Protect bank savings and assets

Protecting bank savings, this is the worry that is putting into crisis thousands of families of Italian savers contrary to what happens in Britain where the economy and a very solid territorial finance breathes different air even if the mass media make us believe there is an institutional crisis

Protect bank savings and assets

The Italian Government with its irreducible attitudes, not trying to rethink in any way the change of the financial maneuver, but making only very small adjustments to allow the maintenance of beautiful electoral promises for a people so harsh that they arrived at 5.000.000 (five million) of people on the threshold of poverty, where they should have state finances in order and not a frightening public debt, are coming to a fight with the European Union.

Everything starts from anti-Europeanist thoughts of the two majority parties that before the elections praised the return to the Lira as the solution to all the ills of Italy, not saying that it would only be worth 70% of a Euro due to the immediate devaluation (70 cents for 1 Euro) and that the debts should however repay them not in the former new sovereign currency but in the current currency (Euro).

Italianism and the return to the claim of respect from other countries is commendable and even some of us of SHADOIT BUSINESS CONSULTANCY LTD who are Italians would like the good of their country because they love it and every day they feel disappointment and indignation for what is happening , but we are not professionally, absolutely agree with these anti economic and financially dangerous systems, which will lead to a sure recession after a first financial rebound and probably even more poverty with the possible advent of the Troika that economically destroyed Greece.

Let's start by saying that after the approval of the bail-in bank account holders are required to participate with their savings to reorganize the bank in the event of bankruptcy or probable bankruptcy and that this is already a profound risk for those holding capital on current accounts without having diversified its investments.

Why Italians are afraid of the economic crisis?

The affirmations of a party shareholder of the Italian government, those always praised by the previous governments on the solidity of the country thanks to the education of Italians inclined to bank savings, have sparked the eyes of other Euro-Group countries that despite having finances in order or almost in order, do not enjoy the economic wealth of Italy and correctly, Germany in the lead, have already aired the possibility of lowering the Italian public debt with the economic aid of Italian citizens by means of an equal levy to 20% on all bank accounts, bringing Italians to act to protect bank savings and assets.

Useless the move of Italian banks that are proposing the exchange in another currency, because even if doing this operation, in case of a forced withdrawal could not but comply with the government directive and in the meantime have immediately capitalized and earned on the exchange made.

In case of return to the Lira and forced withdrawal to avoid the European Troika, not only the savings but also the salaries of the state and the pensions that are part of the Italian public finances will be affected, but they all look at it from saying it ; a founding state of the European Union would be brought to its knees.

The fact is that some pseudo economists say that the purchase of Italian government bonds and Italian bonds are a safe and guaranteed investment does not correspond to reality, as in the event of a serious crisis and return to the Lira, they would be immediately renamed in the ex- new currency with an unimaginable financial loss in the worst case: "The default".

Discourse would be different for Italian shares, where they would most likely find an appreciation on the stock exchange to offset the devaluation in the first period of rebound, but the loss in value of the new currency would be significantly higher, always remembering that this would not be the case for bank shares the banks with billions of Italian bonds and very high loss of capital would be at risk of failure and it is therefore clear what would happen to Italy if it decided to leave the European Union.

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How can we protect savings and therefore capital?

It is not very complicated to understand that we need to diversify on more investments and shift our savings on different banks, both in the Eurozone and outside the European Union, but in geo-politically reliable and secure countries and especially with banks that have agencies present. at least in the UK where it is important protect bank savings and assets.

The advice that many operators are giving, is to open online accounts and move their capital, but this does not correspond to good advice, as many e-banks have proved unreliable over time because they do not have a banking license and therefore with a serious risk for guaranteed capital, especially in this difficult period for European financial economies.

Needless to reiterate the concept of NON-EVASION, as it is sufficient to declare its current account that MAI may still be the subject of assets if opened in a foreign state and pay VATFE and 2 × 1000 on the average annual stock to the Italian State, then a ridiculous amount also protected by the European Central Bank with very stringent and secure rules that help protect bank savings.

