shrimp boats.
Usually there are clusters of shrimp boats working an area within a few miles of the dock, and the crew can find out the timings for the lifting of the nets that then provides immediate action – as when they do this, the nets are always followed by large schools of competitive and aggressive fish – predominantly amberjacks.
It is easy fishing, or at least easy to hook up to large fish in the feeding frenzy that results from the bycatch falling back into the water from the stern of the boat as the shimp crew works the net onboard.
The water immediately behind the boat frequently boils as hungry jacks and others slice and dart into the buffet of small fish that has been presented to them. If you are looking for nonstop fishing action either on conventional or the fly – that may leave you exhausted and your tackle worn by the end of the fishing day – then this is a great and very economical alternative for a full of half day fishing.
Inshore fishing for either roosterfish or jacks is often done from pangas or small open fishermen/centre console boats that are less capable of making the run offshore in search of the larger pelagic fish.
If you have several days fishing in Guatemala, it may be worth considering trying the inshore fishery.You can find more information at http://www.greatsailfishing.com/en/indexeng.php or read our Angler’s Guide to Guatemala at http://fishing-guatemala.com/
Article Source: articlestreet