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So after accounting for taxes, you're looking at around 0.08% interest.
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However, some offshore accounts are covered by other schemes. A type of offshore savings account used by a wealthy individual to hide assets, typically to evade taxes and/or commit illegal acts such as money laundering. Thus, each client / owner of the bank must be approved by the central bank. Offshore bank for sale in mauritius. An offshore bank account also protects you from overzealous government agencies armed with the summary power to freeze your assets.
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