It is normal to think of buying securities from other countries that are financially sound and safe as a safe haven, directly on foreign exchanges and thanks to accredited stockbrokers and is an operation that many Italian banks have already started to do in total silence, to ensure its shareholders.

The Italian government has denied having started talking about returning to the Lira, playing on the fact that people, with the daily problems of work, family and financial, have forgotten that the two parties that compose it, up to a few months before elections, proposed the exit from the Euro and tried to put the Ministry of Economy and Finance, a strong euro-skeptic who spoke of "black swan" and proposed the path of economic sovereignism: "Prof. Paolo Savona", an illustrious Italian academic and an expert in world finance.

If a person is unfamiliar with the markets, he must rely on expert brokers who are regularly registered, as the danger of ending up in the hands of fraudsters or speculators, in this period is very high, especially if they are non-independent operators related to banks and that they try to entice on bank stocks of Institutes currently considered safe (a classic example of failed Italian banks and the total loss of investor savings) putting at risk the protection of bank savings.

The advice of the financial advisors of SHADOIT BUSINESS CONSULTANCY LTD is to rely on brokers belonging to independent foreign companies or independent brokers not related to the Italian territory to always have the maximum of their objectivity for the financial economic evaluations that will be brought to give.

But the possibilities to protect our assets and capital do not end with the resources protected in the belly of the banks, as it is convenient to set up foreign companies, have a passport for all their family members, establish trusts and transfer assets to their companies as a trust fund or part of the share capital, to make sure that they become untouchable in case of economic disaster of the Italian State.

Or you can resort to tools like the fiduciary mandate, a very interesting tool from the juridical point of view, through which, while remaining at the head of the most complete ownership of the asset, the administration of the asset is attributed to the mandator company to realize a stakeholder interest, thus securing confidentiality and administration of goods but with costs for financial advice and for those who administer the asset or capital to protect bank savings and assets.

There are also other instruments of fundamental importance, such as foundations of law and private interest that, thanks to our partners, can be useful to ensure the proper management of its real estate assets with the possibility of Trust.

Therefore, it is useless to think about investing on the good old brick, because with the percentage loss on the purchase value of the investment that has now been at 23%, with the risk of a property that would further reduce its value and with a hypothetical risk of Italy's default, it can no longer be considered a good investment to protect bank savings and assets.

Protect bank savings and assets

Spread to 322

Spread to 322 points and the auction of the Italian BTP that make a flop due to the Italian Government's response to the European Union

Spread to 322 Balance Savings Offshore Bank Current Accounts

Italians continue to believe in the goodness of their financial economic maneuver, not thinking that the greatest economic observers, the European Union and twenty-seven Member States think that it must be changed because it does not profit the interests of Italy and of Europe as a whole.

We hear from the Government that the EU does not understand the financial maneuver, which is not the law because it was written by a Euro-skeptical government and tries to convince the Italian people of what it says, but can not see beyond their electoral promises, the famous "book of dreams" by many announced that will only lead to a worsening of the economic situation also due to the questioning of infrastructure works for Italy, requests and participation in percentage share, even from the European Union and from France that comes involved.

All the exchanges had a negative downturn and the Italian spread had a sudden surge leading the yield on ten-year bonds to 3,59% causing a strong distrust on the part of the international markets.

The increase of spread to 322 It is a sad omen for Italy as a whole and for Italians who perhaps begin to understand the real problem and that the "dream book" should remain so until the public debt is halved and a more credible maneuver should be presented and made of real investments in the interests of the Bel Paese.

The increase in the spread to 322 is caused by the executive led by Italian Prime Minister Conte who continues to tell the European Union that he is not willing to change the content of the Italian maneuver and this will start the Eurogroup process for a procedure infringement against one of the founding countries.

But, in fact, the spread to 322 that continues to rise on what is affecting?

The constant swing of the spread over 300, is eroding the capital of the banks and this could also cause a probable default for smaller institutions with a long maturity, because they would not be able to recapitalize.

Even the largest and most important Italian banks are beginning to feel the effect of the spread to 322 and in fact for those seeking a mortgage, a loan, a surety or any other transaction involving the money trade, interest rates and the same bank charges started to rise in small doses.

