I am considering opening an offshore account in Mauritius with the view of minimizing my tax. What are the fees involved?
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William Keats
There is no account opening fee for the Offshore Bank Account, but a minimum relationship balance of 5000 pounds (or currency equivalent) must be maintained, tp prevent a $10 monthly service charge from being applied to your account. For one payment of US$997 Mauritius Offshore Banking will provide a whole group of services.
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561 weeks ago
Chuck Heyde, CPA, CGMA
If you are a US citizen or tax resident, dont forget to file Forms TDF 90-22.1 and 8938 - www.gemms.us/fbar-vs-8938 .
Regards,
Chuck
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560 weeks ago
Regards,
Chuck