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Has anyone here ever put their money into off shore accounts?

Asked by FlutherBug (1103points) May 24th, 2016

I am just wondering if anyone here has put their money into off shore accounts, for example in the Cayman islands which is tax free? How would someone go about doing this? Is there a minimum deposit to put money into off shore accounts?

I know many big companies put their money into foreign banks to avoid paying high taxes….......... Just wondering if anyone here has any advice for this?

The Cayman islands seems like a really good place to store money.

Thank you.

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