With a rising 322 spread, there is a risk of a forced recapitalization also by the Italian government which, as far as it denies, patrimonial (get their hands on the savings of Italians), could be forced to avoid the default of Italy that would not be able to pay the ten-year bonds expiring.

In this climate of uncertainty and concern, many Italians, unjustly criticized by their government, are thinking about their interest, their future and alternative solutions and rather than continue to see even small investments in BTP volatilized, they begin to disinvest and move their capital in safer countries outside Italy opening up offshore bank current accounts non-EU and onshore but in other European countries.

The spread to 322 is also a matter of concern for the Italian Minister of Economy Giovanni Tria, who consciously states that the banking problem will be felt on the weaker banks as the Italian banking system is solid, but also states that it can not be unbalanced for not negatively affect the markets.

But is it only a problem of the markets or of the two parties operating in the Italian government?

Some financial advisors of SHADOIT BUSINESS CONSULTANCY LTD, Italian professionals operating on foreign markets since Britain, By United States of America, are convinced that if the maneuver will not undergo a more than justified inversion of course, even leaving it to 2,4% deficit but radically changing what at all seems to be spending current and not structural investment for a country that deserves a lot for what many entrepreneurs have made until today with the export and what many Italians have suffered with great sacrifices to recover the public debt, Italy will continue its run towards the abyss like Greece and Portugal just because of a spread that will become unsustainable for Italy.

Italian BTP demand is very weak and also weighs on other Italian bonds, waiting for the European Commission to make a decision on the opening of the infringement procedure for excessive debt, obviously weighing on an already fluctuating upward spread.

It should also be considered that Italy is not benefiting from its exports, which until now has driven the economy and allowed a more than decent GDP, the commercial war opened by the United States of America towards China and the duties imposed also to the Eurogroup countries that support the opinion contrary to the Italian maneuver issued by the European Commission.

Spread to 322 - Back Finance

Spread is sailing in the markets

Spread floats on the markets followed by the deficit that oscillates dangerously, are two sentences whose incomprehensible words are heard on television but many still fail to understand the real difference and that in the latter period of the year 2018 is alarming the markets that operate with Italian government bonds

Spread - Current Accounts - Mario Monti

Spread is an Anglo-Saxon term used on the stock exchange to indicate the liquidity of a financial market, practically it can be understood as the difference between the rate of return of a bond and that of another security taken as reference in the case of Italy, the BTPs which are set against the BUND (German government bonds), all determined by the equity markets on a daily basis.

In even simpler words we can say that the more the rating agencies lower the reliability of a country, the more the spread increases, which is nothing more than the percentage rate that the investor needs to guarantee his credit, if he does not insure it he would earn the percentage for the loan of money to a state plus the money he claimed was used to secure his credit.

This insurance called CDS (Credit Default Swap) has often been disregarded and speculators have earned us the most and the higher the spread, the greater the investor's gain will be.

At this moment in history, contrary to what many may think, the interest rate at which 10 BTPs are offered on the markets is much cheaper for those who want to speculate, because the interest is dictated by the risk of a security and for in Italy the market in counter-trend, as long as it is not American pension funds, but for those who have an interest in gaining and risking, offers a very interesting return.

With the financial maneuver prepared by the Italian government, the European rejection and the all-Italian stubbornness to not want to revise the welfare positions that do not lead to an economic boost for the recovery but a simple round of play, the yield is subject to fluctuations that can not be foreseen if not downward with the increase in the spread and the increase in risk and therefore in the percentage of return on BTPs so as to be able to place them on the markets.

The Italian spread has risen dramatically with the various contrasts between the vice premier and the European commissioners who on open exchanges played a knock-back and triggering an alarmism in investors that led to the sale of Italian government bonds with relative increase in the spread and increase percentage rate of return.

The perfect storm that is about to unleash and the alarmism shown also to the Italian finance minister by the EcoFin clearly highlights how the sovereign debt is not only tied to the single country but is part of a wider project, which risks the involvement of the other States of the European Union.

