Offshore Banking Europe

The principal juristictions in Europe for offshore banking are the Isle of Man and the Channel Islands, Jersey and Guernsey. All now follow the directives in the European Tax Directive that was introduced in 2005 and in summary, requires all banks to charge a basic level of tax on investment earnings of individuals who reside in the EEC.

It is important to note that even though the Isle of Man is technically not required to stand by this directive, it has elected to do so. If you wish not to have the withholding tax applied to your account you must prove that your tax juristiction lies outside the EEC.

This page will provide you with links through to the main players. Once again, keep an eye out for their online offers. This is a highly competitive market and the deals can be good ones!

As financial services specialists, we're always on the lookout for special deals to pass on to our visitors. There's free advice about investment property in Spain and Brazil, great rates on buy to let mortgages and off the plan investments. There are some really interesting free Forex packages for anyone who wished they'd had their slice of the recent currency movements.

And if the stress of playing footsie with the forex is getting too much, we've found a personalised gift to take away all that stress. Well Christmas is only weeks away!

This is just a little note to invite you to register for our free news updates to help you stay right on top of the latest changes in interest rates, offers, terms and conditions and specials from Jersey and the Isle of Man.