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Abbey International is a subsidiary of Abbey and is a highly respected offshore bank based in Jersey. When you bank offshore with Abbey International, you’ll have the security of knowing your deposits are fully and unconditionally guaranteed by Abbey National plc, itself a wholly owned subsidiary of the Santander Group, the 7th largest bank in the world by market capitalisation as at 08 August 2008.
Part of the Santander Group
Santander has more than 150 years’ experience in international banking and runs the largest branch network of any international bank, looking after more than 69 million customers in over 40 countries. The bank also has a number of other divisions operating globally, including private banking, asset management, insurance and wholesale banking. Because Abbey International is part of Santander’s Global Private Banking Division, we are able to combine a personal and responsive offshore banking service with the reassurance of global strength and experience.
Located offshore in Jersey, Channel Islands
Abbey International is located in Jersey, which is widely recognised as one of the world’s best regulated offshore locations and is a secure, well-established and politically stable financial centre. Jersey also enjoys the unique position of being free to govern its own domestic affairs, including taxation. There is no local capital gains tax or wealth tax and in all cases we pay interest on your offshore account gross – leaving you free to manage your own tax affairs.*
Benefits of banking offshore
By managing your money offshore you can benefit in the following ways:
Offshore banking offers a return on investments with interest paid gross.* Tax neutrality means you can manage and plan your own tax affairs. You’ll find a wide choice of specialist accounts and products available offshore.
Of course, if you’re liable to pay tax elsewhere, it will be your responsibility to declare the interest to the relevant authorities.
*Subject to the terms and conditions of the European Union Savings Tax Directive, as appropriate.
Who can open an offshore bank account with Abbey International?
Offshore banking might be just what you need if:
You’re planning on living abroad – whether you’re retiring to a place in the sun or your career is taking you overseas. Abbey International helps thousands of UK expats to stay close to their money. You’re a foreign national living and working in the UK. You’re a UK resident interested in offshore banking. As the offshore subsidiary of Abbey, you’ll find we’re best placed to help you with all your offshore requirements. You’re an internationally active individual – as a regular globe-trotter, you could benefit by having an offshore account.
Please note: Abbey international has a minimum balance entry requirement of £50,000 ( or currency equivalent) across our portfolio of products. The minimum balance amount can be spread across a range of accounts, subject to the minimum opening deposit for each account being met.
Please click on the link to view our range of offshore bank accounts.
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