Many people are interested in ways to reduce their current tax liability with the current business they have. They may be concerned about ways to move some of their assets offshore without public notification. Some people are interested in setting up a new business, usually on the Internet, and they need a way to accept credit orders. No matter what your requirement, an Offshore Merchant Account may be what you need.

A merchant account is a facility that allows you to accept credit card orders from your customers online or offline. So what is the main advantage of an offshore merchant account vs.a local one?

One thing that is certainly true about the global credit card business, is that it has become very competitive. As a consumer, you will know that interest rates charged on credit card balances have come down. For business owners, it has meant that where as you were charged high rates in the past to process your customer's credit card purchases, those rates have come down on average. Yet, there are still problems for the common small businessman wanting to set up his or her own merchant account.

One major problem is the application requirements, and the initial deposit requirements. Some banks or credit card processors will not even accept your application unless your business has been operating for two years or more. Others want a security deposit of