Expats wary of offshore investing

Concerns about access to their funds is preventing expatriates from depositing the bulk of their wealth offshore despite the availability of tax advantages for offshore investment. That is the conclusion of research by international online broker Internaxx. Only 15% of expatriate investors have moved all their assets offshore and the vast majority still maintain over 50% of their assets onshore, the broker said. The reasons given for this caution were varied but 60% of respondents, mostly UK expatriates, were worried about convenience and ease of access to offshore assets. Almost ...