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Use an Offshore Credit Card Like Visa or Mastercard To Enjoy Instant Access To Offshore Wealth

Opening an offshore account and then actually having convenient access to it can be expensive and time-consuming. Despite what you may have read or heard, owning an offshore credit card is not illegal. Of course, using one as part of a tax evasion strategy is against the law.

Most offshore investors will not want to carry suitcases full of cash across borders, so a card that its part of a recognized network like an offshore Visa or offshore Mastercard is often the best option.

From personal experience I have opened up accounts in an offshore jurisdiction and tried to use the card they gave me. Guess what? It doesnt work. Many offshore banks may only supply you with a bank card that works at cash points in the country of issue.

For the majority of what you want to do its completely useless. The same goes for virtual credit cards which will limit you to online purchases, or other plastic of limited usability. To really have full access to your offshore account you cant do better than an offshore Visa or Mastercard which will let you access your offshore funds from anywhere in the world.

For those interested in privacy, the best way to get one of these is by loading funds onto a card account that is separate from your offshore bank account. In this way, using the offshore credit card will not trace directly back to the source of your offshore wealth.

Will I need to provide Identification?

Yes. At least a notarized passport copy and proof of residence.

Some investors just need an offshore account and access to it, and this will pose no problem. For those requiring greater confidentiality, getting a card in the name of an offshore company will offer more protection. This is necessary because periodically governments may tap credit card processors for data by issuing a Jon Doe Summons or the like. To be extra careful, indicate an address for the offshore company outside of your home country.

Some cards will even bear no name at all only the card number is stored on the magnetic strip and this is all that will be stored when the card is swiped. For taking out cash or online purchases this type of card is great, but remember, some merchants will not accept a nameless card.

When it comes to making a decision, what most investors choose is the card which will allow access to the offshore account in as many ways as possible - online, at point-of-sale, and at ATM's.

For the best combination of discretion and usability a correctly configured company offshore Visa or Mastercard will do the trick.

About Author Patrick Winters :

Get a brand-name credit card with Capital Conservator to access your offshore wealth from anywhere in the world. <a href="" target="_blank"></a> Choose from anonymous, personal or company offshore credit cards. <a href="" target="_blank"></a> dit-card.php

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Article Added on Thursday, August 20, 2009
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