In the past, most businesses have partnered with financial institutions in the same country in which they conduct business. However, as technology advances, a steadily increasing number of businesses are free email lists uk working with banks located overseas. This isn't exactly new, though. Multinational corporations such as Google, Microsoft, and Apple have been using offshore bank accounts and legal structures to help them minimize their tax liability for years now.
Historically, the use of offshore bank accounts has always been exclusive to big corps and businesses in questionable industries. However, nowadays, it is something well within reach of small and medium-sized enterprises. Benefits of Using an Offshore Merchant Account ● Tax Benefits: Because you are processing payment in another jurisdiction, typically one with a lower corporate tax rate, an offshore merchant account can also reduce your tax liability.