Spread is ultimately the difference between two government bonds where the most reliable for stability and financial strength is taken as the basic title, which in the European case is the German Bund (Germany with rating in AAA) and the title that you want to examine and evaluate economically that for Italy it is the BTP and for both the securities are taken as reference the ones with the longest expiry and that is the decennial ones, that give a mirror of the stability and solidity of the economies of a Country.

Now that we have a clearer view of what the "Spread" is, we can also begin to understand why there is a difference expressed in percentile when government bonds are proposed, that is, the higher the risk and the greater the percentage offered long-term on the securities of a State.

The relationship between the spread and the public accounts of a state NO is finely and tightly bound, as the spread could rise and the costs on debt fall, everything is determined by the yield of government bonds taken as a reference that the more solid they are and the lower the percentile, then the government bond with the spread higher at this point offers a controversial greater convenience even with a higher risk stability and vice versa.

For Italy there is a public debt ascertained at around 2300 billion and this debt is mostly determined by the government bonds that from time to time with a ten-year maturity, will lead to those who have purchased an interest in the investment.

Keeping in mind that the savings of Italians amount to more than double the public debt contracted, investors have almost the certainty that the Italian State will honor its debt by giving reassurances to the markets on the convenience of purchase.

Lately it has returned to talk about the Italian spread as the new government that took office in this European state, began almost immediately not wanting to continue the recovery of the economy but immediately made to perceive the markets with various proclamations, which would have done more deficit (debt) putting at risk Italian finances and all its citizens, hiding behind what defines the "maneuver of the people" when it is fully aware of the industrial situation of its state, the inadequacy of its infrastructure now reduced to the light and lack of a serious job offer.

An illustrious personality saved, as far as today we do not want to recognize the merits, Italy by default that many politicians of part called "Perfect Storm" because of the fall of a government, not remembering that when they were touched down on the stock exchange some important companies, their Prime Minister resigned because of a large industrial complex to which he was linked and a law on conflict of interest not fully armored.

The spread had reached and exceeded 500 share, Italy had entered into recession and was not hovering but it was already announced the arrival of the Troika that would have to restore the budgets of the Italian State, when a personality held in high esteem appeared from nowhere European summits that was first appointed Senator of the Italian Republic and then took over the reins of the Italian government, reporting with great difficulty the budgets to an acceptable situation to regain the trust of investors: Prof. Mario Monti.

It is obvious that in order to rehabilitate a budget destined for evaporation, he had to make very difficult and often criticizable financial maneuvers, but thanks to his profound professional knowledge, he managed to avoid the catastrophe that many now say are orchestrated by other States.

In the last interviews that released this high personality, he clearly said that with the assistance maneuver and not of growth also possibly given by a tax exemption for the companies, by a bureaucracy of the Italian system, by a deficit that the European Union could have accepted if oriented to an attempt to growth and lashed to the markets favoring the birth and 'entry of other businesses that create jobs, Italy risks with the high spread, to return to a dangerous recession where its rescue has already been clearly announced with the take money from current accounts and Italian assets giving it to the game at that point, the government securities at very high risk as the rating agencies would define the Italian economic stability at the level of junk Securities and then releasing unnecessary pieces of paper against the game.

Many politicized newspapers have obviously attacked the statements of this illustrious person trying to throw once again smoke in the eyes of Italian citizens but not thinking that the eventual arrival of the Troika would bring the country to its knees like Greece and Portugal, where last with the silence of everyone has seen the volatilization of its weak economy and the vaporization of 80% of its enterprises.

The affirmation of Prof. Mario Monti was dictated by the looming danger for the pockets of the Italians where, if the Italian government bi-party, realizing that they can not satisfy the finding of money on the market in the percentage necessary to maintain electoral promises worthy only of a book of fairy tales, certainly also following the statements already publicly issued by one of the two vice-premieres, would appeal to savings of Italians and the only viable road thanks above all to the very bad Europe, is the opening of current accounts in European countries permitted by the laws in force.

Regarding the exit from the Euro, feared in times before the Government by the two majority parties, Prof. Mario Monti is said to be worried by the scenario that could occur with the exit of Italy from the Euro, where the Government saw the rally of the spread, could prevent the exit of capitals with anti-European and totalitarian laws and then be able to use them for its survival.

