Offshore Bank Accounts
VelaBravo LTD is a Registered International Intermediary for Lloyds TSB Offshore. This means that we can introduce you to Lloyds TSB and help set up your Offshore Bank Account. We do not charge any fees for this service.
What are the benefits of an Offshore Bank Account?
For yacht crew, the main benefit is keep funds offshore. This means that you may not have to pay tax in your country of residence. Note: Independent advice should be sought regarding your resident tax obligations.
An International account also has many other benefits, such as:
- Debit cards in Sterling, Euro and US Dollar - Eliminating ATM charges when travelling in the UK, Europe and USA.
- Comission free transfers between currencies - Shift currency freely between your accounts online.
- Access to International Mortgages in a range of currencies.
- Numerous savings and investment plans including Offshore Limited Edition Deposits (OLEDs) and fixed term deposits.
These accounts are ideal for anyone working on Yachts, traveling in Europe or USA, or expatriates living outside their country of residence.