The easiest and most cost-effective way of withdrawing
funds from your secret offshore account will almost
certainly be through the use of an offshore bank card.
Used in the right way, offshore bank cards can execute
financial transactions that leave almost no trace of your
identity, but, generally speaking, the larger the
transaction the harder it is to keep secret.
The cheapest card you might get can be a gift card, which
is paid for upfront. You may be able to load up to 1000USD
on to each gift card you purchase without having to
identify yourself. Other specialist "card providers" can
provide a similar service. You can purchase one of these by
wiring funds from your offshore account to a specialist
card-loading account, and then have your card sent via
mail. Then again there are "virtual cards", so-called
because you possess only the number rather than a physical
card. These can be very secretive, but are not suitable for
day-to-day use.
Brand-name debit and credit cards like Visa and Mastercard
will always require identification, at the very least a
notarized passport copy and utility bill. It is still
possible however, to effectively shield your financial
transactions from the great majority of "outsiders".
One of the most common ways is to get a card in the name of
your offshore company. In this way your company name will
appear on the card, your company name is registered when
the card is swiped or the chip is read, and your company
name will appear on all receipts. If this company is
located in a tax haven with strong bank secrecy, and
company records like the names of directors are hard to
access, it will be extremely difficult for an outsider to
pierce the "corporate veil", and identify the flesh and
blood person behind the transaction.
Using a brand name card is often preferential to gift
cards, or simple cash cards because it has a much wider
reach. From personal experience I have had "bank cards"
issued by the local branch of a an international bank in a
low-tax jurisdiction, which did not work at any ATM outside
the country where they were issued. Even worse, I could not
access my money from international bank's branch in a
different country, no matter what ID I supplied. Funds were
essentially "landlocked".
By contrast, a brand-name card like Visa or Mastercard will
allow you to access your funds from anywhere in the world.
Since the card providers know who you are, you lose
confidentiality using these cards at home.
But for day-to-day purchases on vacation, online purchases
into thousands of dollars, their ease-of-use and
high-limits, brand name cards are easier. Furthermore you
can be sure that it will work wherever you go, and you can
be sure of cash in an emergency.
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The author is a staff writer for Offshore Banking House
Capital Conservator. Capital Conservator products are
meticulously engineered to provide the best combination of
security, confidentiality and ease-of-use. Modest and
sensible due diligence applied. Click for more information
on our confidential offshore bank cards:
http://www.capitalconservator.com/credit-cards/offshore-bank
-card.php
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