Spread - Mario Monti - Back Finance

British economy and Italian assets

British and patrimonial economics are two different ways for two different countries to prepare for a confrontation with the European Union, where the former could cause a contraction if Britain leaves the European Union without an agreement, causing a pre-announced financial crisis by many economists and the International Monetary Fund.

British economy and Italian assets

The British economy has a growth forecast between 2018 and 2019 equal to 1,5% in case of non-agreement and 1,7% if with another referendum the use of the BrExit financial arm is eliminated today the majority of British citizens would not want to.

Here that 2% of contraction on the expected growth, could result in a financial loss of several billions of Euros with possible dramatic scenarios that would have repercussions on free trade and on relations with other European countries that would not be immune from the impact on their economies.

From the announcement of the BrExit, the British economy suffered an initial setback and then resumed during the negotiations with the European exponents, determining one of the most optimistic growth objectives that a Government could expect.

It might sound like a mysterious counter-sense, but the approach of BrExit and the breakthroughs due to the imperiously imperturbable British diplomacy of British Prime Minister Theresa May, have determined this miraculous recovery of the British economy, allowing the country to return to run and grow, allowing to the UK to return to being the fifth world economic power that has never thought, even in difficult moments, to an Italian capital.

What is different is unfortunately happening for Italy, with its stock exchange and the spread determined for the open announcements of the President of the ECB, a little 'for the threats of the European Commissioner Moscovici and President Juncker that They have come to the point of rejecting a financial maneuver that has not yet been written, a bit for the clashes with Italian Vice Premier, and a lot due to a welfare maneuver that will entail a major deficit and an amount allocated for growth below market expectations.

Germany, by voice of the leading economist of the Bundesbank, hypothesized that the solution to the appalling Italian public debt could be resolved without resorting to the Save State Fund but drawing on the wealth of Italians themselves with an Italian asset, by halving the public debt with a a forced withdrawal disguised as a forced investment equal to 20%, which would in return give government securities with a very low interest rate, contrary to what is happening for the British economy.

The spectrum of a balance sheet on Italy it has begun to shake the markets and the Italians themselves, generating a more than normal concern, also dictated by a Government that does not believe it has to deal with the European Union to improve the economic maneuver put in place.

The OECD has pointed out that in Italy there is an increase in the concentration of wealth and a social inequality that is becoming more and more accentuated and which has become more acute in the last ten years of crisis.

Taxation on Italian incomes is one of the highest, while inheritance taxes are among the lowest in Europe and it has often been proposed to increase the percentage to encourage greater revenue to the Italian State.

What was reported by the OECD has attracted the general interest of the mass media which have clearly highlighted its arguments on the possibility of Italian assets to then see the information blurred because of the Italian political events that have done everything to nullify the warning contrary to what was done by the British government that put the wind in the stern British economy.

The opposition of the various industrial associations has taken shape, recalling that there are already forms of mini-assets such as the IMU, Tasi, the stamp on current accounts and securities that can not certainly be related to market interests.

But on one point both Germany and the OECD have found it easy to play, and that is on money present in current accounts and in the financial savings where, unlike the Italian real estate market which, in addition to having suffered a strong contraction, saw the sale of a large percentage of real estate, current accounts saw an increase in the savings of those who held them.

The associations protecting Italians have begun to worry, thinking that in the very near future we will see the reintroduction of the IMU, the increase in stamp duty on the securities accounts and the concern that banks start to discount the risk of an increase to avoid find themselves blocked by the possibility of one Italian assets.

That the risk is real is under the eyes of all, that the International Monetary Fund has also thought of a property as an ideal solution to heal a part of the Italian public debt is a symptom of an idea that floats in the minds of many, that the volatility of the markets may return to high to go to alarming levels is now ascertained, but that the Italian governments that have succeeded in these last fifteen years and have spoken too often about the strong propensity to save their citizens is also this thing ascertained and alarming.

