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Do you pay taxes on offshore bank accounts?

Offshore bank accounts must be declared to the holder's home country for tax reasons. However, some countries allow foreigners to earn capital gains tax-free.

There are ways to create a tax-free offshore bank account, such as setting up an offshore trust that holds offshore life insurance policy or building an offshore business that earns foreign-sourced active income.

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We know that it is not easy to navigate in the offshore world, and we do not believe that there exists a one-fits-all solution.
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