Offshore banking gives you security, stability and confidentiality
As the economy and currency of some countries can be unstable, it can be wise to consider the benefits of placing your wealth in a safe financial haven offshore.
Offshore jurisdictions such as the Isle of Man and Jersey have for many years offered well-regulated and secure locations in which to protect and manage your wealth. At Barclays International, you can choose to hold your account in one of these offshore centres, Gibraltar, or onshore in London (UK).
And at Barclays International you can rest assured of our excellent reputation in offshore banking founded on over 300 years of meeting the needs of clients around the world, and a strong history of integrity and professionalism.
Banking offshore whilst living temporarily in the UK
There are potential tax planning opportunities to be gained by holding your accounts in an offshore jurisdiction*.
If you are living in the UK but are not UK-domiciled, by holding your accounts in an offshore jurisdiction* you may be eligible to earn interest gross of tax**, and for savings on offshore mortgage payments. You can also benefit from our comprehensive range of multi-currency banking and investment*** products.
Banking offshore for non-UK residents
If you are permanently based outside the UK an offshore account with Barclays International can be a wise financial decision. The economic and political stability of the UK and offshore jurisdictions, such as the Isle of Man and Jersey, offer a safe home for your money.
As a Barclays International client monies held in these jurisdictions can be easily accessed and managed by phone, online or face-to-face. You'll also have access to an extensive range of savings and investment products designed to help you make the most of your wealth.
Contact us on +44 (0)1624 684079† to find out more.
*Offshore accounts are available through Barclays Private clients International Ltd, part of the Barclays Group, in the Isle of Man, Jersey and Guernsey.
**The European Savings Directive ('ESD') is implemented from 1 July 2005. If you live in a country affected by the ESD you may elect to have interest paid to you gross or net of withholding tax. If you elect for interest to be paid gross certain information about you and the savings income you receive will be reported to your tax authority. Please bear in mind that not all countries affected by the ESD give you the option of having interest paid to you net of withholding tax which means information about you and the savings income you receive will be reported to your tax authority. If you require further information about the ESD and how it might affect you, you should contact an independent tax advisor. An ESD fact sheet is also available upon request.
*** The value of your investment and the income from it can go down as well as up and you may not get back the original amount of your investment. Your returns may be affected by exchange rate fluctuations.
† Lines are open 9am to 5pm (UK time) Monday – Friday. Calls may be recorded for security reasons and so that we may monitor the quality of our service. Call charges may vary. Please check with your local telecoms provider.