Back Finance - Property - Italian Heritage

Patrimonial and AIRE

Patrimonial and AIRE, here is the dilemma that lately is flashing in the mind of many Italians who not too softly begin to talk about it and are organizing to expatriate abroad by divesting their local assets in Italy

Patrimonial - AIRE

The new budget law is forcing the Italian government to become aware of and to raise the truth that the money to carry out the financial maneuver promised during the election campaign are not there.

The Morandi bridge of Genoa is a shining example, forcing the Government to a silent admission with a probable increase in fuel to finance part of the construction and is discovered thanks to leaks leaked by the Italian Deputy Minister of Economy, which as a result of the elevation of the value of the spread, the fact that a portion of the assets expected volatilized with a higher cost for interest rates, with the BTP due for the next year, we are thinking of a property that will affect all families who own premises, homes and second homes giving a tax blow also to payroll and bank accounts Italians with taxes and local add-ons.

Many Italian municipalities could revise their taxes by applying increases on the IMU rate on second homes, applying surcharges on the first home IMU, on Tasi, on additional IRPEF and who knows what other balzelli will be applied to make cash.

A patrimonial in full rule that is about to hit the economy of families who own something, but that's not all, as Italy continues its run convinced not to have to change a comma to the economic maneuver and ready to go crashing into the Union European with nefarious consequences already announced.

Many Italians are already beginning to ask themselves what they are for and if they want to stay in a country destined to a pre-announced financial drift, to the possibility of losing their own capital and own assets just for the sake of finding out how it will end up and accepting the risk of a property?

Often our consultants are faced with Italian citizens worried about the pre-announced assets and the question is asked whether it is really necessary to register with the AIRE (Italian Register of Residents Abroad) or if you can avoid and what may be the legal consequences .

It is not easy to answer this question when there are clear laws that require registration in this registry if the Italian citizen lives permanently for more than 12 months outside the Italian territory, but you also need to know what you are up to if you register, because only the benefits of this registration are said, but nobody talks about what actually happens.

Of course, the false registration of convenience should be avoided, as the police forces, consulates and embassies will easily find out whether an individual lives effectively and permanently in another country or if he declares to have moved and then with various tricks returned to Italy.

The points in favor with the registration to the AIRE are:

  • The possibility of obtaining the issue or renewal of identity and travel documents as well as any certifications

  • renew driving license only in non-EU countries

  • The right to vote

The disadvantages that nobody talks about but which are important especially for those who need health care, is that you must be released before leaving the ASL of membership the model "S1"

You will still have to pay taxes in Italy and a possible equity on your assets and you can, depending on the case, lose national health care but you will also have as an advantage the refund of VAT on goods purchased in your country.

For health care dedicated to citizens of Italian AIRE, be aware that you do not have to worry about if you are retired or workers sent by your company because it normally continues if you reside in an EU country and you are entitled to repayment of what was anticipated if the residence is non-EU

If the Italian citizen is an expatriate entrepreneur or person who has voluntarily left the Italian territory but does not belong to the two categories mentioned above, the right to health care is completely missing and will need to be organized with private insurance as in the United States of America. America and many other countries.

The fact remains that for all categories of citizens residing abroad, should they return to Italy, they will receive free health care even if limited to hospital services with care not exceeding 90 days.

The reasons why many Italians do not subscribe to AIRE is dictated by the fear of the fiscal sector, that the spectrum of assets can affect them too and that is that even if they no longer live in Italy, it should prevent the payment of taxes in the country that is left and not in that of new residence, but we know well that the tax bone is difficult to give up and often the Italian State tries to reverse the burden of proof by deducting it is a false residence or residence of convenience.

Only solution in these cases?

It is not by enrolling in AIRE that you can escape the Italian tax, but in addition to the request for residence in the country where we decided to live, it is convenient to apply for citizenship to which we obtain, we will have the possibility to decide, albeit painfully, to renounce citizenship Italian and then completely exit the radar of the Italian tax authorities or agree to try, although not easily, that we are expatriates for work or because we no longer wanted to live in Italy.

The members of AIRE are required to pay the IRPEF and the municipal and regional taxes if they possess in Italy cash or income from land or buildings, dividends, income, dependent or independent work or if you receive the pension and only in the in the event that such incomes have been produced in Italy also undergoing a possible equity.

