Orwell Union Ltd (NZ) Opens Its Online Current And Savings Account Service To The Wider Market
Given the increasing demand for off-shore account services, Orwell Union opens its services to the wider market. Any person or business wanting to receive real off-shore account services with all their advantages can now apply to Orwell Union.
Online, May 19, 2012 (Newswire.com) - Orwell Union, provider of off-shore online money account services since 2010, has so far reserved these services to clients referred from other entities of its parent group of companies, Orwell Group ( www.orwellg.com ). However, given the increasing demand for off-shore account services, Orwell Union opens its services to the wider market. Any person or business wanting to receive real off-shore account services with all their advantages can now apply to Orwell Union.
The demand for reliable off-shore services is the result of the continuous economic crises in Europe and increased tax burden applied to resident account holders in Europe and its surrounding traditional off-shore locations (Switzerland, Jersey, Guernsey, Man, Monaco and Gibraltar). New Zealand offers the security, stability, discretion and tax-free elements once thought as eternal in the previously cited locations.
New Zealand is a politically stable country, part of the Commonwealth and whose laws and regulations are similar to those of the UK, yet its economy is naturally hedged against the doomsday consequences of an eventual collapse of the Euro.
The ever growing tax pressure on individuals and businesses in Europe, a consequence of the acute budget deficits in most EU countries, extends now beyond the EU itself and into the traditional off-shore banking locations around Europe (Switzerland, Jersey, Guernsey, Isle of Man, Monaco and Gibraltar), which now must conform to the European Savings Directive. This Directive, in force since 2007 but now in the process of being extended, obliges banks in those locations to withhold taxes from income for those account holders resident in any of the EU countries. This effectively reduces the interest of holding bank accounts in such locations. Especially now that extensions of the European Savings Directive along with specific discosure agreements signed with those locations leave clients with a real sense of insecurity.
New Zealand, which is not subject to the European Savings Directive, offers the advantages now lost in those locations plus the benefit of being a reputable country, but one that does not tax non-residents income derived from outside of New Zealand, therefore giving all the flexibility to non-residents who desire to open an account in New Zealand.
Orwell Union, specialised in off-shore services to non-New Zealand residents, is now ready to welcome new clients.