I have been searching the web for info on offshore accounts. The only reason I can see to use them is to have them attached to an offshore company. This requires registration and a secretary company of some sorts to make it a viable running company in whatever chosen low tax country it's set up in. Which means putting trust in a third party... I have trust issues. Just a bank account by itself seems to serve no purpose at all. ( a lower tax rate on interest perhaps ? ) Sure I can send money to it but New Zealand operates a " world wide income " policy. No matter where the money goes, you will pay New Zealand's income tax on it. Also any data held electronically I treat as a post card, anyone can read it. Am I missing something here?