For those with a family with school-age children, the situation is complicated because the non-registration of children with AIRE is a crime that can be prosecuted ex officio because the obligation to the elementary education of minors is not lost.

This is the reason, as we said before, for which many Italians have chosen not only to move permanently with a regular residence request, but have also acquired the new citizenship starting to think about renouncing the birth by leaving behind any patrimonial the Italian Government intends to apply.

Back Finance

Offshore bank current accounts

Offshore bank current accounts, are the solution in case of personal bankruptcy or of one's own State or serious difficulties of the Bank of a European State Bank or a possible equity

Offshore bank current accounts - offshore accounts

Offshore bank current accounts are the only lifeline in case of bankruptcy of a bank, or serious danger for a balance sheet o risk of default of own State, as it is not possible for the Bank or the State of belonging, to get their hands on the monetary capital deposited outside theEuropean Union or in an EU country with high confidentiality, this also in the case of the failure of a State or the loss of bank reliability.

They often made people believe, and the idea of ​​the reason is not peregrine, that moving large sums of money was not legal but that it does not correspond absolutely to the truth.

The movement of capital is possible with a bank transfer, from your current depository bank, to the offshore bank of destination and, if due to aggressive taxation, the body responsible should ask us the reason for this move, the answer is easier than how much you can imagine: "As a result of the banned dangers for some European banks or some European countries, I have moved my capital to the bank of another European State or outside of Europe and I will declare it to move according to the law in force".

It is obvious that the journeys recommended by us should not exceed Euro 40.000 by bank transfer, to avoid excessive handling costs (European banks apply rather high handling costs and change from Institute to Institute), but it is always possible to move too much money. huge and our financial advisors will always be available for protect bank savings and assets of the client allowing you to act in legality and in ways that are completely correct.

A clarification that we have to do is that for the Italian citizen is not very different, as it will be sufficient during the declaration of income for the following year, to properly fill in the tax RW and the box PF, indicating which Bank is the institution, in which country are our capitals, the coordinates of your offshore bank current accounts and how much is the average stock, paying only a fee equal to Euro 34,20 (IVAFE) for each checking account detainee.

SHADOIT BUSINESS CONSULTANCY LTD is interested in the opening of the offshore bank current accounts for the common European citizen, for the company, for the employee who wants to be credited with his salary thanks to agreements with accredited introducers and very often using their own consultants.

Many think that banks in electronic money (e-bank), are convenient, but do not realize that their state still receives the notification of opening a current account and that often are not banks outside the European Union.

The security of offshore accounts, but also onshore (EU), is linked precisely to the fact that they are opened in real banks, in geo-politically stable states, where there are no limits to the amount of deposit that can be made and withdrawn, where Debit cards are released and can be managed very easily with what we all know as Home Banking or Internet Banking.

The possibility of being able to talk with the director of a real bank is far different from having to send an email and having to wait for a probable answer, you also have the possibility to speak with the exchange office and be able to interface our broker financial for possible investments on the stock exchange; at the end everything opens up a different scenario from that to which we would have us believe with electronic money accounts, which are not to be despised but have their limitations.

SHADOIT BUSINESS CONSULTANCY LTD, with its consultants and its partners, has statutory relationships in other States, gives the possibility of being able to secure their capital in non-European or European countries still highly bankly, thanks to current accounts offshore and onshore but above all, once our task has been completed, all the documentation that you have issued to us will be destroyed immediately as also foreseen by the GDPR (European Privacy Decree 679 / 2016) following the request of data destruction by the customer.

All of this will protect you from any unwanted tax or asset retaliation of your state and will guarantee you offshore accounts containing your savings, not subject to European banking problems that are destroying the finance of the member states with the various decrees save banks.

You can get your offshore bank current accounts in a very short time, counting on an Internet Banking like the one you have always used, and on a debit card that can be used in your State as Visa or Master Card with minimum charges, often below those present in the European Banking Institutes.

Our consultants are at your disposal, if you are seriously interested do not think about it and contact us

offshore bank current accounts